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.

TRADEMARK VIOLATION WARNING: This story was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://theolympiareport.com/2018/01/17/meta-financial-group-inc-to-post-fy2018-earnings-of-7-03-per-share-b-riley-forecasts-cash.html.

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.

Earnings History and Estimates for Meta Financial Group (NASDAQ:CASH)

Receive News & Ratings for Meta Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.