Analysts Anticipate Meta Financial Group, Inc. (CASH) Will Post Earnings of -$0.30 Per Share

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.

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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.

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

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