Brokerages Expect Meta Financial Group Inc. (CASH) Will Post Earnings of $0.83 Per Share
Analysts expect that Meta Financial Group Inc. (NASDAQ:CASH) will announce earnings of $0.83 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Meta Financial Group’s earnings. The lowest EPS estimate is $0.54 and the highest is $1.12. Meta Financial Group reported earnings per share of $1.22 during the same quarter last year, which indicates a negative year over year growth rate of 32%. The company is expected to report its next quarterly earnings results after the market closes on Thursday, April 25th.
According to Zacks, analysts expect that Meta Financial Group will report full-year earnings of $2.34 per share for the current year, with EPS estimates ranging from $2.12 to $2.55. For the next fiscal year, analysts anticipate that the company will post earnings of $3.38 per share, with EPS estimates ranging from $3.25 to $3.50. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Meta Financial Group.
Meta Financial Group (NASDAQ:CASH) last issued its quarterly earnings data on Monday, January 28th. The savings and loans company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.04). Meta Financial Group had a net margin of 15.76% and a return on equity of 11.61%. The business had revenue of $98.02 million during the quarter, compared to the consensus estimate of $98.55 million.
In other news, Director William David Tull sold 77,878 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $21.21, for a total transaction of $1,651,792.38. Following the completion of the sale, the director now owns 71,025 shares in the company, valued at $1,506,440.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Sheree Thornsberry sold 10,863 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $19.43, for a total value of $211,068.09. Following the sale, the executive vice president now owns 20,090 shares of the company’s stock, valued at approximately $390,348.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,741 shares of company stock valued at $2,381,260. 7.69% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in shares of Meta Financial Group by 205.5% during the fourth quarter. BlackRock Inc. now owns 4,121,189 shares of the savings and loans company’s stock worth $79,911,000 after purchasing an additional 2,772,050 shares during the period. Nantahala Capital Management LLC grew its stake in shares of Meta Financial Group by 230.7% during the fourth quarter. Nantahala Capital Management LLC now owns 1,784,227 shares of the savings and loans company’s stock worth $34,596,000 after purchasing an additional 1,244,711 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Meta Financial Group by 195.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,530,076 shares of the savings and loans company’s stock worth $29,668,000 after purchasing an additional 1,012,492 shares during the period. Cranbrook Wealth Management LLC grew its stake in shares of Meta Financial Group by 1,014.0% during the fourth quarter. Cranbrook Wealth Management LLC now owns 1,525,462 shares of the savings and loans company’s stock worth $29,579,000 after purchasing an additional 1,388,521 shares during the period. Finally, Patriot Financial Partners GP LP grew its stake in shares of Meta Financial Group by 200.0% during the fourth quarter. Patriot Financial Partners GP LP now owns 1,356,207 shares of the savings and loans company’s stock worth $26,297,000 after purchasing an additional 904,138 shares during the period. 64.83% of the stock is owned by institutional investors and hedge funds.
CASH traded up $0.12 during trading on Friday, hitting $22.33. The company’s stock had a trading volume of 161,709 shares, compared to its average volume of 386,058. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.66 and a current ratio of 0.66. Meta Financial Group has a 12 month low of $17.84 and a 12 month high of $38.87. The company has a market cap of $880.25 million, a price-to-earnings ratio of 7.95 and a beta of 1.27.
The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.90%. Meta Financial Group’s payout ratio is currently 7.12%.
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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