FY2017 Earnings Estimate for Meta Financial Group, Inc. (CASH) Issued By FBR & Co
Meta Financial Group, Inc. (NASDAQ:CASH) – Research analysts at FBR & Co reduced their FY2017 earnings per share estimates for shares of Meta Financial Group in a report released on Wednesday. FBR & Co analyst S. Moss now expects that the savings and loans company will earn $4.25 per share for the year, down from their previous forecast of $4.27. FBR & Co currently has a “Hold” rating and a $95.00 price target on the stock. FBR & Co also issued estimates for Meta Financial Group’s Q1 2018 earnings at $0.50 EPS and Q3 2018 earnings at $1.37 EPS.
A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut Meta Financial Group from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $121.00 price objective on shares of Meta Financial Group in a research note on Thursday, July 27th. BidaskClub upgraded Meta Financial Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, ValuEngine cut Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 24th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Meta Financial Group currently has a consensus rating of “Hold” and an average target price of $91.50.
Meta Financial Group (NASDAQ:CASH) opened at 85.00 on Thursday. The company has a market cap of $794.67 million, a price-to-earnings ratio of 15.67 and a beta of 0.88. Meta Financial Group has a 52-week low of $60.70 and a 52-week high of $106.90. The stock has a 50 day moving average of $73.86 and a 200-day moving average of $82.27.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Thursday, September 7th. Meta Financial Group’s dividend payout ratio (DPR) is presently 9.81%.
In related news, Chairman J Tyler Haahr sold 5,000 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $73.07, for a total value of $365,350.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Frederick V. Moore sold 450 shares of the stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $71.75, for a total value of $32,287.50. Following the completion of the sale, the director now owns 100 shares in the company, valued at approximately $7,175. The disclosure for this sale can be found here. 6.06% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in Meta Financial Group in the 2nd quarter valued at $112,000. Victory Capital Management Inc. bought a new stake in Meta Financial Group in the 1st quarter valued at $122,000. Legal & General Group Plc raised its stake in Meta Financial Group by 6.6% in the 2nd quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock valued at $186,000 after acquiring an additional 130 shares during the period. Bank of America Corp DE increased its position in Meta Financial Group by 86.6% during the 1st quarter. Bank of America Corp DE now owns 2,112 shares of the savings and loans company’s stock worth $187,000 after buying an additional 980 shares during the period. Finally, 1st Global Advisors Inc. increased its position in Meta Financial Group by 1.3% during the 2nd quarter. 1st Global Advisors Inc. now owns 2,461 shares of the savings and loans company’s stock worth $219,000 after buying an additional 32 shares during the period. Institutional investors and hedge funds own 74.23% of the company’s stock.
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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