Analysts expect Meta Financial Group Inc. (NASDAQ:CASH) to post earnings per share (EPS) of $0.52 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Meta Financial Group’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.56. Meta Financial Group reported earnings per share of $0.39 during the same quarter last year, which would suggest a positive year-over-year growth rate of 33.3%. The firm is scheduled to report its next earnings report on Monday, January 27th.
On average, analysts expect that Meta Financial Group will report full year earnings of $3.44 per share for the current year, with EPS estimates ranging from $3.40 to $3.47. For the next financial year, analysts expect that the firm will post earnings of $3.99 per share, with EPS estimates ranging from $3.93 to $4.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Meta Financial Group.
Meta Financial Group (NASDAQ:CASH) last issued its earnings results on Thursday, October 24th. The savings and loans company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Meta Financial Group had a return on equity of 12.70% and a net margin of 17.69%. The business had revenue of $101.60 million during the quarter, compared to analyst estimates of $103.94 million.
A number of analysts recently commented on CASH shares. B. Riley reaffirmed a “buy” rating and issued a $40.00 target price on shares of Meta Financial Group in a research report on Thursday, November 21st. BidaskClub lowered Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 30th. Zacks Investment Research raised Meta Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods set a $39.00 price target on Meta Financial Group and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, Raymond James lifted their price target on Meta Financial Group from $38.00 to $41.00 and gave the company a “strong-buy” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $40.00.
In other Meta Financial Group news, insider Michael K. Goik sold 13,872 shares of Meta Financial Group stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $32.30, for a total transaction of $448,065.60. Following the completion of the transaction, the insider now owns 171,535 shares in the company, valued at approximately $5,540,580.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 7.69% of the stock is currently owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC purchased a new position in shares of Meta Financial Group in the 2nd quarter worth approximately $115,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Meta Financial Group in the 2nd quarter worth approximately $590,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Meta Financial Group by 99.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,862 shares of the savings and loans company’s stock worth $80,000 after buying an additional 1,427 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Meta Financial Group by 275.1% in the 2nd quarter. First Trust Advisors LP now owns 126,842 shares of the savings and loans company’s stock worth $3,558,000 after buying an additional 93,023 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of Meta Financial Group by 342.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 35,540 shares of the savings and loans company’s stock worth $998,000 after buying an additional 27,510 shares during the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.
Meta Financial Group stock traded down $0.16 during midday trading on Thursday, reaching $34.82. The stock had a trading volume of 142,100 shares, compared to its average volume of 290,669. Meta Financial Group has a 12 month low of $17.84 and a 12 month high of $36.06. The company has a market capitalization of $1.33 billion, a P/E ratio of 13.09 and a beta of 1.30. The company has a fifty day moving average price of $33.72 and a two-hundred day moving average price of $30.86. The company has a current ratio of 0.77, a quick ratio of 0.74 and a debt-to-equity ratio of 0.26.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.57%. Meta Financial Group’s dividend payout ratio (DPR) is currently 7.52%.
Meta Financial Group Company Profile
Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services in the United States. The company accepts various deposit products, including statement savings accounts, money market savings accounts, negotiable order of withdrawal accounts, and checking accounts; and deposits related to prepaid cards, which primarily comprise checking accounts and certificate accounts.
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