The stock of Meta Financial Group Inc. (NASDAQ:CASH) reached all time high today, Oct, 3 and still has $84.65 target or 34.00% above today’s $63.17 share price. This indicates more upside for the $536.61 million company. This technical setup was reported by Barchart.com. If the $84.65 PT is reached, the company will be worth $182.45 million 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 4.22% or $2.56 during the last trading session, hitting $63.17. About 70,414 shares traded hands or 30.34% up from the average. Meta Financial Group Inc. (NASDAQ:CASH) has risen 46.44% since February 29, 2016 and is uptrending. It has outperformed by 34.22% the S&P500.
Analysts await Meta Financial Group Inc. (NASDAQ:CASH) to report earnings on November, 4. They expect $0.73 EPS, down 6.41% or $0.05 from last year’s $0.78 per share. CASH’s profit will be $6.20 million for 21.63 P/E if the $0.73 EPS becomes a reality. After $1.04 actual EPS reported by Meta Financial Group Inc. for the previous quarter, Wall Street now forecasts -29.81% negative EPS growth.
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 rating was initiated by Wood with “Outperform” on Thursday, April 7. The firm earned “Buy” rating on Tuesday, October 13 by Sandler O’Neill. The rating was maintained by Wood on Monday, August 15 with “Outperform”.
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.
Schwab Charles Mgmt has invested 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH). Millennium Mngmt Limited has 26,101 shares for 0% of their US portfolio. Blackrock Fund holds 216,538 shares or 0% of its portfolio. Wells Fargo And Mn has 0% invested in the company for 2,309 shares. The Switzerland-based Credit Suisse Ag has invested 0% in Meta Financial Group Inc. (NASDAQ:CASH). First Advisors Lp owns 11,953 shares or 0% of their US portfolio. Exchange Cap Mngmt reported 44,819 shares or 0.93% of all its holdings. Wellington Group Llp, a Massachusetts-based fund reported 151,030 shares. Morgan Stanley last reported 0% of its portfolio in the stock. Moreover, Magee Thomson Inv Prtn Ltd Limited Liability Company has 0% invested in Meta Financial Group Inc. (NASDAQ:CASH) for 25 shares. Polar Cap Llp last reported 11,773 shares in the company. Bnp Paribas Arbitrage Sa last reported 322 shares in the company. Swiss National Bank accumulated 0% or 11,200 shares. Highbridge last reported 0.01% of its portfolio in the stock. California State Teachers Retirement, a California-based fund reported 17,264 shares.
Insider Transactions: Since May 4, 2016, the stock had 0 insider buys, and 2 sales for $370,322 net activity. $249,340 worth of shares were sold by Moore Troy III on Tuesday, May 10. Frericks Ira Duane also sold $120,982 worth of Meta Financial Group Inc. (NASDAQ:CASH) on Wednesday, May 4.
More notable recent Meta Financial Group Inc. (NASDAQ:CASH) news were published by: Streetinsider.com which released: “Meta Financial Group (CASH) to Acquire Assets of EPS Financial for $42.5M” on October 03, 2016, also Finance.Yahoo.com with their article: “Meta Financial Group, Inc.® Announces New Board Member” published on September 30, 2016, Marketwatch.com published: “Meta Financial Group Inc.” on October 21, 2010. More interesting news about Meta Financial Group Inc. (NASDAQ:CASH) were released by: Finance.Yahoo.com and their article: “Meta Financial Group, Inc.® Announces Pricing of $75 Million Subordinated Notes” published on August 11, 2016 as well as Prnewswire.com‘s news article titled: “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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