Meta Financial Group (CASH) Stock Rating Lowered by BidaskClub

Meta Financial Group (NASDAQ:CASH) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday, December 27th.

CASH has been the topic of a number of other reports. B. Riley set a $100.00 price objective on Meta Financial Group and gave the company a “buy” rating in a research note on Thursday, November 16th. FBR & Co raised Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Tuesday, October 31st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $88.00 price target on shares of Meta Financial Group in a research note on Thursday, October 12th. Finally, Zacks Investment Research raised Meta Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. One analyst has rated the stock with a sell rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $115.80.

Shares of Meta Financial Group (NASDAQ CASH) opened at $103.75 on Wednesday. Meta Financial Group has a 52-week low of $60.70 and a 52-week high of $106.74. The firm has a market capitalization of $1,010.00, a price-to-earnings ratio of 21.61 and a beta of 0.90. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Malaga Cove Capital LLC purchased a new stake in shares of Meta Financial Group during the third quarter worth $111,000. SG Americas Securities LLC purchased a new stake in shares of Meta Financial Group during the second quarter worth $112,000. LS Investment Advisors LLC purchased a new stake in shares of Meta Financial Group during the third quarter worth $152,000. Victory Capital Management Inc. lifted its position in shares of Meta Financial Group by 31.3% during the second quarter. Victory Capital Management Inc. now owns 1,806 shares of the savings and loans company’s stock worth $161,000 after acquiring an additional 430 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Meta Financial Group during the third quarter worth $165,000. 76.89% of the stock is owned by institutional investors and hedge funds.

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Meta Financial Group Company Profile

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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