Wall Street brokerages predict that Meta Financial Group Inc. (NASDAQ:CASH) will post earnings per share (EPS) of $0.83 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Meta Financial Group’s earnings, with estimates ranging from $0.54 to $1.12. Meta Financial Group reported earnings of $1.22 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 32%. The firm is scheduled to announce its next earnings report after the market closes on Thursday, April 25th.
On average, 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 financial year, analysts forecast that the company will report earnings of $3.38 per share, with EPS estimates ranging from $3.25 to $3.50. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Meta Financial Group.
Meta Financial Group (NASDAQ:CASH) last released its earnings results on Monday, January 28th. The savings and loans company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). The company had revenue of $98.02 million for the quarter, compared to the consensus estimate of $98.55 million. Meta Financial Group had a return on equity of 11.61% and a net margin of 15.76%.
CASH has been the topic of a number of recent analyst reports. BidaskClub raised Meta Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Zacks Investment Research raised Meta Financial Group from a “sell” rating to a “hold” rating in a research report on Friday, April 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Meta Financial Group currently has an average rating of “Hold” and an average target price of $35.67.
In other Meta Financial Group news, Director William David Tull sold 24,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $21.60, for a total transaction of $518,400.00. Following the transaction, the director now owns 71,025 shares of the company’s stock, valued at $1,534,140. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Sheree Thornsberry sold 10,863 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 20,090 shares in the company, valued at approximately $390,348.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 112,741 shares of company stock worth $2,381,260. Company insiders own 7.69% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sippican Capital Advisors grew its position in shares of Meta Financial Group by 4.4% in the fourth quarter. Sippican Capital Advisors now owns 12,937 shares of the savings and loans company’s stock valued at $251,000 after purchasing an additional 547 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Meta Financial Group by 200.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,139 shares of the savings and loans company’s stock valued at $41,000 after purchasing an additional 1,426 shares during the last quarter. Legal & General Group Plc grew its position in shares of Meta Financial Group by 8.5% in the third quarter. Legal & General Group Plc now owns 19,605 shares of the savings and loans company’s stock valued at $1,620,000 after purchasing an additional 1,537 shares during the last quarter. MetLife Investment Advisors LLC grew its position in shares of Meta Financial Group by 56.5% in the third quarter. MetLife Investment Advisors LLC now owns 6,601 shares of the savings and loans company’s stock valued at $546,000 after purchasing an additional 2,383 shares during the last quarter. Finally, Flinton Capital Management LLC grew its position in shares of Meta Financial Group by 314.3% in the fourth quarter. Flinton Capital Management LLC now owns 3,712 shares of the savings and loans company’s stock valued at $72,000 after purchasing an additional 2,816 shares during the last quarter. 64.83% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ CASH opened at $22.47 on Friday. The company has a market cap of $877.88 million, a price-to-earnings ratio of 8.00 and a beta of 1.27. 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 twelve month low of $17.84 and a twelve month high of $38.87.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Friday, March 8th. Meta Financial Group’s dividend payout ratio (DPR) is presently 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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