Notable Mover: What’s Next for Meta Financial Group Inc. After Making 52-Week High?

Notable Mover: What's Next for Meta Financial Group Inc. After Making 52 Week High?

The stock of Meta Financial Group Inc. (NASDAQ:CASH) hit a new 52-week high and has $111.50 target or 25.00% above today’s $89.20 share price. The 9 months bullish chart indicates low risk for the $793.50M company. The 1-year high was reported on Nov, 17 by If the $111.50 price target is reached, the company will be worth $198.38 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 22,251 shares traded hands. Meta Financial Group Inc. (NASDAQ:CASH) has risen 91.64% since April 15, 2016 and is uptrending. It has outperformed by 87.02% 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 shares of CASH in a report on Monday, August 15 with “Outperform” rating. The firm has “Outperform” rating by Wood given on Thursday, April 7. The firm earned “Buy” rating 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 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.
Emerald Mutual Fund Advisers Trust accumulated 0.35% or 120,788 shares. The California-based Blackrock Institutional Tru Co Na has invested 0% in Meta Financial Group Inc. (NASDAQ:CASH). Patriot Fincl Prns Group Lp holds 307,069 shares or 4.17% of its portfolio. First Advsrs Lp accumulated 0% or 11,953 shares. Moreover, Coe Capital Limited Co has 0% invested in Meta Financial Group Inc. (NASDAQ:CASH) for 14,317 shares. Cadence Mgmt Lc has 18,305 shares for 0.07% of their US portfolio. Foundry Ltd Liability Corp holds 0.25% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH) for 87,530 shares. Jpmorgan Chase & owns 138,819 shares or 0% of their US portfolio. Deutsche Commercial Bank Ag holds 0% or 37,009 shares in its portfolio. Blackrock Grp Limited last reported 0% of its portfolio in the stock. Tiaa Cref Investment Mgmt Llc reported 47,981 shares or 0% of all its holdings. Stifel Fincl last reported 6,432 shares in the company. Geode Mgmt Ltd accumulated 0% or 50,132 shares. California State Teachers Retirement Systems holds 17,264 shares or 0% of its portfolio. Amer Century Cos holds 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH) for 19,354 shares.

Another recent and important Meta Financial Group Inc. (NASDAQ:CASH) news was published by 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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