Wall Street analysts predict that Meta Financial Group Inc. (NASDAQ:CASH) will report sales of $110.25 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Meta Financial Group’s earnings, with the lowest sales estimate coming in at $108.00 million and the highest estimate coming in at $112.50 million. Meta Financial Group posted sales of $61.64 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 78.9%. The business is expected to announce its next quarterly earnings report on Thursday, July 25th.
On average, analysts expect that Meta Financial Group will report full year sales of $494.17 million for the current fiscal year, with estimates ranging from $491.70 million to $496.64 million. For the next fiscal year, analysts anticipate that the company will post sales of $553.42 million, with estimates ranging from $550.94 million to $555.90 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Meta Financial Group.
Meta Financial Group (NASDAQ:CASH) last posted its quarterly earnings results on Thursday, April 25th. The savings and loans company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. Meta Financial Group had a return on equity of 10.46% and a net margin of 13.76%. The business had revenue of $176.38 million for the quarter, compared to analyst estimates of $173.63 million.
Shares of NASDAQ CASH traded up $0.32 during trading on Friday, hitting $27.69. 252,600 shares of the company were exchanged, compared to its average volume of 342,743. Meta Financial Group has a 12-month low of $17.84 and a 12-month high of $37.35. The company has a quick ratio of 0.70, a current ratio of 0.71 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1.08 billion, a PE ratio of 9.85 and a beta of 1.31.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 10th will be issued a $0.05 dividend. The ex-dividend date is Friday, June 7th. This represents a $0.20 annualized dividend and a yield of 0.72%. Meta Financial Group’s dividend payout ratio (DPR) is currently 7.12%.
In related news, Director Michael Robert Kramer sold 4,408 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $26.00, for a total value of $114,608.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William David Tull sold 7,400 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $26.14, for a total transaction of $193,436.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 179,444 shares of company stock worth $4,787,567. 7.69% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of CASH. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Meta Financial Group by 200.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,139 shares of the savings and loans company’s stock worth $41,000 after purchasing an additional 1,426 shares during the period. Flinton Capital Management LLC increased its stake in Meta Financial Group by 314.3% during the fourth quarter. Flinton Capital Management LLC now owns 3,712 shares of the savings and loans company’s stock worth $72,000 after purchasing an additional 2,816 shares during the period. Quantamental Technologies LLC purchased a new stake in Meta Financial Group during the fourth quarter worth about $84,000. BNP Paribas Arbitrage SA increased its stake in Meta Financial Group by 96,733.3% during the first quarter. BNP Paribas Arbitrage SA now owns 5,810 shares of the savings and loans company’s stock worth $114,000 after purchasing an additional 5,804 shares during the period. Finally, Advisor Group Inc. increased its stake in Meta Financial Group by 646.9% during the fourth quarter. Advisor Group Inc. now owns 6,588 shares of the savings and loans company’s stock worth $127,000 after purchasing an additional 5,706 shares during the period. Hedge funds and other institutional investors own 69.87% of the company’s stock.
Meta Financial Group Company Profile
Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services in the United States. The company accepts various deposit products, including statement savings accounts, money market savings accounts, negotiable order of withdrawal accounts, and checking accounts; and deposits related to prepaid cards, which primarily comprise checking accounts and certificate accounts.
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