B. Riley Analysts Cut Earnings Estimates for Meta Financial Group, Inc. (CASH)

Meta Financial Group, Inc. (NASDAQ:CASH) – Equities research analysts at B. Riley lowered their FY2018 earnings estimates for Meta Financial Group in a report released on Thursday. B. Riley analyst S. Moss now expects that the savings and loans company will post earnings per share of $7.13 for the year, down from their previous estimate of $7.20. B. Riley has a “Buy” rating and a $100.00 price target on the stock. B. Riley also issued estimates for Meta Financial Group’s Q1 2019 earnings at $0.88 EPS, Q2 2019 earnings at $4.84 EPS, Q3 2019 earnings at $1.56 EPS, Q4 2019 earnings at $1.39 EPS and FY2019 earnings at $8.67 EPS.

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Several other research firms also recently weighed in 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 objective for the company. in a report on Friday, July 28th. Zacks Investment Research upgraded shares of Meta Financial Group from a “hold” rating to a “strong-buy” rating and set a $100.00 price target on the stock in a research report on Wednesday, November 1st. ValuEngine downgraded Meta Financial Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. BidaskClub downgraded Meta Financial Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $121.00 price objective on shares of Meta Financial Group in a report on Thursday, July 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $95.75.

Meta Financial Group (NASDAQ:CASH) opened at $87.55 on Friday. The stock has a market cap of $818.59, a price-to-earnings ratio of 12.14 and a beta of 0.89. Meta Financial Group has a 1-year low of $60.70 and a 1-year high of $106.90. The company has a current ratio of 0.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.20.

Several institutional investors and hedge funds have recently bought and sold shares of CASH. Second Curve Capital LLC boosted its position in shares of Meta Financial Group by 37.4% in the third quarter. Second Curve Capital LLC now owns 424,132 shares of the savings and loans company’s stock valued at $33,252,000 after acquiring an additional 115,400 shares during the period. Northpointe Capital LLC bought a new stake in shares of Meta Financial Group in the second quarter valued at approximately $6,380,000. Principal Financial Group Inc. boosted its position in shares of Meta Financial Group by 1,247.4% in the third quarter. Principal Financial Group Inc. now owns 71,248 shares of the savings and loans company’s stock valued at $5,586,000 after acquiring an additional 65,960 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Meta Financial Group by 115.4% in the third quarter. Bank of New York Mellon Corp now owns 103,779 shares of the savings and loans company’s stock valued at $8,137,000 after acquiring an additional 55,590 shares during the period. Finally, Ameriprise Financial Inc. bought a new stake in shares of Meta Financial Group in the third quarter valued at approximately $3,958,000. 73.28% of the stock is owned by institutional investors.

In related news, Director Frederick V. Moore sold 450 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $71.75, for a total value of $32,287.50. Following the completion of the sale, the director now owns 100 shares of the company’s stock, valued at approximately $7,175. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Frederick V. Moore bought 1,393 shares of the firm’s stock in a transaction on Wednesday, September 20th. The shares were bought at an average cost of $71.70 per share, with a total value of $99,878.10. Following the transaction, the director now directly owns 100 shares of the company’s stock, valued at $7,170. The disclosure for this purchase can be found here. Insiders own 6.06% of the company’s stock.

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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