Meta Financial Group Inc. (NASDAQ:CASH) – Investment analysts at B. Riley raised their FY2018 earnings per share (EPS) estimates for shares of Meta Financial Group in a report issued on Wednesday. B. Riley analyst S. Moss now expects that the savings and loans company will post earnings of $7.40 per share for the year, up from their prior forecast of $7.13. B. Riley currently has a “Buy” rating and a $120.00 target price on the stock. B. Riley also issued estimates for Meta Financial Group’s Q4 2018 earnings at $1.51 EPS, Q1 2019 earnings at $1.34 EPS, Q3 2019 earnings at $2.08 EPS, Q4 2019 earnings at $1.98 EPS and FY2019 earnings at $10.10 EPS.
Several other equities research analysts also recently issued reports on CASH. Zacks Investment Research downgraded Meta Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 15th. BidaskClub upgraded Meta Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. Keefe, Bruyette & Woods restated a “buy” rating and set a $88.00 target price on shares of Meta Financial Group in a research report on Thursday, October 12th. Finally, FBR & Co restated a “hold” rating and set a $95.00 target price on shares of Meta Financial Group in a research report on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $115.80.
Meta Financial Group (NASDAQ:CASH) traded down $0.10 during trading on Friday, reaching $103.75. The company had a trading volume of 67,244 shares, compared to its average volume of 92,628. Meta Financial Group has a fifty-two week low of $60.70 and a fifty-two week high of $106.74. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1,000.00, a P/E ratio of 21.61 and a beta of 0.90.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Thursday, December 7th. This represents a $0.52 annualized dividend and a dividend yield of 0.50%. Meta Financial Group’s dividend payout ratio is currently 10.83%.
Several large investors have recently bought and sold shares of CASH. Malaga Cove Capital LLC purchased a new stake in shares of Meta Financial Group during the third quarter worth $111,000. SG Americas Securities LLC purchased a new stake in shares of Meta Financial Group during the second quarter worth $112,000. LS Investment Advisors LLC purchased a new stake in shares of Meta Financial Group in the third quarter worth $152,000. Victory Capital Management Inc. raised its position in shares of Meta Financial Group by 31.3% in the second quarter. Victory Capital Management Inc. now owns 1,806 shares of the savings and loans company’s stock worth $161,000 after buying an additional 430 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new stake in shares of Meta Financial Group in the third quarter worth $165,000. Hedge funds and other institutional investors own 76.89% of the company’s stock.
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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.
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