The stock of Meta Financial Group Inc. (NASDAQ:CASH) is a huge mover today! The stock increased 4.22% or $2.56 during the last trading session, hitting $63.17. About 70,509 shares traded hands or 30.52% 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.
The move comes after 5 months positive chart setup for the $536.61 million company. It was reported on Oct, 4 by Barchart.com. We have $88.44 PT which if reached, will make NASDAQ:CASH worth $214.64 million more.
Analysts await Meta Financial Group Inc. (NASDAQ:CASH) to report earnings on November, 4. They expect $0.73 earnings per share, 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 earnings per share 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 firm has “Buy” rating given on Tuesday, October 13 by Sandler O’Neill. The firm has “Outperform” rating by Wood given on Thursday, April 7. The firm earned “Outperform” rating on Monday, August 15 by Wood.
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.
Northern Tru owns 105,480 shares or 0% of their US portfolio. Panagora Asset Inc holds 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH) for 123 shares. Emerald Mutual Fund Advisers Trust has invested 0.35% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH). The New York-based Citigroup has invested 0% in Meta Financial Group Inc. (NASDAQ:CASH). Prudential, a New Jersey-based fund reported 5,715 shares. Philadelphia Mngmt Of San Francisco Limited Liability Company has invested 4.12% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH). Consector Cap L P accumulated 9.41% or 79,094 shares. The Germany-based Deutsche Bank & Trust Ag has invested 0% in Meta Financial Group Inc. (NASDAQ:CASH). Blackrock Inv Mngmt Limited Co holds 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH) for 34,829 shares. The New York-based Mufg Americas Holdings has invested 0% in Meta Financial Group Inc. (NASDAQ:CASH). Moreover, National Bank & Trust Of America Corp De has 0% invested in Meta Financial Group Inc. (NASDAQ:CASH) for 239 shares. Wellington Mngmt Group Incorporated Llp accumulated 0% or 151,030 shares. Tiaa Cref Inv Management Lc accumulated 47,981 shares or 0% of the stock. Tfs Ltd has invested 0.04% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH). Pacific Ridge Prns Ltd accumulated 1.18% or 51,000 shares.
Insider Transactions: Since May 4, 2016, the stock had 0 buys, and 2 insider sales for $370,322 net activity. Another trade for 2,469 shares valued at $120,982 was sold by Frericks Ira Duane. Moore Troy III sold 5,000 shares worth $249,340.
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 Reuters.com‘s news article titled: “BRIEF-Meta Financial Group announces new board member” with publication date: September 01, 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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