Equities analysts forecast that Meta Financial Group Inc. (NASDAQ:CASH) will post earnings of $4.13 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Meta Financial Group’s earnings. The highest EPS estimate is $4.21 and the lowest is $4.04. Meta Financial Group posted earnings of $4.11 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.5%. The company is scheduled to report its next earnings report on Wednesday, April 25th.
On average, analysts expect that Meta Financial Group will report full year earnings of $7.69 per share for the current year, with EPS estimates ranging from $7.68 to $7.70. For the next fiscal year, analysts forecast that the business will post earnings of $9.97 per share, with EPS estimates ranging from $9.83 to $10.10. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Meta Financial Group.
Meta Financial Group (NASDAQ:CASH) last issued its earnings results on Tuesday, January 30th. The savings and loans company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.25. Meta Financial Group had a return on equity of 16.05% and a net margin of 16.20%. The business had revenue of $58.46 million during the quarter, compared to analysts’ expectations of $54.47 million.
Shares of NASDAQ:CASH traded up $0.40 during trading on Tuesday, reaching $113.10. 66,205 shares of the stock were exchanged, compared to its average volume of 65,979. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.58 and a current ratio of 0.58. Meta Financial Group has a 12-month low of $60.70 and a 12-month high of $117.97. The stock has a market capitalization of $1,093.31, a P/E ratio of 16.04 and a beta of 1.13.
The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 12th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Friday, March 9th. Meta Financial Group’s dividend payout ratio is presently 7.38%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CASH. TimesSquare Capital Management LLC purchased a new position in Meta Financial Group in the 4th quarter worth approximately $25,835,000. Northpointe Capital LLC boosted its holdings in Meta Financial Group by 407.9% in the 4th quarter. Northpointe Capital LLC now owns 184,738 shares of the savings and loans company’s stock worth $17,116,000 after acquiring an additional 148,363 shares during the period. Basswood Capital Management L.L.C. purchased a new position in Meta Financial Group in the 4th quarter worth approximately $8,797,000. American Century Companies Inc. purchased a new position in Meta Financial Group in the 4th quarter worth approximately $6,409,000. Finally, Bank of New York Mellon Corp boosted its holdings in Meta Financial Group by 115.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 103,779 shares of the savings and loans company’s stock worth $8,137,000 after acquiring an additional 55,590 shares during the period. Hedge funds and other institutional investors own 78.95% of the company’s stock.
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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.
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