Meta Financial Group Inc. (NASDAQ:CASH) – Equities research analysts at B. Riley lowered their Q1 2019 earnings estimates for shares of Meta Financial Group in a research report issued to clients and investors on Monday, October 15th. B. Riley analyst S. Moss now anticipates that the savings and loans company will post earnings of $0.28 per share for the quarter, down from their prior forecast of $0.28. B. Riley has a “Neutral” rating and a $30.00 price target on the stock. B. Riley also issued estimates for Meta Financial Group’s Q3 2019 earnings at $0.60 EPS.
Meta Financial Group (NASDAQ:CASH) last posted its quarterly earnings results on Thursday, July 26th. The savings and loans company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.22. The business had revenue of $61.64 million for the quarter, compared to analysts’ expectations of $66.50 million. Meta Financial Group had a return on equity of 14.58% and a net margin of 14.08%.
Meta Financial Group stock opened at $25.11 on Wednesday. The stock has a market capitalization of $1.08 billion, a P/E ratio of 3.56 and a beta of 1.00. Meta Financial Group has a 12-month low of $24.79 and a 12-month high of $39.33. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.19.
The business also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 7th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Thursday, September 6th. Meta Financial Group’s payout ratio is 2.84%.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Meta Financial Group by 6.1% in the second quarter. BlackRock Inc. now owns 1,312,771 shares of the savings and loans company’s stock valued at $127,863,000 after buying an additional 76,038 shares during the period. Dimensional Fund Advisors LP lifted its stake in Meta Financial Group by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 513,087 shares of the savings and loans company’s stock valued at $49,975,000 after buying an additional 4,240 shares during the period. Northern Trust Corp lifted its stake in Meta Financial Group by 6.8% in the second quarter. Northern Trust Corp now owns 146,894 shares of the savings and loans company’s stock valued at $14,308,000 after buying an additional 9,394 shares during the period. Principal Financial Group Inc. lifted its stake in Meta Financial Group by 2.4% in the first quarter. Principal Financial Group Inc. now owns 69,641 shares of the savings and loans company’s stock valued at $7,605,000 after buying an additional 1,651 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in Meta Financial Group in the first quarter valued at about $6,590,000. 61.11% of the stock is currently owned by hedge funds and other institutional investors.
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.
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