Shares of Meta Financial Group Inc. (NASDAQ:CASH) have earned an average recommendation of “Buy” from the nine analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $110.00.
A number of analysts recently commented on CASH shares. BidaskClub upgraded Meta Financial Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 5th. Sandler O’Neill set a $120.00 price objective on Meta Financial Group and gave the stock a “buy” rating in a research report on Monday, August 6th. B. Riley dropped their price objective on Meta Financial Group from $135.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, June 21st. Zacks Investment Research upgraded Meta Financial Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Finally, ValuEngine cut Meta Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, June 15th.
Shares of CASH stock traded down $0.75 during mid-day trading on Friday, reaching $82.50. The stock had a trading volume of 59,500 shares, compared to its average volume of 69,482. Meta Financial Group has a 12-month low of $77.20 and a 12-month high of $117.97. The stock has a market cap of $1.10 billion, a P/E ratio of 11.75 and a beta of 1.07. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.19.
Meta Financial Group shares are set to split on Friday, October 5th. The 3-1 split was announced on Tuesday, August 28th. The newly created shares will be issued to shareholders after the market closes on Thursday, October 4th.
Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings results on Thursday, July 26th. The savings and loans company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.66. Meta Financial Group had a return on equity of 14.58% and a net margin of 14.08%. The business had revenue of $61.64 million during the quarter, compared to analysts’ expectations of $66.50 million. sell-side analysts anticipate that Meta Financial Group will post 6.16 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 1st. Investors 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 yield of 0.73%. The ex-dividend date is Thursday, September 6th. This is a boost from Meta Financial Group’s previous quarterly dividend of $0.13. Meta Financial Group’s dividend payout ratio (DPR) is currently 8.51%.
A number of institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc grew its holdings in Meta Financial Group by 3.4% in the 1st quarter. Legal & General Group Plc now owns 17,025 shares of the savings and loans company’s stock valued at $1,860,000 after buying an additional 562 shares during the period. Citigroup Inc. grew its holdings in Meta Financial Group by 17.2% in the 1st quarter. Citigroup Inc. now owns 3,939 shares of the savings and loans company’s stock valued at $430,000 after buying an additional 578 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in Meta Financial Group by 23.7% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 3,338 shares of the savings and loans company’s stock valued at $325,000 after buying an additional 640 shares during the period. Swiss National Bank grew its holdings in Meta Financial Group by 5.4% in the 1st quarter. Swiss National Bank now owns 15,600 shares of the savings and loans company’s stock valued at $1,704,000 after buying an additional 800 shares during the period. Finally, Citadel Advisors LLC grew its holdings in Meta Financial Group by 27.6% in the 2nd quarter. Citadel Advisors LLC now owns 3,800 shares of the savings and loans company’s stock valued at $370,000 after buying an additional 821 shares during the period. Hedge funds and other institutional investors own 61.11% 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.
See Also: What is the Dividend Aristocrat Index?
Receive News & Ratings for Meta Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Meta Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.