Equities research analysts expect that Meta Financial Group, Inc. (NASDAQ:CASH) will announce earnings of ($0.30) per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Meta Financial Group’s earnings, with estimates ranging from ($0.35) to ($0.25). Meta Financial Group posted earnings of $1.03 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 129.1%. The firm is scheduled to report its next earnings report on Tuesday, October 24th.
On average, analysts expect that Meta Financial Group will report full-year earnings of $4.33 per share for the current year, with EPS estimates ranging from $4.25 to $4.40. For the next year, analysts anticipate that the firm will post earnings of $7.03 per share, with EPS estimates ranging from $6.85 to $7.20. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Meta Financial Group.
Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $88.00 price target on shares of Meta Financial Group in a research note on Thursday, October 12th. FBR & Co reiterated a “hold” rating and issued a $95.00 price target on shares of Meta Financial Group in a research note on Wednesday, October 11th. Zacks Investment Research upgraded shares of Meta Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine lowered shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. Finally, BidaskClub lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $91.50.
In other news, Chairman J Tyler Haahr sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $73.07, for a total transaction of $365,350.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frederick V. Moore purchased 1,393 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were bought at an average cost of $71.70 per share, for a total transaction of $99,878.10. Following the acquisition, the director now owns 100 shares in the company, valued at $7,170. The disclosure for this purchase can be found here. Company insiders own 6.06% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in CASH. Northpointe Capital LLC purchased a new position in shares of Meta Financial Group in the second quarter worth approximately $6,380,000. Vanguard Group Inc. boosted its holdings in shares of Meta Financial Group by 15.1% in the first quarter. Vanguard Group Inc. now owns 363,531 shares of the savings and loans company’s stock worth $32,172,000 after buying an additional 47,765 shares during the last quarter. Boston Advisors LLC purchased a new position in shares of Meta Financial Group in the second quarter worth approximately $2,662,000. William Blair Investment Management LLC boosted its holdings in shares of Meta Financial Group by 42.2% in the second quarter. William Blair Investment Management LLC now owns 96,422 shares of the savings and loans company’s stock worth $8,582,000 after buying an additional 28,601 shares during the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new position in shares of Meta Financial Group in the second quarter worth approximately $2,132,000. 74.23% of the stock is currently owned by hedge funds and other institutional investors.
WARNING: “Analysts Anticipate Meta Financial Group, Inc. (CASH) Will Post Earnings of -$0.30 Per Share” was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2017/10/17/analysts-anticipate-meta-financial-group-inc-cash-will-post-earnings-of-0-30-per-share.html.
Shares of Meta Financial Group (NASDAQ:CASH) opened at 81.55 on Tuesday. The company has a market capitalization of $762.41 million, a P/E ratio of 15.04 and a beta of 0.88. The stock’s 50 day moving average is $74.65 and its 200 day moving average is $82.15. Meta Financial Group has a 52-week low of $60.70 and a 52-week high of $106.90.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Thursday, September 7th. Meta Financial Group’s payout ratio is presently 9.81%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Meta Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.