ValuEngine lowered shares of Meta Financial Group Inc. (NASDAQ:CASH) from a strong-buy rating to a buy rating in a research note released on Thursday morning.

A number of other brokerages have also recently issued reports on CASH. FBR & Co cut Meta Financial Group from an outperform rating to a market perform rating and set a $95.00 price objective on the stock. in a report on Friday, July 28th. Keefe, Bruyette & Woods reissued a buy rating and set a $121.00 price objective on shares of Meta Financial Group in a report on Thursday, July 27th. BidaskClub raised Meta Financial Group from a hold rating to a buy rating in a report on Thursday, July 6th. Finally, Zacks Investment Research raised Meta Financial Group from a hold rating to a buy rating and set a $97.00 price objective on the stock in a report on Tuesday, June 27th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Meta Financial Group has a consensus rating of Hold and a consensus target price of $104.33.

Shares of Meta Financial Group (NASDAQ CASH) traded up 0.43% during midday trading on Thursday, reaching $69.40. 21,441 shares of the company’s stock traded hands. The stock has a market cap of $648.82 million, a price-to-earnings ratio of 12.79 and a beta of 0.89. The stock has a 50 day moving average of $80.25 and a 200-day moving average of $85.53. Meta Financial Group has a 52-week low of $59.42 and a 52-week high of $106.90.

COPYRIGHT VIOLATION NOTICE: “Meta Financial Group Inc. (CASH) Downgraded by ValuEngine to Buy” was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.thecerbatgem.com/2017/08/25/meta-financial-group-inc-cash-downgraded-by-valuengine-to-buy.html.

In other Meta Financial Group news, Director Douglas J. Hajek sold 440 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $90.31, for a total value of $39,736.40. Following the transaction, the director now directly owns 2,867 shares in the company, valued at approximately $258,918.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman J Tyler Haahr sold 5,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $73.07, for a total value of $365,350.00. The disclosure for this sale can be found here. Insiders sold a total of 15,440 shares of company stock worth $1,289,336 over the last 90 days. Corporate insiders own 6.06% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. 1st Global Advisors Inc. raised its position in shares of Meta Financial Group by 1.3% in the second quarter. 1st Global Advisors Inc. now owns 2,461 shares of the savings and loans company’s stock worth $219,000 after buying an additional 32 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Meta Financial Group by 1.4% in the first quarter. Wells Fargo & Company MN now owns 5,531 shares of the savings and loans company’s stock worth $490,000 after buying an additional 78 shares in the last quarter. Legal & General Group Plc raised its position in shares of Meta Financial Group by 6.6% in the second quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock worth $186,000 after buying an additional 130 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Meta Financial Group by 0.4% in the first quarter. AQR Capital Management LLC now owns 32,982 shares of the savings and loans company’s stock worth $2,919,000 after buying an additional 135 shares in the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Meta Financial Group by 2.1% in the first quarter. Teachers Advisors LLC now owns 14,134 shares of the savings and loans company’s stock worth $1,251,000 after buying an additional 297 shares in the last quarter. Institutional investors and hedge funds own 76.05% of the company’s stock.

Meta Financial Group Company Profile

Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. 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 company providing services on a nationwide basis.

Receive News & Stock Ratings for Meta Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Financial Group Inc. and related stocks with our FREE daily email newsletter.