Meta Financial Group Inc. (CASH) Receives $116.60 Average Price Target from Analysts

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, 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.

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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.

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