Shares of Meta Financial Group Inc. (NASDAQ:CASH) have been given an average recommendation of “Buy” by the seven ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $116.60.
CASH has been the topic of several recent analyst reports. Zacks Investment Research lowered Meta Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 15th. B. Riley set a $100.00 target price on Meta Financial Group and gave the stock a “buy” rating in a report on Thursday, November 16th. BidaskClub lowered Meta Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Lake Street Capital started coverage on Meta Financial Group in a report on Monday, January 8th. They set a “buy” rating and a $120.00 target price on the stock. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $125.00 target price on shares of Meta Financial Group in a report on Thursday, January 11th.
Meta Financial Group (NASDAQ CASH) traded up $0.90 during trading hours on Tuesday, hitting $113.20. The company’s stock had a trading volume of 7,778 shares, compared to its average volume of 69,027. The firm has a market cap of $1,100.00, a price-to-earnings ratio of 20.59 and a beta of 1.19. Meta Financial Group has a 52-week low of $60.70 and a 52-week high of $117.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.58 and a quick ratio of 0.58.
Meta Financial Group (NASDAQ:CASH) last posted its quarterly earnings results on Tuesday, January 30th. The savings and loans company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.25. The firm had revenue of $58.46 million for the quarter, compared to analyst estimates of $54.47 million. Meta Financial Group had a return on equity of 16.05% and a net margin of 16.20%. equities research analysts forecast that Meta Financial Group will post 7.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 12th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Friday, March 9th. Meta Financial Group’s dividend payout ratio is 9.42%.
Large investors have recently added to or reduced their stakes in the company. Malaga Cove Capital LLC bought a new stake in shares of Meta Financial Group during the 3rd quarter valued at $111,000. Teachers Retirement System of The State of Kentucky bought a new position in Meta Financial Group in the third quarter valued at about $165,000. SG Americas Securities LLC raised its position in Meta Financial Group by 70.9% in the third quarter. SG Americas Securities LLC now owns 2,150 shares of the savings and loans company’s stock valued at $169,000 after purchasing an additional 892 shares during the last quarter. OppenheimerFunds Inc. acquired a new stake in shares of Meta Financial Group in the fourth quarter valued at about $206,000. Finally, Parametric Portfolio Associates LLC acquired a new stake in shares of Meta Financial Group in the second quarter valued at about $258,000. Hedge funds and other institutional investors own 78.90% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This report was originally published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this report on another publication, it was stolen and republished in violation of United States & international copyright & trademark laws. The original version of this report can be viewed at https://www.thelincolnianonline.com/2018/03/17/meta-financial-group-inc-cash-receives-116-60-average-price-target-from-analysts.html.
Meta Financial Group Company Profile
Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. 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 company providing services on a nationwide basis.
Receive News & Ratings for Meta Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.