Wall Street analysts expect Meta Financial Group, Inc. (NASDAQ:CASH) to announce $52.73 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Meta Financial Group’s earnings, with the lowest sales estimate coming in at $51.30 million and the highest estimate coming in at $54.15 million. Meta Financial Group posted sales of $39.12 million in the same quarter last year, which suggests a positive year-over-year growth rate of 34.8%. The firm is expected to issue its next earnings results on Tuesday, October 24th.
On average, analysts expect that Meta Financial Group will report full-year sales of $52.73 million for the current financial year, with estimates ranging from $263.70 million to $277.91 million. For the next year, analysts forecast that the business will report sales of $310.61 million per share, with estimates ranging from $288.80 million to $332.42 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Meta Financial Group.
Several equities analysts have weighed in on the company. FBR & Co reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Meta Financial Group in a report on Wednesday, October 11th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $88.00 price target on shares of Meta Financial Group in a report on Thursday, October 12th. ValuEngine cut Meta Financial Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. BidaskClub cut Meta Financial Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Zacks Investment Research raised Meta Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $91.50.
In other news, Director Frederick V. Moore sold 450 shares of the business’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $71.75, for a total transaction of $32,287.50. Following the completion of the transaction, the director now owns 100 shares of the company’s stock, valued at approximately $7,175. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frederick V. Moore purchased 1,393 shares of the 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 acquisition, the director now directly owns 100 shares in the company, valued at approximately $7,170. The disclosure for this purchase can be found here. 6.06% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of CASH. Wells Fargo & Company MN raised its holdings in shares of Meta Financial Group by 1.4% during the 1st 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 in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Meta Financial Group by 7.0% during the 1st 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 in the last quarter. Victory Capital Management Inc. acquired a new position in shares of Meta Financial Group during the 1st quarter worth $122,000. American International Group Inc. raised its holdings in shares of Meta Financial Group by 7.1% during the 1st quarter. American International Group Inc. now owns 5,071 shares of the savings and loans company’s stock worth $449,000 after buying an additional 337 shares in the last quarter. Finally, United Services Automobile Association raised its holdings in shares of Meta Financial Group by 151.2% during the 1st quarter. United Services Automobile Association now owns 20,600 shares of the savings and loans company’s stock worth $1,823,000 after buying an additional 12,400 shares in the last quarter. 74.23% of the stock is owned by institutional investors.
Shares of Meta Financial Group (NASDAQ CASH) traded up 0.75% during mid-day trading on Thursday, reaching $80.90. The company’s stock had a trading volume of 8,754 shares. The firm has a market cap of $756.33 million, a price-to-earnings ratio of 14.92 and a beta of 0.88. The firm has a 50 day moving average price of $75.52 and a 200 day moving average price of $82.04. Meta Financial Group has a 52-week low of $60.70 and a 52-week high of $106.90.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.65%. Meta Financial Group’s dividend payout ratio (DPR) is currently 9.81%.
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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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