Brokerages predict that Meta Financial Group Inc. (NASDAQ:CASH) will post $136.31 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Meta Financial Group’s earnings. The lowest sales estimate is $127.30 million and the highest is $145.32 million. Meta Financial Group reported sales of $116.14 million in the same quarter last year, which indicates a positive year over year growth rate of 17.4%. The company is scheduled to report its next quarterly earnings report on Wednesday, April 25th.
According to Zacks, analysts expect that Meta Financial Group will report full-year sales of $136.31 million for the current financial year, with estimates ranging from $344.20 million to $365.59 million. For the next financial year, analysts forecast that the firm will report sales of $497.46 million per share, with estimates ranging from $466.20 million to $528.71 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Meta Financial Group.
Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings results on Tuesday, January 30th. The savings and loans company reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $58.46 million for the quarter, compared to analysts’ expectations of $54.47 million.
Several equities research analysts have recently weighed in on CASH shares. Zacks Investment Research upgraded Meta Financial Group from a “hold” rating to a “strong-buy” rating and set a $118.00 price target on the stock in a research report on Friday, January 19th. BidaskClub upgraded Meta Financial Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 20th. B. Riley upped their price target on Meta Financial Group from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $125.00 price target on shares of Meta Financial Group in a research report on Thursday, January 11th. Finally, Lake Street Capital started coverage on Meta Financial Group in a research report on Monday, January 8th. They set a “buy” rating and a $120.00 price target on the stock. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Meta Financial Group presently has a consensus rating of “Buy” and a consensus target price of $116.60.
Shares of Meta Financial Group (CASH) traded up $3.20 on Friday, hitting $116.20. The stock had a trading volume of 58,341 shares, compared to its average volume of 69,536. Meta Financial Group has a 12-month low of $60.70 and a 12-month high of $117.97. The company has a market capitalization of $1,120.00, a PE ratio of 20.94 and a beta of 1.19. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.58 and a current ratio of 0.58.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 12th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Friday, March 9th. Meta Financial Group’s dividend payout ratio (DPR) is 9.42%.
Several hedge funds have recently bought and sold shares of the stock. Ashford Capital Management Inc. increased its position in shares of Meta Financial Group by 15.8% in the fourth quarter. Ashford Capital Management Inc. now owns 341,617 shares of the savings and loans company’s stock worth $31,651,000 after purchasing an additional 46,502 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in shares of Meta Financial Group in the fourth quarter worth approximately $391,000. Teachers Retirement System of The State of Kentucky increased its position in shares of Meta Financial Group by 42.9% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 3,000 shares of the savings and loans company’s stock worth $278,000 after purchasing an additional 900 shares during the last quarter. Deutsche Bank AG increased its position in shares of Meta Financial Group by 139.9% in the fourth quarter. Deutsche Bank AG now owns 20,167 shares of the savings and loans company’s stock worth $1,867,000 after purchasing an additional 11,759 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Meta Financial Group in the fourth quarter worth approximately $2,800,000. Institutional investors own 78.90% of the company’s stock.
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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