Meta Financial Group Inc. (NASDAQ:CASH) has received an average broker rating score of 1.33 (Strong Buy) from the three brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and two have assigned a strong buy rating to the company.
Brokerages have set a 1-year consensus price target of $61.33 for the company and are anticipating that the company will post $0.73 EPS for the current quarter, according to Zacks. Zacks has also given Meta Financial Group an industry rank of 188 out of 265 based on the ratings given to its competitors.
Several analysts have recently issued reports on CASH shares. Zacks Investment Research downgraded Meta Financial Group from a “strong-buy” rating to a “sell” rating in a research report on Tuesday. Keefe, Bruyette & Woods upped their price objective on Meta Financial Group from $64.00 to $67.00 and gave the company an “outperform” rating in a research report on Monday, August 15th.
Meta Financial Group (NASDAQ:CASH) opened at 60.82 on Tuesday. The stock has a 50 day moving average price of $60.15 and a 200 day moving average price of $52.24. Meta Financial Group has a 52 week low of $36.22 and a 52 week high of $62.62. The stock has a market cap of $518.43 million, a PE ratio of 15.60 and a beta of 0.47.
Meta Financial Group (NASDAQ:CASH) last issued its quarterly earnings data on Monday, July 25th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts predict that Meta Financial Group will post $3.98 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Tuesday, September 6th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.52 annualized dividend and a yield of 0.85%. Meta Financial Group’s payout ratio is currently 13.54%.
A number of institutional investors have recently added to or reduced their stakes in CASH. BlackRock Group LTD acquired a new position in Meta Financial Group during the second quarter valued at approximately $129,000. BlackRock Inc. raised 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 raised 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 approximately $222,000. Finally, TFS Capital LLC acquired a new position in Meta Financial Group during the second quarter valued at approximately $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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