Meta Financial Group Inc. (NASDAQ:CASH) – Equities researchers at B. Riley cut their FY2018 earnings per share (EPS) estimates for Meta Financial Group in a report issued on Tuesday, June 19th. B. Riley analyst S. Moss now forecasts that the savings and loans company will post earnings per share of $6.43 for the year, down from their previous forecast of $6.90. B. Riley currently has a “Buy” rating and a $132.00 price target on the stock. B. Riley also issued estimates for Meta Financial Group’s Q1 2019 earnings at $1.29 EPS and Q2 2019 earnings at $3.46 EPS.
Get Meta Financial Group alerts:Several other equities research analysts have also recently commented on CASH. BidaskClub raised Meta Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, March 3rd. Zacks Investment Research cut Meta Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Finally, ValuEngine cut Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Meta Financial Group has an average rating of “Hold” and a consensus price target of $118.40.
Meta Financial Group opened at $102.25 on Wednesday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.43 and a current ratio of 0.43. Meta Financial Group has a one year low of $60.70 and a one year high of $117.97. The firm has a market cap of $1.03 billion, a P/E ratio of 14.50 and a beta of 1.14.
Meta Financial Group (NASDAQ:CASH) last released its quarterly earnings data on Monday, April 30th. The savings and loans company reported $4.01 EPS for the quarter, missing the consensus estimate of $4.15 by ($0.14). Meta Financial Group had a net margin of 15.40% and a return on equity of 15.08%. The business had revenue of $124.82 million for the quarter, compared to analysts’ expectations of $136.31 million.
A number of large investors have recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky lifted its position in shares of Meta Financial Group by 42.9% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 3,000 shares of the savings and loans company’s stock valued at $278,000 after buying an additional 900 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Meta Financial Group by 12.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 60,582 shares of the savings and loans company’s stock valued at $5,613,000 after buying an additional 6,537 shares in the last quarter. BlackRock Inc. lifted its position in shares of Meta Financial Group by 4.8% during the 4th quarter. BlackRock Inc. now owns 1,203,567 shares of the savings and loans company’s stock valued at $111,512,000 after buying an additional 55,091 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Meta Financial Group during the 4th quarter valued at about $282,000. Finally, Basswood Capital Management L.L.C. purchased a new position in shares of Meta Financial Group during the 4th quarter valued at about $8,797,000. 79.05% of the stock is currently owned by institutional investors and hedge funds.
In other Meta Financial Group news, Director Frederick V. Moore sold 750 shares of the firm’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $101.30, for a total value of $75,975.00. Following the transaction, the director now directly owns 650 shares of the company’s stock, valued at $65,845. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederick V. Moore sold 550 shares of the firm’s stock in a transaction dated Monday, May 21st. The stock was sold at an average price of $110.40, for a total value of $60,720.00. Following the completion of the transaction, the director now directly owns 100 shares in the company, valued at $11,040. The disclosure for this sale can be found here. Insiders sold 18,800 shares of company stock worth $2,119,370 over the last three months. Insiders own 5.40% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Shareholders of record on Monday, June 11th will be given a $0.13 dividend. The ex-dividend date is Friday, June 8th. This represents a $0.52 annualized dividend and a yield of 0.51%. Meta Financial Group’s payout ratio is 7.38%.
Meta Financial Group Company Profile
Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services to individuals, small businesses, financial institutions, and other businesses. It provides various deposit products, such as statement savings accounts, money market savings accounts, and NOW and regular checking accounts, as well as deposits related to prepaid cards, which primarily include checking accounts and certificate accounts.
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