Meta Financial Group (NASDAQ: CASH) sees significant increase in volume when analysts upgrade

Meta Financial Group, Inc. (NASDAQ: CASH) reported unusually high trading volume on Friday after B. Riley raised his share price target from $ 65.00 to $ 68.00. B. Riley currently has a buy rating on the stock. About 23,036 shares traded during trading, an 89% drop from the volume of 207,499 shares in the previous session. The stock last traded at $ 55.20 and closed at $ 55.09.

Other research analysts have also published research reports on the company. Zacks investment research upgraded Meta Financial Group from a “hold” rating to a “buy” rating and set a price target of $ 56.00 on the stock in a research report released on Friday, July 30. Piper Sandler raised her target price on Meta Financial Group from $ 55.00 to $ 60.00 and rated the company as “overweight” in a report released Thursday, July 29. Finally, Raymond James raised his price target on Meta Financial Group from $ 63.00 to $ 70.00 and gave the company a “strong buy” rating in a report released Thursday. Four investment analysts rated the stock with a buy rating and one gave the stock a high buy rating. According to data from, the stock currently has a consensus rating of “Buy” and a consensus price target of $ 57.40.

In other news from Meta Financial Group, EVP Anthony M. Sharett sold 589 shares of the company in a trade on Thursday, September 23. The stock was sold for an average price of $ 51.69, for a total trade of $ 30,445.41. The transaction was disclosed in a file with the SEC, which can be accessed through this hyperlink. 2.40% of the shares are currently held by insiders.

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This could be the most underrated stock available. Look at it closely.

A number of large investors have recently changed their positions in CASH. FMR LLC increased its stake in Meta Financial Group shares by 80.4% in the second quarter. FMR LLC now owns 2,438,895 shares of the savings and loan company valued at $ 123,482,000 after purchasing an additional 1,086,884 shares in the last quarter. Vanguard Group Inc. increased its holdings in Meta Financial Group by 1.6% in the second quarter. Vanguard Group Inc. now owns 2,079,713 shares of the savings and loan company valued at $ 105,296,000 after purchasing an additional 33,087 shares in the last quarter. Nantahala Capital Management LLC increased its stake in Meta Financial Group by 8.7% in the second quarter. Nantahala Capital Management LLC now owns 1,073,936 shares of the savings and loan company valued at $ 54,373,000 after purchasing an additional 86,152 shares in the last quarter. State Street Corp increased its stake in Meta Financial Group shares by 2.9% in the second quarter. State Street Corp now owns 1,026,753 shares of the savings and loan company valued at $ 52,037,000 after purchasing an additional 28,912 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Meta Financial Group shares by 3.1% in the second quarter. Geode Capital Management LLC now owns 576,733 shares of the savings and loan company valued at $ 29,199,000 after purchasing an additional 17,177 shares in the last quarter. Institutional investors hold 79.69% of the shares of the company.

The company has a market cap of $ 1.76 billion, a P / E ratio of 12.90 and a beta of 0.92. The company has a quick ratio of 0.68, a current ratio of 0.70 and a debt ratio of 0.11. The company has a 50-day moving average price of $ 51.93 and a 200-day moving average price of $ 50.43.

Meta Financial Group (NASDAQ: CASH) last reported its quarterly results on Wednesday, October 27. The savings and loan company reported EPS of $ 0.50 for the quarter, missing Zacks’ consensus estimate of $ 0.81 ($ 0.31). Meta Financial Group recorded a return on equity of 16.26% and a net margin of 25.19%. During the same period last year, the company made EPS of $ 0.38. On average, research analysts expect Meta Financial Group, Inc. to post earnings per share of 4.78 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 1. Shareholders of record on Thursday, September 9, received a dividend of $ 0.05. The ex-dividend date was Wednesday, September 8. This represents an annualized dividend of $ 0.20 and a dividend yield of 0.36%. Meta Financial Group’s dividend payout ratio is currently 8.23%.

About Meta Financial Group (NASDAQ: CASH)

Meta Financial Group, Inc. operates as a financial holding company, which provides savings and loan services. The company operates in the following business segments: consumer, commercial and business services and others. The consumer segment provides meta-payment systems (MPS), consumer credit products, warehouse finance, and other tax services.

Read more: What are high yield dividend stocks?

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