According to Zacks, “Meta Financial Group, Inc. is the holding company for federally chartered savings bank MetaBank, Member FDIC. Headquartered in Sioux Falls, S.D., MetaBank operates in both the Banking and Payments industries: MetaBank, its retail banking division; Meta Payment Systems, its electronic payments division; AFS/IBEX, its insurance premium finance division; and Refund Advantage, its tax refund-transfer software division. The synergies among the four provide a unique business model for the company. “
Separately, Keefe, Bruyette & Woods upped their price target on Meta Financial Group from $64.00 to $67.00 and gave the stock an outperform rating in a research note on Monday, August 15th.
Meta Financial Group (NASDAQ:CASH) opened at 60.61 on Tuesday. Meta Financial Group has a 12-month low of $36.22 and a 12-month high of $62.62. The stock’s 50 day moving average price is $60.21 and its 200 day moving average price is $52.37. The stock has a market cap of $516.64 million, a price-to-earnings ratio of 15.55 and a beta of 0.51.
Meta Financial Group (NASDAQ:CASH) last released its quarterly earnings results on Monday, July 25th. The company reported $1.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.18. Meta Financial Group had a return on equity of 11.22% and a net margin of 18.45%. Analysts forecast that Meta Financial Group will post $3.98 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Tuesday, September 6th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, September 1st. Meta Financial Group’s payout ratio is 13.54%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Group LTD acquired a new position in Meta Financial Group during the second quarter valued at about $129,000. BlackRock Inc. boosted its position in Meta Financial Group by 1,171.0% in the second quarter. BlackRock Inc. now owns 3,063 shares of the company’s stock valued at $156,000 after buying an additional 2,822 shares during the last quarter. BlackRock Advisors LLC boosted its position in Meta Financial Group by 65.1% in the second quarter. BlackRock Advisors LLC now owns 3,866 shares of the company’s stock valued at $197,000 after buying an additional 1,524 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Meta Financial Group during the second quarter valued at about $222,000. Finally, TFS Capital LLC acquired a new position in Meta Financial Group during the second quarter valued at about $240,000.
Meta Financial Group Company Profile
Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank. 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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