Stock of the Day: Meta Financial Group Inc.’s Stock Is Buy After Achieving 52-Week High

Stock of the Day: Meta Financial Group Inc.'s Stock Is Buy After Achieving 52 Week High

The stock of Meta Financial Group Inc. (NASDAQ:CASH) hit a new 52-week high and has $99.65 target or 5.00% above today’s $94.90 share price. The 7 months bullish chart indicates low risk for the $808.47M company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $99.65 price target is reached, the company will be worth $40.42 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 23,155 shares traded hands. Meta Financial Group Inc. (NASDAQ:CASH) has risen 106.35% since April 25, 2016 and is uptrending. It has outperformed by 100.34% the S&P500.

Analysts await Meta Financial Group Inc. (NASDAQ:CASH) to report earnings on January, 26. They expect $0.75 EPS, up 25.00% or $0.15 from last year’s $0.6 per share. CASH’s profit will be $6.39 million for 31.63 P/E if the $0.75 EPS becomes a reality. After $1.03 actual EPS reported by Meta Financial Group Inc. for the previous quarter, Wall Street now forecasts -27.18% 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. On Tuesday, October 13 the stock rating was upgraded by Sandler O’Neill to “Buy”. The stock has “Outperform” rating given by Wood on Thursday, April 7. 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 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.
Jpmorgan Chase holds 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH) for 138,819 shares. Coe Management Ltd Co accumulated 0% or 14,317 shares. Swiss Bancorp holds 11,200 shares or 0% of its portfolio. Credit Agricole S A holds 0.03% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH) for 133,000 shares. Bank Of America Corporation De holds 0% or 239 shares in its portfolio. Rhumbline Advisers owns 9,198 shares or 0% of their US portfolio. First Advisors L P owns 11,953 shares or 0% of their US portfolio. Panagora Asset Inc has invested 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH). Bnp Paribas Arbitrage reported 322 shares or 0% of all its holdings. Credit Suisse Ag, a Switzerland-based fund reported 9,925 shares. Cadence Cap Mgmt Ltd Limited Liability Company has 18,305 shares for 0.07% of their US portfolio. Prudential Financial holds 0% or 5,715 shares in its portfolio. Geode Mngmt Ltd has invested 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH). Lsv Asset Mngmt has 0% invested in the company for 20,400 shares. Foundry Prtn Limited Liability Company last reported 87,530 shares in the company.

More 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 the news titled: “Meta Financial Group, Inc.® Reports Results for 2016 Fiscal Fourth Quarter and …” on October 25, 2016. Globenewswire.com‘s news article titled: “Meta Financial Group, Inc.® Announces Pricing of $75 Million Subordinated Notes” with publication date: August 11, 2016 was also an interesting one.

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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