The stock of Meta Financial Group Inc. (NASDAQ:CASH) hit a new 52-week high and has $93.54 target or 23.00% above today’s $76.05 share price. The 5 months bullish chart indicates low risk for the $642.99 million company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $93.54 price target is reached, the company will be worth $147.89M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 33,849 shares traded hands. Meta Financial Group Inc. (NASDAQ:CASH) has risen 63.85% since April 7, 2016 and is uptrending. It has outperformed by 59.07% the S&P500.
Meta Financial Group Inc. (NASDAQ:CASH) Ratings Coverage
Out of 2 analysts covering Meta Financial Group (NASDAQ:CASH), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Meta Financial Group has been the topic of 3 analyst reports since October 13, 2015 according to StockzIntelligence Inc. The stock of Meta Financial Group Inc. (NASDAQ:CASH) earned “Buy” rating by Sandler O’Neill on Tuesday, October 13. The stock of Meta Financial Group Inc. (NASDAQ:CASH) has “Outperform” rating given on Thursday, April 7 by Wood. Wood maintained it with “Outperform” rating and $67 target price in Monday, August 15 report.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 2.96 in 2016 Q2. Its up 1.93, from 1.03 in 2016Q1. The ratio is positive, as 3 funds sold all Meta Financial Group Inc. shares owned while 20 reduced positions. 27 funds bought stakes while 41 increased positions. They now own 5.74 million shares or 9.81% more from 5.22 million shares in 2016Q1.
Philadelphia Fincl Mngmt Of San Francisco Lc, a California-based fund reported 351,965 shares. Federated Investors Inc Pa, a Pennsylvania-based fund reported 10,276 shares. Sg Ltd Liability Company has 148,048 shares for 1.85% of their US portfolio. Gsa Cap Prtn Llp holds 0.03% or 8,971 shares in its portfolio. Moreover, State Street Corp has 0% invested in Meta Financial Group Inc. (NASDAQ:CASH) for 135,082 shares. The United Kingdom-based Polar Llp has invested 0.01% in Meta Financial Group Inc. (NASDAQ:CASH). Grp Inc Inc holds 4,740 shares or 0% of its portfolio. Strs Ohio, a Ohio-based fund reported 13,100 shares. Moreover, Mufg Americas Holdings Corp has 0% invested in Meta Financial Group Inc. (NASDAQ:CASH) for 173 shares. Cornerstone Hldg Lc has 0.02% invested in the company for 37,558 shares. Guggenheim Cap Limited, a Illinois-based fund reported 22,294 shares. Blackrock Grp Incorporated accumulated 2,541 shares or 0% of the stock. Patriot Fincl Prtn Grp Lp holds 307,069 shares or 4.17% of its portfolio. Nationwide Fund Advisors accumulated 59,904 shares or 0.01% of the stock. Deutsche Bank & Trust Ag owns 37,009 shares or 0% of their US portfolio.
More important recent Meta Financial Group Inc. (NASDAQ:CASH) news were published by: Seekingalpha.com which released: “2 Issues With Meta Financial Group” on November 02, 2016, also Marketwatch.com published article titled: “Meta Financial Group Inc.”, Globenewswire.com published: “Meta Financial Group, Inc.® Announces Pricing of $75 Million Subordinated Notes” on August 11, 2016. More interesting news about Meta Financial Group Inc. (NASDAQ:CASH) was released by: Prnewswire.com and their article: “Meta Financial Group, Inc. ® Reports Results for Fiscal 2015 First Quarter” with publication date: January 29, 2015.
CASH Company Profile
Meta Financial Group, Inc., incorporated on June 14, 1993, is a unitary savings and loan holding company. The Firm operates through its banking subsidiary, MetaBank (the Bank). 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 firm providing services on a nationwide basis. The Company’s divisions include Retail Banking and Meta Payment Systems (MPS). The Retail Banking segment includes AFS/IBEX Financial Services Inc. (AFS/IBEX). It operates as a traditional community bank providing deposit, loan and other related products to individuals and small businesses, primarily in the communities where its offices are located. MPS provides a range of services and products to financial institutions and other businesses, including issuance of prepaid debit cards, sponsorship of automated teller machines (ATM) into the debit networks, credit programs, automated clearing house (ACH) origination services, gift card programs, rebate programs, travel programs and tax-related programs and services. The Bank operates approximately 10 full-service branch banking offices in four market areas in Iowa and South Dakota: Northwest Iowa, Brookings, Central Iowa and Sioux Empire, one non-retail service branch in Memphis, Tennessee, and three non-branch offices located in Texas, California and Kentucky related to the Bank’s AFS/IBEX and Refund Advantage operations.
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