Investment analysts at Lake Street Capital started coverage on shares of Meta Financial Group (NASDAQ:CASH) in a research note issued on Monday, MarketBeat.com reports. The brokerage set a “buy” rating and a $120.00 price target on the savings and loans company’s stock. Lake Street Capital’s price target suggests a potential upside of 17.13% from the company’s previous close.

Several other research analysts have also issued reports on the company. Zacks Investment Research lowered Meta Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 15th. B. Riley upgraded Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 target price for the company in a research report on Wednesday, November 1st. BidaskClub upgraded Meta Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Keefe, Bruyette & Woods restated a “buy” rating and set a $88.00 target price on shares of Meta Financial Group in a research report on Thursday, October 12th. Finally, FBR & Co restated a “hold” rating and set a $95.00 target price on shares of Meta Financial Group in a research report on Wednesday, October 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $104.60.

Shares of Meta Financial Group (NASDAQ:CASH) traded up $11.20 during trading hours on Monday, hitting $102.45. The company’s stock had a trading volume of 119,163 shares, compared to its average volume of 70,133. Meta Financial Group has a fifty-two week low of $60.70 and a fifty-two week high of $106.90. The stock has a market capitalization of $970.51, a price-to-earnings ratio of 21.34 and a beta of 0.90. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.20.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. 1st Global Advisors Inc. boosted its holdings in shares of Meta Financial Group by 1.3% in the second quarter. 1st Global Advisors Inc. now owns 2,461 shares of the savings and loans company’s stock valued at $219,000 after purchasing an additional 32 shares during the period. Legal & General Group Plc boosted its holdings in shares of Meta Financial Group by 6.6% in the second quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock valued at $186,000 after purchasing an additional 130 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Meta Financial Group by 8.2% in the second quarter. Voya Investment Management LLC now owns 4,699 shares of the savings and loans company’s stock valued at $418,000 after purchasing an additional 356 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Meta Financial Group by 31.3% in the second quarter. Victory Capital Management Inc. now owns 1,806 shares of the savings and loans company’s stock valued at $161,000 after purchasing an additional 430 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Meta Financial Group by 15.5% in the second quarter. Dynamic Technology Lab Private Ltd now owns 4,628 shares of the savings and loans company’s stock valued at $412,000 after purchasing an additional 620 shares during the period. Hedge funds and other institutional investors own 76.89% of the company’s stock.

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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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