Meta Financial Group, Inc. (CASH) Given $100.00 Average Price Target by Analysts
Meta Financial Group, Inc. (NASDAQ:CASH) has been given an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Brokers have set a 1 year consensus price target of $100.00 for the company and are forecasting that the company will post ($0.30) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Meta Financial Group an industry rank of 159 out of 265 based on the ratings given to its competitors.
A number of research firms recently commented on CASH. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $88.00 target price on shares of Meta Financial Group in a research report on Thursday, October 12th. Zacks Investment Research raised shares of Meta Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. BidaskClub downgraded shares of Meta Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. FBR & Co reaffirmed a “hold” rating and issued a $95.00 target price on shares of Meta Financial Group in a research report on Wednesday, October 11th. Finally, ValuEngine downgraded shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th.
Shares of Meta Financial Group (NASDAQ CASH) traded up 2.01% during midday trading on Friday, hitting $83.90. 44,933 shares of the stock were exchanged. The company has a market cap of $784.38 million, a PE ratio of 15.47 and a beta of 0.88. The stock has a 50 day moving average price of $78.11 and a 200-day moving average price of $81.85. Meta Financial Group has a 12 month low of $60.70 and a 12 month high of $106.90.
The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 8th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, September 7th. Meta Financial Group’s dividend payout ratio (DPR) is 9.81%.
In related news, 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 transaction, the director now directly owns 100 shares of the company’s stock, valued at approximately $7,175. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman J Tyler Haahr sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $73.07, for a total transaction of $365,350.00. The disclosure for this sale can be found here. Company insiders own 6.06% of the company’s stock.
Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in Meta Financial Group during the 2nd quarter worth $112,000. Victory Capital Management Inc. purchased a new position in Meta Financial Group during the 1st quarter worth $122,000. LS Investment Advisors LLC purchased a new position in Meta Financial Group during the 3rd quarter worth $152,000. Legal & General Group Plc grew its position in Meta Financial Group by 6.6% during the 2nd quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock worth $186,000 after purchasing an additional 130 shares during the last quarter. Finally, Bank of America Corp DE grew 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 purchasing an additional 980 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.
Meta Financial Group Company Profile
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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