Meta Financial Group, Inc. (NASDAQ:CASH) – Research analysts at FBR & Co lowered their Q4 2017 earnings per share (EPS) estimates for Meta Financial Group in a research note issued to investors on Wednesday. FBR & Co analyst S. Moss now expects that the savings and loans company will earn ($0.35) per share for the quarter, down from their prior forecast of ($0.33). FBR & Co currently has a “Hold” rating and a $95.00 target price on the stock. FBR & Co also issued estimates for Meta Financial Group’s Q2 2018 earnings at $3.93 EPS and Q4 2018 earnings at $1.06 EPS.

A number of other brokerages have also recently weighed in on CASH. BidaskClub raised shares of Meta Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. ValuEngine cut shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $121.00 price objective on shares of Meta Financial Group in a research note on Monday, June 26th. Finally, Zacks Investment Research cut shares of Meta Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $91.50.

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Shares of Meta Financial Group (CASH) traded down 1.47% on Friday, hitting $80.25. The stock had a trading volume of 7,081 shares. Meta Financial Group has a one year low of $60.70 and a one year high of $106.90. The company’s 50 day moving average is $74.19 and its 200 day moving average is $82.26. The stock has a market cap of $750.26 million, a PE ratio of 14.80 and a beta of 0.88.

Several institutional investors and hedge funds have recently modified their holdings of CASH. First Trust Advisors LP boosted its position in Meta Financial Group by 71.8% during the second quarter. First Trust Advisors LP now owns 42,948 shares of the savings and loans company’s stock worth $3,822,000 after acquiring an additional 17,946 shares during the last quarter. Wells Fargo & Company MN boosted its position in Meta Financial Group by 1.4% during the first quarter. Wells Fargo & Company MN now owns 5,531 shares of the savings and loans company’s stock worth $490,000 after acquiring an additional 78 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in Meta Financial Group by 22.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 73,396 shares of the savings and loans company’s stock worth $6,532,000 after acquiring an additional 13,270 shares during the last quarter. AQR Capital Management LLC boosted its position in Meta Financial Group by 0.4% during the first quarter. AQR Capital Management LLC now owns 32,982 shares of the savings and loans company’s stock worth $2,919,000 after acquiring an additional 135 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in Meta Financial Group by 21.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 37,622 shares of the savings and loans company’s stock worth $3,330,000 after acquiring an additional 6,675 shares during the last quarter. 74.23% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman J Tyler Haahr sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $73.07, for a total transaction of $365,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick V. Moore acquired 1,393 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were acquired at an average cost of $71.70 per share, with a total value of $99,878.10. Following the completion of the purchase, the director now owns 100 shares in the company, valued at $7,170. The disclosure for this purchase can be found here. Company insiders own 6.06% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were paid a dividend of $0.13 per share. The ex-dividend date was Thursday, September 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.64%. Meta Financial Group’s dividend payout ratio (DPR) is 9.81%.

About Meta Financial Group

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.

Earnings History and Estimates for Meta Financial Group (NASDAQ:CASH)

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