Will the Recent FBR Capital Upgrade Help Meta Financial Group (NASDAQ:CASH) Shares This Week?

January 21, 2018 - By Hazel Jackson

  Will the Recent FBR Capital Upgrade Help Meta Financial Group (NASDAQ:CASH) Shares This Week?

Investors sentiment decreased to 1.12 in Q3 2017. Its down 0.38, from 1.5 in 2017Q2. It turned negative, as 26 investors sold Meta Financial Group Inc shares while 42 reduced holdings. 31 funds opened positions while 45 raised stakes. 6.87 million shares or 5.51% more from 6.51 million shares in 2017Q2 were reported.

Credit Agricole S A accumulated 0% or 18,520 shares. Ftb Advsr has 60 shares. Rhumbline Advisers has 0% invested in Meta Financial Group Inc (NASDAQ:CASH). Moreover, Blair William & Communication Il has 0.02% invested in Meta Financial Group Inc (NASDAQ:CASH). New York-based Second Curve Capital Lc has invested 13.33% in Meta Financial Group Inc (NASDAQ:CASH). Nationwide Fund Advsrs reported 29,635 shares stake. Moreover, Ascend Ltd Llc has 0.23% invested in Meta Financial Group Inc (NASDAQ:CASH). Css Ltd Liability Corporation Il, Illinois-based fund reported 4,309 shares. 2,150 were accumulated by Sg Americas Securities Ltd Liability Company. Wetherby Asset Mngmt invested 0.02% of its portfolio in Meta Financial Group Inc (NASDAQ:CASH). Lsv Asset Mgmt holds 0% or 14,100 shares. Northpointe Capital Ltd Liability Company reported 36,375 shares or 0.3% of all its holdings. Bancorporation Of Mellon invested 0% in Meta Financial Group Inc (NASDAQ:CASH). State Common Retirement Fund reported 10,300 shares. Citigroup invested in 11,863 shares or 0% of the stock.

Since August 8, 2017, it had 0 buys, and 1 sale for $365,349 activity.

Meta Financial Group (NASDAQ:CASH) Stock Upgrade

FBR Capital has raised shares of Meta Financial Group (NASDAQ:CASH) to a respectable “Buy” rating in an analyst report issued to clients and investors today, and has set a 12month TP of $95.0, which is -9.39 % from CASH’s share price currently.

Investors sentiment decreased to 1.12 in Q3 2017. Its down 0.38, from 1.5 in 2017Q2. It turned negative, as 26 investors sold Meta Financial Group Inc shares while 42 reduced holdings. 31 funds opened positions while 45 raised stakes. 6.87 million shares or 5.51% more from 6.51 million shares in 2017Q2 were reported.

Credit Agricole S A accumulated 0% or 18,520 shares. Ftb Advsr has 60 shares. Rhumbline Advisers has 0% invested in Meta Financial Group Inc (NASDAQ:CASH). Moreover, Blair William & Communication Il has 0.02% invested in Meta Financial Group Inc (NASDAQ:CASH). New York-based Second Curve Capital Lc has invested 13.33% in Meta Financial Group Inc (NASDAQ:CASH). Nationwide Fund Advsrs reported 29,635 shares stake. Moreover, Ascend Ltd Llc has 0.23% invested in Meta Financial Group Inc (NASDAQ:CASH). Css Ltd Liability Corporation Il, Illinois-based fund reported 4,309 shares. 2,150 were accumulated by Sg Americas Securities Ltd Liability Company. Wetherby Asset Mngmt invested 0.02% of its portfolio in Meta Financial Group Inc (NASDAQ:CASH). Lsv Asset Mgmt holds 0% or 14,100 shares. Northpointe Capital Ltd Liability Company reported 36,375 shares or 0.3% of all its holdings. Bancorporation Of Mellon invested 0% in Meta Financial Group Inc (NASDAQ:CASH). State Common Retirement Fund reported 10,300 shares. Citigroup invested in 11,863 shares or 0% of the stock.

Since August 8, 2017, it had 0 buys, and 1 sale for $365,349 activity.

Meta Financial Group Inc (NASDAQ:CASH) Ratings Coverage

Among 4 analysts covering Meta Financial Group (NASDAQ:CASH), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Meta Financial Group has $130 highest and $55 lowest target. $108’s average target is 3.00% above currents $104.85 stock price. Meta Financial Group had 15 analyst reports since October 13, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Thursday, April 7 by Wood. The rating was upgraded by Sandler O’Neill to “Buy” on Tuesday, October 13. The stock has “Buy” rating by FBR Capital on Wednesday, January 10. FBR Capital initiated the stock with “Outperform” rating in Tuesday, January 10 report. The company was maintained on Tuesday, October 3 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Thursday, November 16 by FBR Capital. The stock of Meta Financial Group Inc (NASDAQ:CASH) has “Buy” rating given on Monday, June 26 by Keefe Bruyette & Woods. The stock has “Buy” rating by FBR Capital on Tuesday, October 31. The company was maintained on Monday, August 15 by Wood. Keefe Bruyette & Woods maintained Meta Financial Group Inc (NASDAQ:CASH) rating on Tuesday, October 10. Keefe Bruyette & Woods has “Buy” rating and $88.0 target.

The stock increased 1.90% or $1.95 during the last trading session, reaching $104.85. About 55,402 shares traded. Meta Financial Group Inc (NASDAQ:CASH) has risen 72.00% since January 21, 2017 and is uptrending. It has outperformed by 55.30% the S&P500.

Analysts await Meta Financial Group Inc (NASDAQ:CASH) to report earnings on January, 29. They expect $0.59 earnings per share, up 3.51 % or $0.02 from last year’s $0.57 per share. CASH’s profit will be $5.71 million for 44.43 P/E if the $0.59 EPS becomes a reality. After $1.08 actual earnings per share reported by Meta Financial Group Inc for the previous quarter, Wall Street now forecasts -45.37 % negative EPS growth.

Meta Financial Group, Inc. operates as the holding firm for MetaBank that offers various banking services and products to individuals, small businesses, financial institutions, and other businesses. The company has market cap of $1.01 billion. It provides various deposit products, such as statement savings accounts, money market savings accounts, and NOW and regular checking accounts, as well as deposits related to prepaid cards, which primarily include checking accounts and certificate accounts. It has a 21.71 P/E ratio. The companyÂ’s loan portfolio comprises one-to-four family residential mortgage, commercial and multi-family real estate, agricultural activities and real estate, construction, consumer, commercial operating, and premium finance loans.

More notable recent Meta Financial Group Inc (NASDAQ:CASH) news were published by: Globenewswire.com which released: “Meta Financial Group, Inc.® to Announce Fiscal 2018 First Quarter Earnings and …” on January 16, 2018, also Globenewswire.com with their article: “Meta Financial Group, Inc.® Announces Sheree Thornsberry as Head of Payments” published on September 25, 2017, Globenewswire.com published: “Meta Financial Group, Inc.® Announces Shelly Schneekloth as Head of Tech & Ops” on November 13, 2017. More interesting news about Meta Financial Group Inc (NASDAQ:CASH) were released by: Prnewswire.com and their article: “Meta Financial Group, Inc.® Announces Agreement to Acquire Crestmark Bancorp, Inc.” published on January 09, 2018 as well as Globenewswire.com‘s news article titled: “Meta Financial Group, Inc.® Announces Fourth Quarter Fiscal Year 2017 Earnings …” with publication date: September 28, 2017.

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