B. Riley FBR Lowers their Rating for Shares of Meta Financial (NASDAQ:CASH). Are Other Analysts Next?

July 27, 2018 - By Ash Maslow

Investors sentiment increased to 1.55 in Q1 2018. Its up 0.39, from 1.16 in 2017Q4. It improved, as 11 investors sold Meta Financial Group, Inc. shares while 40 reduced holdings. 26 funds opened positions while 53 raised stakes. 7.27 million shares or 1.00% more from 7.20 million shares in 2017Q4 were reported.

Rhumbline Advisers holds 21,447 shares. Morgan Stanley stated it has 0% of its portfolio in Meta Financial Group, Inc. (NASDAQ:CASH). Wetherby Asset Management reported 0.01% stake. Pub Sector Pension Investment Board holds 0% or 5,900 shares. Sei Invests reported 0% in Meta Financial Group, Inc. (NASDAQ:CASH). Credit Agricole S A invested in 18,520 shares. Bridgeway Capital owns 36,555 shares for 0.04% of their portfolio. Blackrock invested in 0.01% or 1.24M shares. Second Curve Cap Ltd Com accumulated 293,132 shares. Schwab Charles Mgmt Inc holds 0% of its portfolio in Meta Financial Group, Inc. (NASDAQ:CASH) for 45,661 shares. Thrivent For Lutherans holds 0% in Meta Financial Group, Inc. (NASDAQ:CASH) or 5,852 shares. Smith Asset Mgmt Grp Inc L P, a Texas-based fund reported 2,802 shares. Hennessy Incorporated holds 0.03% of its portfolio in Meta Financial Group, Inc. (NASDAQ:CASH) for 7,000 shares. Raymond James & reported 0% stake. Jacobs Levy Equity Mgmt Incorporated owns 19,217 shares.

Since May 3, 2018, it had 0 insider purchases, and 6 selling transactions for $4.47 million activity. $1.14 million worth of stock was sold by Turner Michael Brent on Friday, June 1. On Monday, May 21 the insider Moore Frederick V sold $60,720. $2.27 million worth of Meta Financial Group, Inc. (NASDAQ:CASH) was sold by Hanson Bradley C on Thursday, May 31. Another trade for 7,500 shares valued at $841,860 was sold by Herrick Glen William.

Meta Financial (NASDAQ:CASH) Receives a Downgrade

B. Riley FBR lowered shares of Meta Financial (NASDAQ:CASH) stock to a “Neutral” rating from their previous “Buy” rating. The news of this change was revealed to investors in analysts report today. The firm currently has $100 PT on the shares.

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 $133.0 highest and $123.0 lowest target. $130’s average target is 34.09% above currents $96.95 stock price. Meta Financial Group had 7 analyst reports since January 31, 2018 according to SRatingsIntel. FBR Capital maintained Meta Financial Group, Inc. (NASDAQ:CASH) on Tuesday, March 6 with “Buy” rating. On Wednesday, January 31 the stock rating was maintained by Sandler O’Neill with “Buy”. Keefe Bruyette & Woods maintained Meta Financial Group, Inc. (NASDAQ:CASH) rating on Monday, February 26. Keefe Bruyette & Woods has “Buy” rating and $133.0 target. FBR Capital maintained Meta Financial Group, Inc. (NASDAQ:CASH) rating on Thursday, June 21. FBR Capital has “Buy” rating and $132 target. The company was maintained on Wednesday, January 31 by FBR Capital. As per Wednesday, January 31, the company rating was maintained by B. Riley & Co. The firm has “Buy” rating given on Tuesday, March 20 by Sandler O’Neill.

The stock increased 1.15% or $1.1 during the last trading session, reaching $96.95. About 65,122 shares traded. Meta Financial Group, Inc. (NASDAQ:CASH) has risen 24.97% since July 27, 2017 and is uptrending. It has outperformed by 12.40% the S&P500.

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 $940.38 million. 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 19.44 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: “IT – INET Nordic Test (NTF) – Disturbance INET Test Systems” on July 02, 2018, also Globenewswire.com with their article: “IT – INET Nordic – Auction Only Trading Quarterly Periodic update (45/18)” published on July 05, 2018, Nasdaq.com published: “Meta Financial Group, Inc.® to Announce Fiscal 2018 Third Quarter Earnings and Host Conference Call on July 26, 2018” on July 12, 2018. More interesting news about Meta Financial Group, Inc. (NASDAQ:CASH) were released by: Globenewswire.com and their article: “IT – INET Nordic – Regulatory suspensions related to double volume cap mechanism as of July 11, 2018 (46/18)” published on July 10, 2018 as well as Globenewswire.com‘s news article titled: “Meta Financial Group, Inc.® Announces Bank Regulatory Approvals for the Acquisition of Crestmark Bancorp, Inc.” with publication date: June 28, 2018.

Meta Financial Group, Inc. (NASDAQ:CASH) Institutional Positions Chart

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