Meta Financial Group Inc. (CASH) Downgraded by Zacks Investment Research to “Sell”
According to Zacks, “Meta Financial Group, Inc. is the holding company for federally chartered savings bank MetaBank, Member FDIC. Headquartered in Sioux Falls, S.D., MetaBank operates in both the Banking and Payments industries: MetaBank, its retail banking division; Meta Payment Systems, its electronic payments division; AFS/IBEX, its insurance premium finance division; and Refund Advantage, its tax refund-transfer software division. The synergies among the four provide a unique business model for the company. “
Separately, Keefe, Bruyette & Woods increased their price objective on Meta Financial Group from $64.00 to $67.00 and gave the company an outperform rating in a research report on Monday, August 15th.
Shares of Meta Financial Group (NASDAQ:CASH) opened at 61.38 on Tuesday. The company has a market capitalization of $523.20 million, a PE ratio of 15.74 and a beta of 0.47. Meta Financial Group has a 1-year low of $36.22 and a 1-year high of $62.62. The company’s 50-day moving average price is $59.97 and its 200-day moving average price is $52.12.
Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings data on Monday, July 25th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.86 by $0.18. Meta Financial Group had a return on equity of 11.22% and a net margin of 18.45%. On average, equities analysts expect that Meta Financial Group will post $3.98 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Tuesday, September 6th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Thursday, September 1st. Meta Financial Group’s dividend payout ratio is presently 13.54%.
A number of large investors have recently modified their holdings of CASH. Stifel Financial Corp boosted its stake in shares of Meta Financial Group by 27.8% in the second quarter. Stifel Financial Corp now owns 6,432 shares of the company’s stock valued at $328,000 after buying an additional 1,400 shares in the last quarter. Pinkerton Retirement Specialists LLC acquired a new stake in Meta Financial Group during the second quarter valued at $10,354,000. Metropolitan Life Insurance Co. NY boosted its stake in Meta Financial Group by 27.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 6,264 shares of the company’s stock valued at $319,000 after buying an additional 1,357 shares during the period. Highbridge Capital Management LLC acquired a new stake in Meta Financial Group during the second quarter valued at $429,000. Finally, Ashford Capital Management Inc. boosted its stake in Meta Financial Group by 4.4% in the second quarter. Ashford Capital Management Inc. now owns 400,450 shares of the company’s stock valued at $20,407,000 after buying an additional 17,000 shares during the period.
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. 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.
Receive News & Stock Ratings for Meta Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Financial Group Inc. and related stocks with our FREE daily email newsletter.