Zacks: Brokerages Anticipate Meta Financial Group Inc. (CASH) to Announce $0.64 EPS
Equities research analysts predict that Meta Financial Group Inc. (NASDAQ:CASH) will report $0.64 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Meta Financial Group’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.79. Meta Financial Group reported earnings of $0.57 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.3%. The firm is scheduled to announce its next earnings results on Monday, January 29th.
According to Zacks, analysts expect that Meta Financial Group will report full-year earnings of $7.17 per share for the current fiscal year, with EPS estimates ranging from $7.13 to $7.20. For the next financial year, analysts expect that the firm will report earnings of $8.59 per share, with EPS estimates ranging from $8.50 to $8.67. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Meta Financial Group.
A number of research firms have issued reports on CASH. BidaskClub cut Meta Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday. FBR & Co reiterated a “hold” rating and issued a $95.00 target price on shares of Meta Financial Group in a research note on Wednesday, October 11th. B. Riley set a $100.00 target price on Meta Financial Group and gave the company a “buy” rating in a research note on Thursday, November 16th. Zacks Investment Research cut Meta Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $88.00 target price on shares of Meta Financial Group in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $95.75.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Thursday, December 7th. Meta Financial Group’s payout ratio is 10.86%.
In related news, Director Frederick V. Moore sold 450 shares of Meta Financial Group stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $71.75, for a total transaction of $32,287.50. Following the sale, the director now directly owns 100 shares in the company, valued at $7,175. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frederick V. Moore acquired 1,393 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were bought at an average price of $71.70 per share, for a total transaction of $99,878.10. Following the completion of the purchase, the director now owns 100 shares of the company’s stock, valued at $7,170. The disclosure for this purchase can be found here. 5.40% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of CASH. Teachers Advisors LLC raised its stake in shares of Meta Financial Group by 2.1% during the first quarter. Teachers Advisors LLC now owns 14,134 shares of the savings and loans company’s stock valued at $1,251,000 after purchasing an additional 297 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Meta Financial Group by 15.1% during the first quarter. Vanguard Group Inc. now owns 363,531 shares of the savings and loans company’s stock valued at $32,172,000 after purchasing an additional 47,765 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of 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 valued at $3,330,000 after purchasing an additional 6,675 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Meta Financial Group by 86.6% during the first quarter. Bank of America Corp DE now owns 2,112 shares of the savings and loans company’s stock valued at $187,000 after purchasing an additional 980 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of Meta Financial Group by 4.7% during the second quarter. Strs Ohio now owns 9,000 shares of the savings and loans company’s stock valued at $801,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 76.89% of the company’s stock.
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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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