Q1 2019 EPS Estimates for Meta Financial Group Inc. (CASH) Boosted by B. Riley

Meta Financial Group Inc. (NASDAQ:CASH) – Equities research analysts at B. Riley raised their Q1 2019 earnings estimates for shares of Meta Financial Group in a note issued to investors on Tuesday, January 8th. B. Riley analyst S. Moss now expects that the savings and loans company will post earnings of $0.48 per share for the quarter, up from their previous forecast of $0.47. B. Riley currently has a “Neutral” rating and a $30.00 target price on the stock. B. Riley also issued estimates for Meta Financial Group’s Q2 2019 earnings at $0.87 EPS and Q4 2019 earnings at $0.54 EPS.

CASH has been the topic of a number of other research reports. BidaskClub lowered shares of Meta Financial Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 25th. Raymond James boosted their price objective on shares of Meta Financial Group from $36.67 to $37.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 15th. Zacks Investment Research lowered shares of Meta Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 13th. Finally, ValuEngine lowered shares of Meta Financial Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, October 6th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Meta Financial Group presently has an average rating of “Hold” and an average target price of $37.73.

Shares of CASH stock opened at $20.87 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.61 and a current ratio of 0.61. The firm has a market capitalization of $793.12 million, a PE ratio of 7.43 and a beta of 1.15. Meta Financial Group has a 12 month low of $18.01 and a 12 month high of $39.33.

Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings data on Wednesday, October 31st. The savings and loans company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. The business had revenue of $73.15 million for the quarter, compared to analyst estimates of $82.46 million. Meta Financial Group had a net margin of 15.05% and a return on equity of 12.10%.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Shareholders of record on Tuesday, December 11th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.96%. The ex-dividend date was Monday, December 10th. Meta Financial Group’s dividend payout ratio (DPR) is currently 7.12%.

In other news, CFO Glen William Herrick purchased 5,000 shares of the company’s stock in a transaction on Friday, December 7th. The shares were purchased at an average cost of $21.02 per share, with a total value of $105,100.00. Following the completion of the transaction, the chief financial officer now owns 209,108 shares of the company’s stock, valued at approximately $4,395,450.16. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Bradley C. Hanson purchased 20,000 shares of the company’s stock in a transaction on Thursday, December 6th. The shares were purchased at an average cost of $21.43 per share, for a total transaction of $428,600.00. The disclosure for this purchase can be found here. Insiders have acquired 25,466 shares of company stock worth $543,505 over the last ninety days. Insiders own 7.69% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CASH. Citadel Advisors LLC raised its position in shares of Meta Financial Group by 27.6% in the second quarter. Citadel Advisors LLC now owns 3,800 shares of the savings and loans company’s stock valued at $370,000 after purchasing an additional 821 shares during the period. Legal & General Group Plc raised its position in shares of Meta Financial Group by 6.1% in the second quarter. Legal & General Group Plc now owns 18,068 shares of the savings and loans company’s stock valued at $1,767,000 after purchasing an additional 1,043 shares during the period. SG Americas Securities LLC raised its position in shares of Meta Financial Group by 99.5% in the second quarter. SG Americas Securities LLC now owns 2,639 shares of the savings and loans company’s stock valued at $257,000 after purchasing an additional 1,316 shares during the period. MetLife Investment Advisors LLC raised its position in shares of Meta Financial Group by 56.5% in the third quarter. MetLife Investment Advisors LLC now owns 6,601 shares of the savings and loans company’s stock valued at $546,000 after purchasing an additional 2,383 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Meta Financial Group by 5.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 48,191 shares of the savings and loans company’s stock valued at $4,694,000 after purchasing an additional 2,530 shares during the period. 21.30% 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 in the United States. The company accepts various deposit products, including statement savings accounts, money market savings accounts, negotiable order of withdrawal accounts, and checking accounts; and deposits related to prepaid cards, which primarily comprise checking accounts and certificate accounts.

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