BidaskClub Upgrades Meta Financial Group (CASH) to “Sell”

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Meta Financial Group (NASDAQ:CASH) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Wednesday.

A number of other equities analysts have also weighed in on CASH. ValuEngine lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, June 15th. B. Riley dropped their price target on shares of Meta Financial Group from $135.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, June 21st. Finally, Sandler O’Neill set a $120.00 price target on shares of Meta Financial Group and gave the stock a “buy” rating in a research report on Monday, August 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $113.33.

Shares of NASDAQ CASH opened at $87.05 on Wednesday. The company has a market cap of $1.14 billion, a P/E ratio of 13.20 and a beta of 1.07. Meta Financial Group has a 12-month low of $64.00 and a 12-month high of $117.97. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.46 and a quick ratio of 0.46.

Meta Financial Group shares are set to split before the market opens on Friday, October 5th. The 3-1 split was announced on Tuesday, August 28th. The newly created shares will be issued to shareholders after the closing bell on Thursday, October 4th.

Meta Financial Group (NASDAQ:CASH) last posted its quarterly earnings results on Thursday, July 26th. The savings and loans company reported $1.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.66. The business had revenue of $61.64 million during the quarter, compared to analyst estimates of $66.50 million. Meta Financial Group had a net margin of 14.08% and a return on equity of 14.58%. equities research analysts anticipate that Meta Financial Group will post 6.16 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC purchased a new stake in Meta Financial Group during the first quarter valued at $212,000. John W. Rosenthal Capital Management Inc. increased its position in Meta Financial Group by 28.6% during the second quarter. John W. Rosenthal Capital Management Inc. now owns 45,000 shares of the savings and loans company’s stock valued at $4,383,000 after acquiring an additional 10,000 shares during the last quarter. Legal & General Group Plc increased its position in Meta Financial Group by 3.4% during the first quarter. Legal & General Group Plc now owns 17,025 shares of the savings and loans company’s stock valued at $1,860,000 after acquiring an additional 562 shares during the last quarter. Wells Fargo & Company MN increased its position in Meta Financial Group by 6.8% during the first quarter. Wells Fargo & Company MN now owns 14,232 shares of the savings and loans company’s stock valued at $1,554,000 after acquiring an additional 905 shares during the last quarter. Finally, Alps Advisors Inc. bought a new position in Meta Financial Group during the first quarter valued at $454,000. 61.12% of the stock is currently owned by institutional investors.

Meta Financial Group Company Profile

Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services to individuals, small businesses, financial institutions, and other businesses. It provides various deposit products, such as statement savings accounts, money market savings accounts, and NOW and regular checking accounts, as well as deposits related to prepaid cards, which primarily include checking accounts and certificate accounts.

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Analyst Recommendations for Meta Financial Group (NASDAQ:CASH)

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