The stock of Meta Financial Group Inc. (NASDAQ:CASH) reached all time high today, Nov, 21 and still has $153.55 target or 68.00% above today’s $91.40 share price. This indicates more upside for the $799.74M company. This technical setup was reported by Barchart.com. If the $153.55 PT is reached, the company will be worth $543.82M 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. The stock increased 0.55% or $0.5 during the last trading session, hitting $91.4. About 46,190 shares traded hands. Meta Financial Group Inc. (NASDAQ:CASH) has risen 94.73% since April 19, 2016 and is uptrending. It has outperformed by 90.87% 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. Wood maintained the stock with “Outperform” rating in Monday, August 15 report. Wood initiated Meta Financial Group Inc. (NASDAQ:CASH) on Thursday, April 7 with “Outperform” rating. Sandler O’Neill upgraded Meta Financial Group Inc. (NASDAQ:CASH) on Tuesday, October 13 to “Buy” rating.
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 decreased to 2.52 in Q2 2016. Its down 0.44, from 2.96 in 2016Q1. The ratio worsened, 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.
Tower Capital Lc (Trc) last reported 0% of its portfolio in the stock. Polar Capital Limited Liability Partnership holds 0.01% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH) for 11,773 shares. Stifel has 0% invested in the company for 6,432 shares. Credit Agricole S A last reported 133,000 shares in the company. Moreover, Teacher Retirement System Of Texas has 0% invested in Meta Financial Group Inc. (NASDAQ:CASH) for 1,138 shares. Wells Fargo And Mn last reported 2,309 shares in the company. Iowa National Bank holds 0.01% or 270 shares in its portfolio. Deutsche Bancorporation Ag owns 37,009 shares or 0% of their US portfolio. Blackrock Institutional Trust Com Na has invested 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH). Moreover, State Street Corp has 0% invested in Meta Financial Group Inc. (NASDAQ:CASH) for 135,082 shares. Pacific Ridge Prns Lc last reported 51,000 shares in the company. California Public Employees Retirement accumulated 0.01% or 73,810 shares. Emerald Mutual Fund Advisers last reported 120,788 shares in the company. Blackrock Gp holds 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH) for 2,541 shares. Teachers has 11,398 shares for 0% of their US portfolio.
More news for Meta Financial Group Inc. (NASDAQ:CASH) were recently published by: Marketwatch.com, which released: “Meta Financial Group Inc.” on October 21, 2010. Globenewswire.com‘s article titled: “Meta Financial Group, Inc.® Announces Pricing of $75 Million Subordinated Notes” and published on August 11, 2016 is yet another important article.
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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