Meta Financial Group (CASH) Price Target Increased to $37.00 by Analysts at Raymond James

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Meta Financial Group (NASDAQ:CASH) had its price target raised by Raymond James from $36.67 to $37.00 in a research report sent to investors on Monday, October 15th. Raymond James currently has a strong-buy rating on the savings and loans company’s stock.

Other research analysts have also recently issued research reports about the stock. BidaskClub cut shares of Meta Financial Group from a buy rating to a hold rating in a research note on Tuesday, June 19th. Sandler O’Neill set a $40.00 price target on shares of Meta Financial Group and gave the stock a buy rating in a research note on Monday, August 6th. B. Riley dropped their price target on shares of Meta Financial Group from $45.00 to $44.00 and set a buy rating on the stock in a research note on Thursday, June 21st. Zacks Investment Research upgraded shares of Meta Financial Group from a strong sell rating to a hold rating in a research note on Wednesday, September 26th. Finally, ValuEngine cut shares of Meta Financial Group from a sell rating to a strong sell rating in a research note on Saturday, October 6th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $38.11.

CASH stock traded down $0.52 on Monday, hitting $24.96. The company had a trading volume of 170,714 shares, compared to its average volume of 303,048. Meta Financial Group has a 12-month low of $21.55 and a 12-month high of $39.33. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $1.01 billion, a P/E ratio of 8.88 and a beta of 1.09.

Meta Financial Group (NASDAQ:CASH) last issued its earnings results on Wednesday, October 31st. The savings and loans company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The company had revenue of $73.15 million for the quarter, compared to analysts’ expectations of $82.46 million. Meta Financial Group had a net margin of 15.05% and a return on equity of 12.10%. As a group, equities analysts predict that Meta Financial Group will post 2.52 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Legal & General Group Plc raised its position in shares of Meta Financial Group by 3.4% during the 1st quarter. Legal & General Group Plc now owns 17,025 shares of the savings and loans company’s stock valued at $1,860,000 after purchasing an additional 562 shares during the period. Citigroup Inc. increased its holdings in Meta Financial Group by 17.2% in the 1st quarter. Citigroup Inc. now owns 3,939 shares of the savings and loans company’s stock valued at $430,000 after acquiring an additional 578 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in Meta Financial Group by 23.7% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 3,338 shares of the savings and loans company’s stock valued at $325,000 after acquiring an additional 640 shares during the last quarter. Citadel Advisors LLC increased its holdings in Meta Financial Group by 27.6% in the 2nd quarter. Citadel Advisors LLC now owns 3,800 shares of the savings and loans company’s stock valued at $370,000 after acquiring an additional 821 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Meta Financial Group by 6.8% in the 1st 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. Hedge funds and other institutional investors own 61.11% of the company’s stock.

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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