Meta Financial Group, Inc. (NASDAQ: CASH) – Investment analysts at B. Riley increased their estimates of first quarter 2022 EPS for Meta Financial Group in a report released Thursday, October 28. B. Riley analyst S. Moss now expects the savings and loan company to earn $ 0.88 per share for the quarter, up from its previous forecast of 0.75 $. B. Riley has a “Buy” rating and a target price of $ 68.00 on the stock. B. Riley also released estimates for Meta Financial Group’s first quarter 2023 earnings at $ 0.87 per share, third quarter 2023 earnings at $ 1.42 per share, and fiscal 2023 earnings at 5. , $ 80 per share.
A number of other analysts have also recently commented on the company. Raymond James raised his price target on Meta Financial Group from $ 63.00 to $ 70.00 and gave the stock a “strong buy” rating in a research note Thursday. Piper Sandler raised her price target on Meta Financial Group from $ 55.00 to $ 60.00 and rated the stock “overweight” in a research note on Thursday, July 29. Ultimately, Zacks investment research upgraded Meta Financial Group from a âcustodyâ rating to a âbuyâ rating and set a price target of $ 56.00 on the stock in a research note on Friday, July 30. Three equity research analysts rated the stock with a buy rating and one gave the stock a high buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $ 63.50.
CASH opened at $ 55.44 on Friday. Meta Financial Group has a one-year low of $ 27.93 and a one-year high of $ 62.97. The company has a debt ratio of 0.11, a quick ratio of 0.68, and a current ratio of 0.71. The stock’s fifty-day moving average is $ 53.84 and its 200-day moving average is $ 51.22. The company has a market cap of $ 1.77 billion, a PE ratio of 12.63 and a beta of 0.87. Meta Financial Group (NASDAQ: CASH) last released its quarterly earnings data on Wednesday, October 27. The savings and loan company reported EPS of $ 0.50 for the quarter, missing Zacks’ consensus estimate of $ 0.81 ($ 0.31). Meta Financial Group recorded a return on equity of 16.43% and a net margin of 25.07%. During the same period of the previous year, the company posted earnings per share of $ 0.38.
The company also recently declared a quarterly dividend, which was paid on Friday, October 1. Shareholders of record on Thursday, September 9, received a dividend of $ 0.05 per share. The ex-dividend date of this dividend was Wednesday, September 8. This represents an annualized dividend of $ 0.20 and a dividend yield of 0.36%. Meta Financial Group’s dividend payout ratio (DPR) is currently 4.57%.
In other news from Meta Financial Group, EVP Anthony M. Sharett sold 589 shares of the company in a transaction that took place on Thursday, September 23. The stock was sold for an average price of $ 51.69, for a total value of $ 30,445.41. The transaction has been disclosed in a legal file with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the shares are currently held by insiders.
A number of institutional investors and hedge funds have recently changed their positions in CASH. JPMorgan Chase & Co. strengthened its position in Meta Financial Group by 98.6% in the 1st quarter. JPMorgan Chase & Co. now owns 157,909 shares of the savings and loan company valued at $ 7,155,000 after purchasing an additional 78,391 shares in the last quarter. Geode Capital Management LLC increased its stake in Meta Financial Group by 3.7% during the 1st quarter. Geode Capital Management LLC now owns 559,556 shares of the savings and loan company valued at $ 25,353,000 after purchasing an additional 19,825 shares during the period. Guggenheim Capital LLC increased its stake in Meta Financial Group by 27.5% during the 1st quarter. Guggenheim Capital LLC now owns 15,141 shares of the savings and loan company valued at $ 686,000 after purchasing an additional 3,265 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Meta Financial Group shares by 28.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,624 shares of the savings and loan company valued at $ 119,000 after purchasing an additional 584 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in Meta Financial Group shares by 5.8% in the first quarter. UBS Asset Management Americas Inc. now owns 26,379 shares of the savings and loan company valued at $ 1,195,000 after purchasing an additional 1,449 shares during the period. Hedge funds and other institutional investors hold 79.69% of the company’s shares.
About Meta Financial Group
Meta Financial Group, Inc. operates as a financial holding company, which provides savings and loan services. The company operates in the following business segments: consumer, commercial and business services and others. The consumer segment provides meta-payment systems (MPS), consumer credit products, warehouse finance, and other tax services.
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