On Jan. 06, Pharr Brett L. divested U.S. $96,024 in shares of Meta Financial Group Inc.. The Co-Pres, Chief Oper Off of MB sold 2,400 shares at a price per share of $40.01. The transaction decreased this specific insider’s holdings to 24,563 shares worth around $0.97 million at present.
Keefe Bruyette took its Meta Financial Group Inc. [CASH] rating to the equivalent of an Outperform from a Mkt perform, and the price target to $33 from $28, in a research note dated October 29, 2020. That figure represents around a -19.12% premium from where the company’s shares closed on Thursday. Other analysts also revised their coverage, with Keefe Bruyette’s analysts upgrading the shares from “a Mkt perform” rating to “an Outperform” rating in a research note to investors issued in late October. Meanwhile, B. Riley FBR had maintained its rating on CASH to the earlier “Buy” rating, in a research note produced for clients August 23, 2019. In addition, there was an upgrade from B. Riley FBR on April 26, 2019. The rater changed CASH from “a Neutral” to “a Buy”.
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Is Meta Financial Group Inc. [NASDAQ:CASH] a Good Buy Right Now?
It should be noted that CASH technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Meta Financial Group Inc.’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 0.33 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.31 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.26 million shares.
CASH Price Performance
On Wall Street, Meta Financial Group Inc. [NASDAQ:CASH] finished Thursday’s session down -2.53% at $39.31. The stock went up to $41.00 at the same session while its lowest single day price was $39.28. In the last five days, it saw a rise of about 8.65%, Meta Financial Group Inc. shares gained by almost 7.52% since the beginning of the year. However, the share price has dropped to as low as -3.72% below its one year high. On 01/07/21, the company shares recorded $41.00, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $35.65. The company’s shares have inclined by 3.50% in the past year. The 50-day SMA achieved is $33.90 while the 200-day SMA is $22.61. Volume dropped to 0.35 million from 0.85 million in the previous session.
Meta Financial Group Inc. [CASH] Valuation Measures
Notably, Meta Financial Group Inc. [CASH] stock cannot be classified as a good candidate in the listing of underestimated low-priced Banks – Regional companies to purchase soonest possible with the prevailing 12-month PE ratio of 13.45. The measure means the stock is exchanging at a premium as compared to the 11.84x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 4.44 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.44 which means CASH serve an unattractive investment opportunity compared to its competitors.
CASH Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 38.73 level, and in case of violation of this particular level, it will cause more drop to 38.14 level. On the upper level, 41.58 is still the key resistance. The stock may increase to the subsequent resistance at 40.45. The Relative Strength Index (RSI) pinned on the 14-day chart is 69.50, implying a neutral technical stance while the MACD stands at 2.08, meaning price will increase in the next trading period. Percent R indicator moved to 20.63%, implying bullish price movement. Stochastic %K at 85.16% suggest selling the stock.
What is the short interest in Meta Financial Group Inc.?
Short interest in the Meta Financial Group Inc. stock has surged, increasing by 0.18 million shares to total 0.63 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.81 million, data from Yahoo Finance shows. The decrease of -28.04% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 2.34% of the overall float for the stock.
Meta Financial Group Inc.’s Biggest Shareholders: Who Owns Meta Financial Group Inc. [CASH]?
Filings by BlackRock Fund Advisors showed that the firm now holds a total of 4,590,376 shares or roughly 13.36% of the outstanding CASH shares. This means their shares have increased by 169,762 from the 4,590,376 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, The Vanguard Group, Inc. updated stake is worth $65,093,335. Details in the latest 13F filings reveal that Nantahala Capital Management LLC disposed off their 0.00% stake valued at $59,570,964 while Dimensional Fund Advisors LP cut theirs at $57,408,806. During the last quarter, Nantahala Capital Management LLC liquidated 0 of its shares in Meta Financial Group Inc. while Dimensional Fund Advisors LP sold -47,471 shares. The Goldman Sachs & Co. LLC’s holdings currently number 1,460,270 shares at $57403213.7. According to the firm’s last 13F report, SSgA Funds Management, Inc. shares in the company at filing stood at 1,009,797 shares, roughly $33,424,281.
CASH Earnings Forecast For The Current Quarter
Meta Financial Group Inc. [CASH] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $106.4M and an earnings per share of $0.55 for Dec 2020. Looking further ahead, the company is expected to report revenue of $191.86M at an EPS of $1.48 for Mar 2021. The estimates represent 3.50% and 28.57% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
CASH Earnings Estimates For The Current Year
For the financial year, Meta Financial Group Inc. [NASDAQ:CASH] is expected to bring in revenue of $515.36M. The returns are nearly $16.53 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 3.14, higher than that of FY20 by $0.2. Estimates put this year’s earnings growth at 6.80%, 28.70% for the next. As for sales, forecasts are for an increase of 3.30% in the current fiscal year and a further 3.50% over the following year.
What are analyst thoughts on Meta Financial Group Inc.?
Looking forward to the Meta Financial Group Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Meta Financial Group Inc. stock at $41.00 within the next 12 months, which represents almost 4.12 per cent growth from its previous closing price of $39.31. The highest analysts’ target for Meta Financial Group Inc. stock projections is $46.00 and the lowest one is $39.00. Still, 4 analysts sharing their consensus rating for CASH stock in 2021 agree that it is a Buy.