Wall Street analysts expect Meta Financial Group, Inc. (NASDAQ:CASH) to post earnings of $1.96 per share for the current quarter, according to Zacks Investment Research. Three analysts have made earnings estimates for Meta Financial Group, with the lowest EPS estimate of $1.93 and the highest estimate of $1.98. Meta Financial Group posted earnings of $1.84 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 6.5%. The company is due to announce its next earnings report on Tuesday, April 26.
According to Zacks, analysts expect Meta Financial Group to report annual earnings of $5.85 per share for the current fiscal year, with EPS estimates ranging from $5.75 to $5.94. For the next fiscal year, analysts expect the company to post earnings of $6.07 per share, with EPS estimates ranging from $6.05 to $6.10. Zacks earnings per share averages are an average based on a survey of sell-side research firms that cover Meta Financial Group.
Meta Financial Group (NASDAQ:CASH) last reported quarterly earnings data on Tuesday, January 25. The savings and loan company reported earnings per share (EPS) of $2.00 for the quarter, beating the Zacks consensus estimate of $0.77 by $1.23. Meta Financial Group achieved a net margin of 28.68% and a return on equity of 15.89%. In the same period a year earlier, the company earned earnings per share of $0.84.
Several research companies have recently published reports on CASH. Raymond James raised his price target on Meta Financial Group shares from $63.00 to $70.00 and gave the stock a “Strong Buy” rating in a Thursday, October 28 report. Zacks Investment Research moved shares of Meta Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 11. Finally, B. Riley raised his price target on Meta Financial Group shares from $68.00 to $70.00 in a Wednesday, January 12 report.
CASH stock opened at $59.60 on Wednesday. Meta Financial Group has a 52 week low of $42.00 and a 52 week high of $65.96. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt ratio of 0.11. The company has a fifty-day simple moving average of $58.95 and a two-hundred-day simple moving average of $56.35. The company has a market capitalization of $1.79 billion, a P/E ratio of 10.74 and a beta of 0.84.
The company also recently announced a quarterly dividend, which was paid on Monday, January 3. Shareholders of record on Thursday, December 9 received a dividend of $0.05 per share. This represents a dividend of $0.20 on an annualized basis and a dividend yield of 0.34%. The ex-dividend date was Wednesday, December 8. Meta Financial Group’s payout ratio is 3.60%.
In other news, Director Elizabeth G. Hoople sold 7,250 shares in a trade that took place on Monday, December 13. The stock was sold at an average price of $57.18, for a total value of $414,555.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, Executive Vice President Sonja Anne Theisen sold 1,066 shares in a trade that took place on Friday, January 14. The shares were sold at an average price of $62.00, for a total value of $66,092.00. The disclosure of this sale can be found here. In the past three months, insiders have sold 25,761 shares of the company worth $1,521,592. Company insiders hold 2.00% of the company’s shares.
Institutional investors have recently been buying and selling shares of the stock. Bank of America Corp DE increased its stake in shares of Meta Financial Group by 54.1% in the 4th quarter. Bank of America Corp DE now owns 112,135 shares of the savings and loan company valued at $6,689,000 after buying an additional 39,364 shares last quarter. Raymond James & Associates increased its stake in Meta Financial Group by 35.0% during the 4th quarter. Raymond James & Associates now owns 40,084 shares of the savings and loan company worth $2,392,000 after buying an additional 10,402 shares in the last quarter. ProShare Advisors LLC increased its stake in Meta Financial Group by 62.0% during the 4th quarter. ProShare Advisors LLC now owns 7,865 shares of the savings and loan company worth $469,000 after buying 3,010 additional shares in the last quarter. American Century Companies Inc. increased its holdings of Meta Financial Group shares by 30.7% in the fourth quarter. American Century Companies Inc. now owns 82,995 shares of the savings and loan company valued at $4,951,000 after acquiring 19,496 additional shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its holdings of Meta Financial Group shares by 445.1% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 50,200 shares of the savings and loan company valued at $2,995,000 after acquiring 40,990 additional shares in the last quarter. Hedge funds and other institutional investors own 83.91% of the company’s shares.
About Meta Financial Group
Meta Financial Group, Inc operates as a financial holding company, which provides savings and loan services. The Company operates through the following business segments: Consumer, Commercial & Enterprise Services and Other. The Consumer segment provides meta-payment systems (MPS), consumer credit products, warehouse finance and other tax services.
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