Meta Financial Group, Inc. (CASH) PT Set at $100.00 by B. Riley

Meta Financial Group, Inc. (NASDAQ:CASH) received a $100.00 price target from research analysts at B. Riley in a research note issued to investors on Thursday. The brokerage currently has a “buy” rating on the savings and loans company’s stock. B. Riley’s price target suggests a potential upside of 14.22% from the stock’s current price. B. Riley also issued estimates for Meta Financial Group’s FY2018 earnings at $7.13 EPS, Q1 2019 earnings at $0.88 EPS, Q2 2019 earnings at $4.84 EPS, Q3 2019 earnings at $1.56 EPS, Q4 2019 earnings at $1.39 EPS and FY2019 earnings at $8.67 EPS.

A number of other brokerages also recently issued reports on CASH. FBR & Co downgraded shares of Meta Financial Group from an “outperform” rating to a “market perform” rating and set a $95.00 price objective on the stock. in a research note on Friday, July 28th. Zacks Investment Research upgraded shares of Meta Financial Group from a “hold” rating to a “strong-buy” rating and set a $100.00 price objective on the stock in a research note on Wednesday, November 1st. ValuEngine downgraded shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. BidaskClub cut shares of Meta Financial Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $121.00 target price on shares of Meta Financial Group in a report on Thursday, July 27th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $95.75.

Meta Financial Group (CASH) opened at $87.55 on Thursday. The stock has a market capitalization of $818.59, a price-to-earnings ratio of 12.14 and a beta of 0.89. The company has a current ratio of 0.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.20. Meta Financial Group has a 1-year low of $60.70 and a 1-year high of $106.90.

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In other news, Director Frederick V. Moore sold 450 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $71.75, for a total value of $32,287.50. Following the completion of the transaction, the director now owns 100 shares of the company’s stock, valued at $7,175. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederick V. Moore bought 1,393 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was bought at an average cost of $71.70 per share, with a total value of $99,878.10. Following the acquisition, the director now directly owns 100 shares of the company’s stock, valued at approximately $7,170. The disclosure for this purchase can be found here. 6.06% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of Meta Financial Group in the second quarter worth about $112,000. Malaga Cove Capital LLC bought a new position in Meta Financial Group in the 3rd quarter valued at approximately $111,000. Victory Capital Management Inc. raised its holdings in Meta Financial Group by 31.3% in the 2nd quarter. Victory Capital Management Inc. now owns 1,806 shares of the savings and loans company’s stock valued at $161,000 after buying an additional 430 shares during the last quarter. LS Investment Advisors LLC bought a new position in Meta Financial Group in the 3rd quarter valued at approximately $152,000. Finally, Legal & General Group Plc raised its holdings in Meta Financial Group by 6.6% in the 2nd quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock valued at $186,000 after buying an additional 130 shares during the last quarter. 73.28% of the stock is owned by hedge funds and other institutional investors.

About Meta Financial Group

Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. MetaBank is both a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves and a payments company providing services on a nationwide basis.

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