B. Riley Raises Meta Financial Group (NASDAQ:CASH) Price Target to $125.00

Meta Financial Group (NASDAQ:CASH) had its price target hoisted by B. Riley from $120.00 to $125.00 in a research report released on Wednesday, January 31st, Marketbeat Ratings reports. B. Riley currently has a buy rating on the savings and loans company’s stock. B. Riley also issued estimates for Meta Financial Group’s Q2 2018 earnings at $4.08 EPS, Q3 2018 earnings at $1.13 EPS, Q4 2018 earnings at $1.44 EPS, FY2018 earnings at $7.70 EPS, Q1 2019 earnings at $1.54 EPS, Q2 2019 earnings at $4.37 EPS, Q3 2019 earnings at $2.10 EPS and Q4 2019 earnings at $2.09 EPS.

Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of Meta Financial Group from a hold rating to a sell rating in a research report on Saturday, January 6th. Keefe, Bruyette & Woods reiterated a buy rating and issued a $125.00 price objective on shares of Meta Financial Group in a research report on Thursday, January 11th. Zacks Investment Research lowered shares of Meta Financial Group from a strong-buy rating to a hold rating in a research report on Monday, January 15th. Finally, FBR & Co reiterated a hold rating and issued a $95.00 price objective 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 assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $116.60.

Shares of Meta Financial Group (CASH) opened at $107.05 on Wednesday. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1,060.86, a P/E ratio of 20.87 and a beta of 1.13. Meta Financial Group has a 1-year low of $60.70 and a 1-year high of $117.97.

Meta Financial Group (NASDAQ:CASH) last announced its earnings results on Tuesday, January 30th. The savings and loans company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.25. The business had revenue of $58.46 million for the quarter, compared to analyst estimates of $54.47 million. Meta Financial Group had a net margin of 16.20% and a return on equity of 16.05%. sell-side analysts expect that Meta Financial Group will post 7.69 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky boosted its position in shares of Meta Financial Group by 42.9% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 3,000 shares of the savings and loans company’s stock worth $278,000 after purchasing an additional 900 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Meta Financial Group by 139.9% during the 4th quarter. Deutsche Bank AG now owns 20,167 shares of the savings and loans company’s stock worth $1,867,000 after buying an additional 11,759 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of Meta Financial Group during the 4th quarter worth $2,800,000. Advisor Group Inc. raised its stake in shares of Meta Financial Group by 29.5% during the 4th quarter. Advisor Group Inc. now owns 5,560 shares of the savings and loans company’s stock worth $515,000 after buying an additional 1,265 shares during the last quarter. Finally, Basswood Capital Management L.L.C. acquired a new position in shares of Meta Financial Group during the 4th quarter worth $8,797,000. Institutional investors own 79.25% 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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