Worth Watching: Is Buying All-time Stock Like Meta Financial Group Inc. a Winning Strategy?

Worth Watching: Is Buying All time Stock Like Meta Financial Group Inc. a Winning Strategy?

The stock of Meta Financial Group Inc. (NASDAQ:CASH) reached all time high today, Nov, 14 and still has $124.63 target or 45.00% above today’s $85.95 share price. This indicates more upside for the $759.72 million company. This technical setup was reported by Barchart.com. If the $124.63 PT is reached, the company will be worth $341.87M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 60,577 shares traded hands. Meta Financial Group Inc. (NASDAQ:CASH) has risen 80.79% since April 12, 2016 and is uptrending. It has outperformed by 75.81% 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 has “Outperform” rating given by Wood on Monday, August 15. Wood initiated the shares of CASH in a report on Thursday, April 7 with “Outperform” rating. The stock of Meta Financial Group Inc. (NASDAQ:CASH) has “Buy” rating given on Tuesday, October 13 by Sandler O’Neill.

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 increased, 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.
The Massachusetts-based Cadence Mgmt Limited Liability has invested 0.07% in Meta Financial Group Inc. (NASDAQ:CASH). The France-based Credit Agricole S A has invested 0.03% in Meta Financial Group Inc. (NASDAQ:CASH). The New York-based Qs Investors Limited Company has invested 0% in Meta Financial Group Inc. (NASDAQ:CASH). Millennium Mngmt holds 0% or 26,101 shares in its portfolio. The New York-based Teachers Advisors has invested 0% in Meta Financial Group Inc. (NASDAQ:CASH). Citigroup last reported 0% of its portfolio in the stock. Prudential Fincl accumulated 5,715 shares or 0% of the stock. Cornerstone Cap Ltd Com holds 0.02% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH) for 37,558 shares. Lsv Asset Mgmt accumulated 0% or 20,400 shares. Foundry Prtnrs Limited Liability Corp, a Minnesota-based fund reported 87,530 shares. Friess Ltd Limited Liability Company holds 13,300 shares or 0.07% of its portfolio. Brandywine Mgmt Ltd Co reported 3,780 shares or 0% of all its holdings. Bank Of Ny Mellon reported 33,697 shares or 0% of all its holdings. Martingale Asset Mngmt L P reported 28,820 shares or 0.02% of all its holdings. The North Carolina-based Bank Of America Corp De has invested 0% in Meta Financial Group Inc. (NASDAQ:CASH).

Another recent and important Meta Financial Group Inc. (NASDAQ:CASH) news was published by Globenewswire.com which published an article titled: “Meta Financial Group, Inc.® Announces Pricing of $75 Million Subordinated Notes” on August 11, 2016.

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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