Meta Financial Group Inc. to Post FY2018 Earnings of $7.03 Per Share, B. Riley Forecasts (CASH)
Meta Financial Group Inc. (NASDAQ:CASH) – Stock analysts at B. Riley upped their FY2018 earnings estimates for Meta Financial Group in a report issued on Thursday. B. Riley analyst S. Moss now anticipates that the savings and loans company will post earnings per share of $7.03 for the year, up from their prior forecast of $6.96. B. Riley currently has a “Buy” rating and a $120.00 target price on the stock.
Meta Financial Group (NASDAQ:CASH) last posted its quarterly earnings results on Monday, October 30th. The savings and loans company reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $1.38. Meta Financial Group had a net margin of 16.03% and a return on equity of 15.91%.
A number of other research firms have also commented on CASH. Zacks Investment Research upgraded shares of Meta Financial Group from a “hold” rating to a “strong-buy” rating and set a $119.00 price target for the company in a report on Friday, January 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $125.00 price target on shares of Meta Financial Group in a report on Thursday, January 11th. BidaskClub upgraded shares of Meta Financial Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 20th. Finally, Lake Street Capital assumed coverage on shares of Meta Financial Group in a report on Monday, January 8th. They issued a “buy” rating and a $120.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $115.80.
Meta Financial Group (CASH) traded up $0.10 during trading hours on Monday, reaching $103.25. 75,364 shares of the company were exchanged, compared to its average volume of 87,309. Meta Financial Group has a 52 week low of $60.70 and a 52 week high of $105.50. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.20. The company has a market cap of $1,000.00, a price-to-earnings ratio of 21.51 and a beta of 0.90.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.52 annualized dividend and a yield of 0.50%. Meta Financial Group’s dividend payout ratio (DPR) is presently 10.83%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its holdings in Meta Financial Group by 7.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 467,964 shares of the savings and loans company’s stock worth $36,689,000 after purchasing an additional 31,433 shares in the last quarter. Second Curve Capital LLC raised its holdings in Meta Financial Group by 37.4% in the 3rd quarter. Second Curve Capital LLC now owns 424,132 shares of the savings and loans company’s stock worth $33,252,000 after purchasing an additional 115,400 shares in the last quarter. Patriot Financial Partners GP LP raised its holdings in Meta Financial Group by 14.4% in the 3rd quarter. Patriot Financial Partners GP LP now owns 397,069 shares of the savings and loans company’s stock worth $31,130,000 after purchasing an additional 50,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in Meta Financial Group by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 381,675 shares of the savings and loans company’s stock worth $33,970,000 after purchasing an additional 18,144 shares in the last quarter. Finally, Ashford Capital Management Inc. raised its holdings in Meta Financial Group by 3.7% in the 3rd quarter. Ashford Capital Management Inc. now owns 295,115 shares of the savings and loans company’s stock worth $23,137,000 after purchasing an additional 10,541 shares in the last quarter. Institutional investors and hedge funds own 76.73% 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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