Analysts predict that Meta Financial Group Inc. (NASDAQ:CASH) will report earnings of $4.15 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Meta Financial Group’s earnings, with estimates ranging from $4.08 to $4.21. Meta Financial Group posted earnings per share of $4.11 during the same quarter last year, which indicates a positive year-over-year growth rate of 1%. The company is expected to issue its next quarterly earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that Meta Financial Group will report full year earnings of $7.69 per share for the current year, with EPS estimates ranging from $7.68 to $7.70. For the next financial year, analysts forecast that the firm will post earnings of $9.97 per share, with EPS estimates ranging from $9.83 to $10.10. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Meta Financial Group.
Meta Financial Group (NASDAQ:CASH) last posted its earnings results on Tuesday, January 30th. The savings and loans company reported $0.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.25. Meta Financial Group had a net margin of 16.20% and a return on equity of 16.05%. The firm had revenue of $58.46 million for the quarter, compared to analyst estimates of $54.47 million.
A number of equities research analysts have weighed in on the stock. B. Riley boosted their target price on shares of Meta Financial Group from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Zacks Investment Research raised shares of Meta Financial Group from a “hold” rating to a “strong-buy” rating and set a $118.00 target price on the stock in a report on Friday, January 19th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $125.00 target price on shares of Meta Financial Group in a report on Thursday, January 11th. Lake Street Capital started coverage on shares of Meta Financial Group in a research note on Monday, January 8th. They issued a “buy” rating and a $120.00 price objective on the stock. Finally, BidaskClub lowered shares of Meta Financial Group from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Meta Financial Group presently has a consensus rating of “Buy” and an average price target of $116.60.
Meta Financial Group (CASH) traded down $1.55 on Friday, reaching $108.95. 33,500 shares of the company’s stock were exchanged, compared to its average volume of 76,596. Meta Financial Group has a 52-week low of $60.70 and a 52-week high of $117.97. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.20. The company has a market cap of $1,070.06, a price-to-earnings ratio of 21.24 and a beta of 1.13.
Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Meta Financial Group by 115.4% in the 3rd 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 purchasing an additional 55,590 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of Meta Financial Group by 485.7% in the 3rd quarter. New York State Teachers Retirement System now owns 4,100 shares of the savings and loans company’s stock valued at $321,000 after purchasing an additional 3,400 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Meta Financial Group by 435.6% in the 3rd quarter. Prudential Financial Inc. now owns 16,014 shares of the savings and loans company’s stock valued at $1,255,000 after purchasing an additional 13,024 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Meta Financial Group by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 381,675 shares of the savings and loans company’s stock valued at $33,970,000 after purchasing an additional 18,144 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Meta Financial Group by 1,177.0% in the 3rd quarter. Great West Life Assurance Co. Can now owns 11,493 shares of the savings and loans company’s stock valued at $907,000 after purchasing an additional 10,593 shares during the last quarter. 77.10% of the stock is currently owned by institutional investors.
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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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