Short Interest Coverage: Meta Financial Group Incorporated (NASDAQ:CASH)’s Trend Up, Especially After Decreased Shorts

November 28, 2016 - By Hazel Jackson   ·   0 Comments

Short Interest Coverage: Meta Financial Group Incorporated (NASDAQ:CASH)’s Trend Up, Especially After Decreased Shorts

The stock of Meta Financial Group Incorporated (NASDAQ:CASH) registered a decrease of 2.08% in short interest. CASH’s total short interest was 268,900 shares in November as published by FINRA. Its down 2.08% from 274,600 shares, reported previously. With 54,700 shares average volume, it will take short sellers 5 days to cover their CASH’s short positions. The short interest to Meta Financial Group Incorporated’s float is 3.51%. About 26,125 shares traded hands. Meta Financial Group Inc. (NASDAQ:CASH) has risen 106.35% since April 25, 2016 and is uptrending. It has outperformed by 100.34% the S&P500.

Meta Financial Group, Inc. is a unitary savings and loan holding company. The company has a market cap of $804.63 million. The Firm operates through its banking subsidiary, MetaBank. It has a 24.2 P/E ratio. 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 firm providing services on a nationwide basis.

Insitutional Activity: The institutional sentiment decreased to 2.52 in Q2 2016. Its down 0.44, from 2.96 in 2016Q1. The ratio fall, as 3 funds sold all Meta Financial Group Inc. shares owned while 20 reduced positions. 27 funds bought stakes while 41 increased positions. They now own 5.74 million shares or 9.81% more from 5.22 million shares in 2016Q1.
The New York-based Morgan Stanley has invested 0% in Meta Financial Group Inc. (NASDAQ:CASH). Polar Capital Limited Liability Partnership accumulated 0.01% or 11,773 shares. Geode Cap Mgmt Limited Co has 0% invested in the company for 50,132 shares. Pacific Ridge Capital Prtn Limited Liability Com has 1.18% invested in the company for 51,000 shares. Chicago Equity Prtnrs Lc accumulated 0.02% or 11,990 shares. The Switzerland-based Credit Suisse Ag has invested 0% in Meta Financial Group Inc. (NASDAQ:CASH). Voya Invest Mngmt Limited Liability Corporation last reported 0% of its portfolio in the stock. Consector L P owns 79,094 shares or 9.41% of their US portfolio. Coe Cap Limited Co holds 14,317 shares or 0% of its portfolio. Emerald Mutual Fund Advisers Tru last reported 0.35% of its portfolio in the stock. Susquehanna Intl Gp Ltd Liability Partnership has invested 0% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH). Qs Invsts Limited Company holds 8 shares or 0% of its portfolio. Moreover, Rhumbline Advisers has 0% invested in Meta Financial Group Inc. (NASDAQ:CASH) for 9,198 shares. The Connecticut-based Aqr Cap Management Limited Co has invested 0% in Meta Financial Group Inc. (NASDAQ:CASH). Tower Rech Ltd Llc (Trc) accumulated 0% or 23 shares.

Meta Financial Group Inc. (NASDAQ:CASH) Ratings Coverage

Out of 2 analysts covering Meta Financial Group (NASDAQ:CASH), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Meta Financial Group has been the topic of 3 analyst reports since October 13, 2015 according to StockzIntelligence Inc. Wood initiated Meta Financial Group Inc. (NASDAQ:CASH) rating on Thursday, April 7. Wood has “Outperform” rating and $55 price target. The firm has “Outperform” rating by Wood given on Monday, August 15. The stock of Meta Financial Group Inc. (NASDAQ:CASH) has “Buy” rating given on Tuesday, October 13 by Sandler O’Neill.

CASH Company Profile

Meta Financial Group, Inc., incorporated on June 14, 1993, is a unitary savings and loan holding company. The Firm operates through its banking subsidiary, MetaBank (the Bank). 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 firm providing services on a nationwide basis. The Company’s divisions include Retail Banking and Meta Payment Systems (MPS). The Retail Banking segment includes AFS/IBEX Financial Services Inc. (AFS/IBEX). It operates as a traditional community bank providing deposit, loan and other related products to individuals and small businesses, primarily in the communities where its offices are located. MPS provides a range of services and products to financial institutions and other businesses, including issuance of prepaid debit cards, sponsorship of automated teller machines (ATM) into the debit networks, credit programs, automated clearing house (ACH) origination services, gift card programs, rebate programs, travel programs and tax-related programs and services. The Bank operates approximately 10 full-service branch banking offices in four market areas in Iowa and South Dakota: Northwest Iowa, Brookings, Central Iowa and Sioux Empire, one non-retail service branch in Memphis, Tennessee, and three non-branch offices located in Texas, California and Kentucky related to the Bank’s AFS/IBEX and Refund Advantage operations.

More recent Meta Financial Group Inc. (NASDAQ:CASH) news were published by: Marketwatch.com which released: “Meta Financial Group Inc.” on October 21, 2010. Also Globenewswire.com published the news titled: “Meta Financial Group, Inc.® Reports Results for 2016 Fiscal Fourth Quarter and …” on October 25, 2016. Globenewswire.com‘s news article titled: “Meta Financial Group, Inc.® Announces Pricing of $75 Million Subordinated Notes” with publication date: August 11, 2016 was also an interesting one.

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By Hazel Jackson


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