Meta Financial Group (NASDAQ:CASH) had its target price cut by B. Riley from $100.00 to $90.00 in a report published on Thursday morning. They currently have a neutral rating on the savings and loans company’s stock.
A number of other research firms have also commented on CASH. BidaskClub lowered shares of Meta Financial Group from a buy rating to a hold rating in a research report on Tuesday, June 19th. Sandler O’Neill set a $120.00 price target on shares of Meta Financial Group and gave the company a buy rating in a research report on Monday, August 6th. Finally, ValuEngine lowered shares of Meta Financial Group from a buy rating to a hold rating in a research report on Friday, June 15th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $111.67.
NASDAQ:CASH opened at $84.70 on Thursday. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 12.47 and a beta of 1.07. Meta Financial Group has a 12 month low of $70.60 and a 12 month high of $117.97. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.19.
Meta Financial Group (NASDAQ:CASH) last released its quarterly earnings results on Thursday, July 26th. The savings and loans company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.66. The firm had revenue of $61.64 million for the quarter, compared to analyst estimates of $66.50 million. Meta Financial Group had a net margin of 14.08% and a return on equity of 14.58%. research analysts predict that Meta Financial Group will post 6.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Stockholders of record on Friday, September 7th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.71%. This is a positive change from Meta Financial Group’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, September 6th. Meta Financial Group’s dividend payout ratio is presently 8.51%.
Hedge funds have recently made changes to their positions in the company. LPL Financial LLC acquired a new position in shares of Meta Financial Group during the first quarter worth approximately $212,000. John W. Rosenthal Capital Management Inc. lifted its position in shares of Meta Financial Group by 28.6% during the second quarter. John W. Rosenthal Capital Management Inc. now owns 45,000 shares of the savings and loans company’s stock worth $4,383,000 after purchasing an additional 10,000 shares in the last quarter. Stevens Capital Management LP acquired a new position in shares of Meta Financial Group during the second quarter worth approximately $429,000. Legal & General Group Plc lifted its position in shares of Meta Financial Group by 3.4% during the first quarter. Legal & General Group Plc now owns 17,025 shares of the savings and loans company’s stock worth $1,860,000 after purchasing an additional 562 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Meta Financial Group by 2.4% during the first quarter. Principal Financial Group Inc. now owns 69,641 shares of the savings and loans company’s stock worth $7,605,000 after purchasing an additional 1,651 shares in the last quarter. Institutional investors own 61.12% 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 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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