Zacks: Meta Financial Group, Inc. (NASDAQ:CASH) Given $109.33 Consensus Target Price by Analysts
Shares of Meta Financial Group, Inc. (NASDAQ:CASH) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price objective of $109.33 for the company and are predicting that the company will post $1.19 earnings per share for the current quarter, according to Zacks. Zacks has also given Meta Financial Group an industry rank of 163 out of 265 based on the ratings given to related companies.
Several research analysts recently issued reports on CASH shares. ValuEngine upgraded shares of Meta Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Meta Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, March 20th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $121.00 target price on shares of Meta Financial Group in a research report on Monday, June 26th. FBR & Co set a $130.00 target price on shares of Meta Financial Group and gave the stock a “buy” rating in a research report on Thursday, June 1st. Finally, BidaskClub upgraded shares of Meta Financial Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th.
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In other Meta Financial Group news, Chairman J Tyler Haahr sold 5,000 shares of the business’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $86.27, for a total value of $431,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas J. Hajek sold 440 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $90.31, for a total transaction of $39,736.40. Following the completion of the sale, the director now directly owns 2,867 shares of the company’s stock, valued at $258,918.77. The disclosure for this sale can be found here. Insiders sold 15,440 shares of company stock valued at $1,355,336 over the last three months. 6.06% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. purchased a new position in shares of Meta Financial Group during the fourth quarter valued at approximately $2,700,000. State Board of Administration of Florida Retirement System purchased a new position in shares of Meta Financial Group during the fourth quarter valued at approximately $336,000. State Street Corp increased its position in shares of Meta Financial Group by 10.1% in the fourth quarter. State Street Corp now owns 155,125 shares of the savings and loans company’s stock valued at $15,966,000 after buying an additional 14,243 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Meta Financial Group by 8.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 420,331 shares of the savings and loans company’s stock valued at $43,252,000 after buying an additional 33,724 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. purchased a new position in shares of Meta Financial Group during the fourth quarter valued at approximately $103,000. 73.81% of the stock is owned by hedge funds and other institutional investors.
Meta Financial Group (NASDAQ CASH) opened at 91.90 on Tuesday. Meta Financial Group has a 52 week low of $51.01 and a 52 week high of $106.90. The stock has a 50 day moving average price of $87.11 and a 200-day moving average price of $91.04. The company has a market capitalization of $859.17 million, a PE ratio of 16.90 and a beta of 0.93.
Meta Financial Group (NASDAQ:CASH) last announced its earnings results on Wednesday, April 26th. The savings and loans company reported $4.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.96 by $0.15. Meta Financial Group had a net margin of 19.51% and a return on equity of 16.92%. The company had revenue of $116.14 million during the quarter, compared to analyst estimates of $118.38 million. On average, equities analysts predict that Meta Financial Group will post $5.44 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Wednesday, June 7th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.57%. The ex-dividend date was Monday, June 5th. Meta Financial Group’s dividend payout ratio is presently 9.81%.
About Meta Financial Group
Meta Financial Group, Inc is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. MetaBank is both a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves and a payments company providing services on a nationwide basis.
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