NEW YORK ( TheStreet) -- Shares of Meta Financial Group (Nasdaq: CASH) have taken a tremendous swing upward. The stock is trading at $17.80 as of 11:51 a.m. ET, 22.2% above Thursday's closing price of $14.57. Volume is at 19,227, 3.4 times the daily average of 5,600. Meta Financial Group has a market cap of $43.5 million and is part of the financial sector and banking industry. Shares are up 5.7% year to date as of the close of trading on Thursday. Meta Financial Group, Inc. operates as the holding company for MetaBank, which offers various banking products and services in northwest Iowa, Brookings, central Iowa, and Sioux Empire markets. The company has a P/E ratio of 4.7, 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 weak operating cash flow, a generally disappointing performance in the stock itself and unimpressive growth in net income. You can view the full Meta Financial Group Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.