Price Action Alert: Is Buying All-time Stock Like Meta Financial Group Inc. a Winning Strategy?

Price Action Alert: 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, Oct, 13 and still has $107.87 target or 61.00% above today’s $67.00 share price. This indicates more upside for the $575.85 million company. This technical setup was reported by Barchart.com. If the $107.87 PT is reached, the company will be worth $351.27 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. About 62,684 shares traded hands or 0.81% up from the average. Meta Financial Group Inc. (NASDAQ:CASH) has risen 57.51% since March 10, 2016 and is uptrending. It has outperformed by 49.99% the S&P500.

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 $6.27 million for 22.95 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. Sandler O’Neill upgraded Meta Financial Group Inc. (NASDAQ:CASH) on Tuesday, October 13 to “Buy” rating. Wood initiated the stock with “Outperform” rating in Thursday, April 7 report. The firm has “Outperform” rating given 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 Q2 2016. Its up 1.93, from 1.03 in 2016Q1. The ratio improved, 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.
Foundry Prtn Limited Liability Corp has invested 0.25% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH). Susquehanna Intll Gp Llp holds 0% or 5,900 shares in its portfolio. Blackrock Management Ltd Co has 34,829 shares for 0% of their US portfolio. Metropolitan Life Insurance Ny has invested 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH). Jpmorgan Chase And, a New York-based fund reported 138,819 shares. New York State Common Retirement Fund accumulated 0% or 9,100 shares. Fincl Bank Of America De reported 239 shares or 0% of all its holdings. Iowa Comml Bank holds 270 shares or 0.01% of its portfolio. Eam Invsts Ltd accumulated 26,179 shares or 0.2% of the stock. Patriot Financial Prtn Grp Incorporated Lp reported 307,069 shares or 4.17% of all its holdings. Nantahala Cap Mgmt Ltd Co has invested 2.62% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH). Tfs Cap Limited Liability Com has invested 0.04% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH). First Advisors L P owns 11,953 shares or 0% of their US portfolio. Ftb Advsr Incorporated reported 44 shares or 0% of all its holdings. Menta Cap Ltd Liability owns 12,896 shares or 0.09% of their US portfolio.

Insider Transactions: Since May 4, 2016, the stock had 0 insider purchases, and 2 selling transactions for $370,322 net activity. Another trade for 5,000 shares valued at $249,340 was sold by Moore Troy III. 2,469 Meta Financial Group Inc. (NASDAQ:CASH) shares with value of $120,982 were sold by Frericks Ira Duane.

More important recent Meta Financial Group Inc. (NASDAQ:CASH) news were published by: Marketwatch.com which released: “Meta Financial Group Inc.” on October 21, 2010, also Globenewswire.com published article titled: “Meta Financial Group, Inc.® Announces Pricing of $75 Million Subordinated Notes”, Globenewswire.com published: “Meta Financial Group, Inc.® Announces Completion of $75 Million Subordinated …” on August 15, 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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