Brokerages forecast that Meta Financial Group Inc. (NASDAQ:CASH) will post earnings per share (EPS) of $1.00 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Meta Financial Group’s earnings, with the lowest EPS estimate coming in at $0.87 and the highest estimate coming in at $1.13. Meta Financial Group posted earnings of $1.22 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 18%. The firm is expected to report its next earnings results on Monday, April 29th.
On average, analysts expect that Meta Financial Group will report full year earnings of $2.52 per share for the current fiscal year, with EPS estimates ranging from $2.50 to $2.54. For the next fiscal year, analysts anticipate that the business will report earnings of $3.51 per share. Zacks Investment Research’s EPS calculations are a mean 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 quarterly earnings results on Monday, January 28th. The savings and loans company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm 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%.
Several research firms have recently commented on CASH. BidaskClub upgraded shares of Meta Financial Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 31st. Zacks Investment Research lowered shares of Meta Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Finally, Raymond James upped their price target on shares of Meta Financial Group from $36.67 to $37.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Meta Financial Group presently has a consensus rating of “Hold” and an average price target of $36.75.
In related news, CEO Bradley C. Hanson acquired 20,000 shares of Meta Financial Group stock in a transaction that occurred on Thursday, December 6th. The stock was acquired at an average price of $21.43 per share, with a total value of $428,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Glen William Herrick acquired 5,000 shares of Meta Financial Group stock in a transaction that occurred on Friday, December 7th. The stock was bought at an average cost of $21.02 per share, with a total value of $105,100.00. Following the acquisition, the chief financial officer now directly owns 209,108 shares of the company’s stock, valued at $4,395,450.16. The disclosure for this purchase can be found here. Insiders purchased 25,466 shares of company stock valued at $543,505 in the last ninety days. Corporate insiders own 7.69% of the company’s stock.
A number of hedge funds have recently bought and sold shares of CASH. BlackRock Inc. lifted its holdings in Meta Financial Group by 205.5% in 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. Emerald Mutual Fund Advisers Trust acquired a new stake in Meta Financial Group in the fourth quarter worth about $8,836,000. Northpointe Capital LLC lifted its holdings in Meta Financial Group by 353.7% in the fourth quarter. Northpointe Capital LLC now owns 206,625 shares of the savings and loans company’s stock worth $4,006,000 after purchasing an additional 161,085 shares during the period. Cranbrook Wealth Management LLC acquired a new stake in Meta Financial Group in the third quarter worth about $11,318,000. Finally, Eaton Vance Management lifted its holdings in Meta Financial Group by 933.8% in the fourth quarter. Eaton Vance Management now owns 115,621 shares of the savings and loans company’s stock worth $2,242,000 after purchasing an additional 104,437 shares during the period. 24.57% of the stock is owned by institutional investors and hedge funds.
Shares of Meta Financial Group stock traded down $0.06 during trading on Monday, hitting $23.97. 1,329 shares of the stock were exchanged, compared to its average volume of 333,545. The firm has a market capitalization of $947.26 million, a P/E ratio of 8.57 and a beta of 1.32. 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 $18.01 and a 12 month high of $39.28.
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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