Zacks Investment Research upgraded shares of Meta Financial Group (NASDAQ:CASH) from a hold rating to a strong-buy rating in a report released on Friday morning. Zacks Investment Research currently has $119.00 price target on the savings and loans company’s stock.

According to Zacks, “Meta Financial Group, Inc. is the holding company for federally chartered savings bank MetaBank, Member FDIC. Headquartered in Sioux Falls, S.D., MetaBank operates in both the Banking and Payments industries: MetaBank, its retail banking division; Meta Payment Systems, its electronic payments division; AFS/IBEX, its insurance premium finance division; and Refund Advantage, its tax refund-transfer software division. The synergies among the four provide a unique business model for the company. “

Other equities research analysts also recently issued reports about the company. BidaskClub downgraded Meta Financial Group from a hold rating to a sell rating in a report on Saturday, January 6th. B. Riley upgraded Meta Financial Group from a neutral rating to a buy rating and set a $95.00 target price on the stock in a report on Wednesday, November 1st. Keefe, Bruyette & Woods reiterated a buy rating and set a $125.00 target price on shares of Meta Financial Group in a report on Thursday, January 11th. FBR & Co upgraded Meta Financial Group from a neutral rating to a buy rating and set a $95.00 target price on the stock in a report on Tuesday, October 31st. Finally, Lake Street Capital assumed coverage on Meta Financial Group in a report on Monday, January 8th. They set a buy rating and a $120.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Meta Financial Group has a consensus rating of Buy and a consensus price target of $115.80.

Meta Financial Group (NASDAQ CASH) traded down $0.10 during trading on Friday, hitting $103.75. The stock had a trading volume of 67,200 shares, compared to its average volume of 92,344. The stock has a market cap of $1,002.73, a P/E ratio of 21.66 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. Meta Financial Group has a 52 week low of $60.70 and a 52 week high of $106.74.

Meta Financial Group (NASDAQ:CASH) last released its quarterly earnings data on Monday, October 30th. The savings and loans company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $1.38. Meta Financial Group had a return on equity of 15.91% and a net margin of 16.03%. analysts expect that Meta Financial Group will post 7.03 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 8th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.52 annualized dividend and a dividend yield of 0.50%. Meta Financial Group’s payout ratio is currently 10.86%.

Several large investors have recently made changes to their positions in CASH. Schwab Charles Investment Management Inc. raised its holdings in shares of Meta Financial Group by 52.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 57,354 shares of the savings and loans company’s stock valued at $5,105,000 after buying an additional 19,732 shares during the period. Rhumbline Advisers raised its holdings in shares of Meta Financial Group by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 10,303 shares of the savings and loans company’s stock valued at $917,000 after buying an additional 795 shares during the period. SG Americas Securities LLC purchased a new stake in Meta Financial Group during the 2nd quarter worth approximately $112,000. Legal & General Group Plc increased its holdings in Meta Financial Group by 6.6% during the 2nd quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock worth $186,000 after purchasing an additional 130 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Meta Financial Group by 31.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,806 shares of the savings and loans company’s stock worth $161,000 after purchasing an additional 430 shares during the last quarter. Institutional investors and hedge funds own 76.73% of the company’s stock.

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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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