NEW YORK ( TheStreet) -- Shares of Meta Financial Group (Nasdaq: CASH) have taken a tremendous swing upward. The stock is trading at $18.10 as of 3:38 p.m. ET, 20.7% above Thursday's closing price of $15. Volume is at 17,968, 3.7 times the daily average of 4,900.

Meta Financial Group has a market cap of $46.8 million and is part of the financial sector and banking industry. Shares are up 8.9% year to date as of the close of trading on Thursday.

Meta Financial Group, Inc. operates as the holding company for MetaBank and Meta Trust Company that provide various financial services. The company has a P/E ratio of 5.1, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Meta Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Meta Financial Group Ratings Report.

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