Equities research analysts expect Meta Financial Group Inc. (NASDAQ:CASH) to post earnings per share (EPS) of $1.00 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Meta Financial Group’s earnings. The lowest EPS estimate is $0.87 and the highest is $1.13. Meta Financial Group reported earnings per share of $1.22 in the same quarter last year, which suggests a negative year over year growth rate of 18%. The firm is expected to announce its next earnings results on Monday, April 29th.
On average, analysts expect that Meta Financial Group will report full-year earnings of $2.52 per share for the current financial year, with EPS estimates ranging from $2.50 to $2.54. For the next year, analysts expect that the firm will post earnings of $3.51 per share. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Meta Financial Group.
Get Meta Financial Group alerts:Meta Financial Group (NASDAQ:CASH) last released its quarterly earnings data on Monday, January 28th. The savings and loans company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Meta Financial Group had a net margin of 15.76% and a return on equity of 11.61%. The business had revenue of $98.02 million during the quarter, compared to analysts’ expectations of $98.55 million.
A number of research firms recently issued reports on CASH. Zacks Investment Research downgraded Meta Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 13th. BidaskClub upgraded Meta Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, January 31st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $36.75.
In other news, CEO Bradley C. Hanson purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were purchased at an average price of $21.43 per share, for a total transaction of $428,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Glen William Herrick purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 7th. The shares were purchased at an average price of $21.02 per share, for a total transaction of $105,100.00. Following the purchase, the chief financial officer now directly owns 209,108 shares in the company, valued at $4,395,450.16. The disclosure for this purchase can be found here. Insiders have purchased a total of 25,466 shares of company stock worth $543,505 in the last 90 days. 7.69% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in CASH. Raymond James & Associates grew its stake in shares of Meta Financial Group by 43.8% in the 2nd quarter. Raymond James & Associates now owns 11,443 shares of the savings and loans company’s stock valued at $1,115,000 after purchasing an additional 3,487 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Meta Financial Group by 148.1% in the 2nd quarter. Bank of America Corp DE now owns 27,709 shares of the savings and loans company’s stock valued at $2,699,000 after purchasing an additional 16,542 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Meta Financial Group in the 2nd quarter valued at approximately $5,084,000. California Public Employees Retirement System grew its stake in shares of Meta Financial Group by 28.1% in the 2nd quarter. California Public Employees Retirement System now owns 21,238 shares of the savings and loans company’s stock valued at $2,069,000 after purchasing an additional 4,653 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Meta Financial Group by 6.8% in the 2nd quarter. Northern Trust Corp now owns 146,894 shares of the savings and loans company’s stock valued at $14,308,000 after purchasing an additional 9,394 shares during the last quarter. Institutional investors own 24.57% of the company’s stock.
Shares of CASH traded up $0.52 during mid-day trading on Monday, reaching $24.96. The company’s stock had a trading volume of 209,344 shares, compared to its average volume of 364,334. The company has a market cap of $983.92 million, a P/E ratio of 8.88 and a beta of 1.32. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.66 and a current ratio of 0.66. Meta Financial Group has a 12-month low of $18.01 and a 12-month high of $39.28.
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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