Meta Financial Group Inc. (CASH) Price Target Increased to $79.00 by Analysts at Keefe, Bruyette & Woods
Meta Financial Group Inc. (NASDAQ:CASH) had its target price upped by Keefe, Bruyette & Woods from $67.00 to $79.00 in a research note issued on Tuesday. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 25.06% from the company’s current price.
Separately, Zacks Investment Research lowered shares of Meta Financial Group from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, September 27th.
Shares of Meta Financial Group (NASDAQ:CASH) traded up 3.25% during midday trading on Tuesday, hitting $65.22. 9,846 shares of the stock were exchanged. The firm has a market cap of $555.94 million, a P/E ratio of 16.73 and a beta of 0.51. Meta Financial Group has a 12-month low of $36.22 and a 12-month high of $65.29. The firm has a 50 day moving average of $60.35 and a 200 day moving average of $52.62.
Meta Financial Group (NASDAQ:CASH) last posted its quarterly earnings data on Monday, July 25th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.18. Meta Financial Group had a net margin of 18.45% and a return on equity of 11.22%. Equities analysts forecast that Meta Financial Group will post $3.98 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Tuesday, September 6th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.82%. The ex-dividend date was Thursday, September 1st. Meta Financial Group’s dividend payout ratio (DPR) is 13.54%.
A number of institutional investors have recently modified their holdings of CASH. Pinkerton Retirement Specialists LLC bought a new position in shares of Meta Financial Group during the second quarter valued at approximately $10,354,000. Nantahala Capital Management LLC increased its stake in Meta Financial Group by 7.3% in the first quarter. Nantahala Capital Management LLC now owns 471,198 shares of the company’s stock valued at $21,487,000 after buying an additional 31,890 shares in the last quarter. Ashford Capital Management Inc. increased 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in Meta Financial Group by 15.0% in the second quarter. Dimensional Fund Advisors LP now owns 338,962 shares of the company’s stock valued at $17,273,000 after buying an additional 44,089 shares in the last quarter. Finally, Patriot Financial Partners GP LP increased its stake in Meta Financial Group by 8.7% in the second quarter. Patriot Financial Partners GP LP now owns 307,069 shares of the company’s stock valued at $15,648,000 after buying an additional 24,500 shares in the last quarter.
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.
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