What’s Meta Financial Group Incorporated (NASDAQ:CASH) Upside After This Short Interest Decrease?

September 17, 2017 - By Adrian Erickson

 What's Meta Financial Group Incorporated (NASDAQ:CASH) Upside After This Short Interest Decrease?

Investors sentiment decreased to 1.93 in Q4 2016. Its down 0.59, from 2.52 in 2016Q3. It dropped, as 10 investors sold Meta Financial Group Inc. shares while 36 reduced holdings. 40 funds opened positions while 49 raised stakes. 6.29 million shares or 5.28% more from 5.98 million shares in 2016Q3 were reported.
Blackrock Institutional Trust Company Na has invested 0% in Meta Financial Group Inc. (NASDAQ:CASH). Ashford Capital Management invested in 7.53% or 363,595 shares. Swiss Bancshares reported 13,300 shares stake. Ajo L P invested 0.02% of its portfolio in Meta Financial Group Inc. (NASDAQ:CASH). Magee Thomson Invest Prns Limited Liability Corp stated it has 13 shares. Quantbot Lp owns 564 shares. 44 are owned by Ftb Advsr Inc. Qs Investors Ltd Company holds 0% or 1,208 shares in its portfolio. American Century Incorporated holds 35,703 shares. Globeflex Cap Lp, a California-based fund reported 4,952 shares. Secor Capital Advisors L P has invested 0.17% in Meta Financial Group Inc. (NASDAQ:CASH). Great West Life Assurance Can, a Manitoba – Canada-based fund reported 900 shares. Tiaa Cref Investment Management Limited Liability Corp has invested 0% in Meta Financial Group Inc. (NASDAQ:CASH). 155,125 were reported by State Street Corp. California Employees Retirement Sys invested in 0% or 18,310 shares.

Since April 5, 2017, it had 1 insider purchase, and 4 insider sales for $1.26 million activity. 5,000 shares were sold by HAAHR J TYLER, worth $434,292 on Wednesday, April 5. Shares for $83,630 were bought by Hoople Elizabeth G.. $39,735 worth of Meta Financial Group Inc. (NASDAQ:CASH) was sold by Hajek Douglas J..

The stock of Meta Financial Group Incorporated (NASDAQ:CASH) registered a decrease of 12.93% in short interest. CASH’s total short interest was 195,200 shares in September as published by FINRA. Its down 12.93% from 224,200 shares, reported previously. With 55,000 shares average volume, it will take short sellers 4 days to cover their CASH’s short positions. The short interest to Meta Financial Group Incorporated’s float is 2.23%.

The stock decreased 2.01% or $1.55 on September 15, reaching $75.45. About 1.32 million shares traded or 823.28% up from the average. Meta Financial Group Inc. (NASDAQ:CASH) has risen 72.00% since September 17, 2016 and is uptrending. It has outperformed by 55.30% the S&P500.

Meta Financial Group, Inc. is a unitary savings and loan holding company. The company has market cap of $705.46 million. The Firm operates through its banking subsidiary, MetaBank . It has a 14.19 P/E ratio. The Company’s divisions include Payments, Banking, and Corporate Services/Other.

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

Among 4 analysts covering Meta Financial Group (NASDAQ:CASH), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Meta Financial Group had 7 analyst reports since October 13, 2015 according to SRatingsIntel. The firm has “Buy” rating by FBR Capital given on Thursday, June 1. As per Friday, July 28, the company rating was downgraded by FBR Capital. The rating was initiated by Wood with “Outperform” on Thursday, April 7. FBR Capital initiated Meta Financial Group Inc. (NASDAQ:CASH) rating on Tuesday, January 10. FBR Capital has “Outperform” rating and $130 target. As per Monday, August 15, the company rating was maintained by Wood. The firm has “Buy” rating by Sandler O’Neill given on Tuesday, October 13. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Monday, June 26 report.

More important recent Meta Financial Group Inc. (NASDAQ:CASH) news were published by: Globenewswire.com which released: “Meta Financial Group, Inc. ® Joins S&P SmallCap 600” on September 11, 2017, also Globenewswire.com published article titled: “Meta Financial Group, Inc.® Reports Results for Second Quarter of Fiscal 2017”, Nasdaq.com published: “Meta Financial Group, Inc. (CASH) Ex-Dividend Date Scheduled for September 07 …” on September 06, 2017. More interesting news about Meta Financial Group Inc. (NASDAQ:CASH) was released by: Globenewswire.com and their article: “Meta Financial Group, Inc.® Reports Results for First Quarter of Fiscal 2017” with publication date: January 30, 2017.

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