Meta Financial Group Inc. (NASDAQ:CASH) – Investment analysts at B. Riley lifted their FY2018 earnings per share (EPS) estimates for shares of Meta Financial Group in a note issued to investors on Thursday. B. Riley analyst S. Moss now expects that the savings and loans company will post earnings of $7.03 per share for the year, up from their previous forecast of $6.96. B. Riley has a “Buy” rating and a $120.00 price target on the stock.
Meta Financial Group (NASDAQ:CASH) last posted its quarterly earnings results on Monday, October 30th. The savings and loans company reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $1.38. Meta Financial Group had a return on equity of 1.62% and a net margin of 3.21%.
Meta Financial Group (NASDAQ:CASH) traded down $0.10 during trading hours on Monday, reaching $103.75. The company had a trading volume of 67,200 shares, compared to its average volume of 92,344. The firm has a market capitalization of $1,002.73, a P/E ratio of 21.66 and a beta of 0.90. Meta Financial Group has a fifty-two week low of $60.70 and a fifty-two week high of $106.74. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.20.
A number of hedge funds have recently modified their holdings of CASH. Malaga Cove Capital LLC acquired a new position in Meta Financial Group in the third quarter valued at approximately $111,000. SG Americas Securities LLC acquired a new position in Meta Financial Group in the second quarter valued at approximately $112,000. LS Investment Advisors LLC acquired a new position in Meta Financial Group in the third quarter valued at approximately $152,000. Victory Capital Management Inc. boosted its stake in Meta Financial Group by 31.3% in the second quarter. Victory Capital Management Inc. now owns 1,806 shares of the savings and loans company’s stock valued at $161,000 after acquiring an additional 430 shares during the period. Finally, Teachers Retirement System of The State of Kentucky acquired a new position in Meta Financial Group in the third quarter valued at approximately $165,000. Institutional investors own 76.73% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, December 8th were paid a $0.13 dividend. The ex-dividend date was Thursday, December 7th. This represents a $0.52 dividend on an annualized basis and a yield of 0.50%. Meta Financial Group’s payout ratio is currently 10.86%.
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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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