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

Meta Financial Group Inc. (NASDAQ:CASH) – Stock analysts at B. Riley reduced their Q1 2019 earnings per share estimates for shares of Meta Financial Group in a report issued on Monday, October 15th. B. Riley analyst S. Moss now anticipates that the savings and loans company will post earnings of $0.28 per share for the quarter, down from their previous estimate of $0.28. B. Riley currently has a “Neutral” rating and a $30.00 target price on the stock. B. Riley also issued estimates for Meta Financial Group’s Q3 2019 earnings at $0.60 EPS.

A number of other brokerages also recently issued reports on CASH. BidaskClub downgraded Meta Financial Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 30th. Zacks Investment Research raised Meta Financial Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 26th. Sandler O’Neill set a $40.00 price target on Meta Financial Group and gave the stock a “buy” rating in a report on Monday, August 6th. Raymond James lowered their price target on Meta Financial Group from $40.00 to $36.67 and set a “strong-buy” rating on the stock in a report on Monday, September 17th. Finally, ValuEngine cut Meta Financial Group from a “sell” rating to a “strong sell” rating in a report on Saturday, October 6th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $37.19.

Shares of NASDAQ:CASH opened at $25.66 on Wednesday. The company has a market cap of $1.08 billion, a P/E ratio of 3.57 and a beta of 1.00. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.19. Meta Financial Group has a 12-month low of $24.79 and a 12-month high of $39.33.

Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings data on Thursday, July 26th. The savings and loans company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.22. The company had revenue of $61.64 million during the quarter, compared to the consensus estimate of $66.50 million. Meta Financial Group had a return on equity of 14.58% and a net margin of 14.08%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc raised its holdings in shares of Meta Financial Group by 3.4% during the 1st quarter. Legal & General Group Plc now owns 17,025 shares of the savings and loans company’s stock worth $1,860,000 after acquiring an additional 562 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Meta Financial Group by 17.2% during the 1st quarter. Citigroup Inc. now owns 3,939 shares of the savings and loans company’s stock worth $430,000 after acquiring an additional 578 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Meta Financial Group by 23.7% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 3,338 shares of the savings and loans company’s stock worth $325,000 after acquiring an additional 640 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of Meta Financial Group by 27.6% during the 2nd quarter. Citadel Advisors LLC now owns 3,800 shares of the savings and loans company’s stock worth $370,000 after acquiring an additional 821 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Meta Financial Group by 6.8% during the 1st quarter. Wells Fargo & Company MN now owns 14,232 shares of the savings and loans company’s stock worth $1,554,000 after acquiring an additional 905 shares in the last quarter. 61.11% of the stock is currently owned by institutional investors.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 7th were issued a $0.05 dividend. The ex-dividend date was Thursday, September 6th. This represents a $0.20 dividend on an annualized basis and a yield of 0.78%. Meta Financial Group’s dividend payout ratio is presently 2.84%.

Meta Financial Group Company Profile

Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services to individuals, small businesses, financial institutions, and other businesses. It provides various deposit products, such as statement savings accounts, money market savings accounts, and NOW and regular checking accounts, as well as deposits related to prepaid cards, which primarily include checking accounts and certificate accounts.

Further Reading: Fundamental Analysis and Individual Investors

Earnings History and Estimates for Meta Financial Group (NASDAQ:CASH)

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