Brokerages Expect Meta Financial Group, Inc. (NASDAQ:CASH) to Announce ($0.29) Earnings Per Share
Meta Financial Group, Inc. (NASDAQ:CASH) has earned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company. Meta Financial Group’s rating score has declined by 100% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a twelve-month consensus price target of $93.00 for the company and are forecasting that the company will post ($0.29) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Meta Financial Group an industry rank of 94 out of 265 based on the ratings given to its competitors.
Several research firms recently issued reports on CASH. FBR & Co downgraded shares of Meta Financial Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target for the company. in a research report on Friday, July 28th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $121.00 price target on shares of Meta Financial Group in a research report on Thursday, July 27th. BidaskClub raised shares of Meta Financial Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. ValuEngine downgraded shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 26th. Finally, Zacks Investment Research raised shares of Meta Financial Group from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research report on Tuesday, June 27th.
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Shares of Meta Financial Group (NASDAQ:CASH) traded up 3.92% during mid-day trading on Thursday, hitting $74.30. 162,833 shares of the stock were exchanged. The stock has a market capitalization of $694.71 million, a P/E ratio of 13.70 and a beta of 0.89. The stock’s 50 day moving average price is $88.43 and its 200-day moving average price is $88.70. Meta Financial Group has a 12-month low of $54.13 and a 12-month high of $106.90.
In other Meta Financial Group news, Chairman J Tyler Haahr sold 5,000 shares of Meta Financial Group stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $88.96, for a total transaction of $444,800.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Elizabeth G. Hoople acquired 1,000 shares of the business’s stock in a transaction on Monday, May 15th. The shares were purchased at an average cost of $83.63 per share, for a total transaction of $83,630.00. Following the completion of the acquisition, the director now directly owns 4,000 shares in the company, valued at $334,520. The disclosure for this purchase can be found here. Insiders have sold a total of 15,440 shares of company stock worth $1,355,336 over the last ninety days. Insiders own 6.06% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Zweig DiMenna Associates LLC purchased a new position in Meta Financial Group during the first quarter worth about $4,168,000. Virginia Retirement Systems ET AL acquired a new stake in Meta Financial Group during the first quarter worth approximately $407,000. Bank of New York Mellon Corp boosted its stake in Meta Financial Group by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 54,175 shares of the savings and loans company’s stock worth $4,794,000 after buying an additional 3,532 shares during the last quarter. LSV Asset Management boosted its stake in Meta Financial Group by 4.4% in the first quarter. LSV Asset Management now owns 14,100 shares of the savings and loans company’s stock worth $1,247,000 after buying an additional 600 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Meta Financial Group by 1.4% in the first quarter. Wells Fargo & Company MN now owns 5,531 shares of the savings and loans company’s stock worth $490,000 after buying an additional 78 shares during the last quarter. 74.16% of the stock is currently owned by hedge funds and other institutional investors.
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 (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. 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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