Meta Financial Group Inc. (NASDAQ:CASH) – Equities researchers at FBR & Co dropped their Q3 2018 earnings per share estimates for Meta Financial Group in a report released on Friday. FBR & Co analyst S. Moss now forecasts that the savings and loans company will post earnings of $1.39 per share for the quarter, down from their previous estimate of $1.54. FBR & Co currently has a “Market Perform” rating and a $95.00 target price on the stock. FBR & Co also issued estimates for Meta Financial Group’s Q4 2018 earnings at $1.08 EPS.
A number of other research firms also recently issued reports on CASH. Keefe, Bruyette & Woods restated a “buy” rating and set a $121.00 price objective on shares of Meta Financial Group in a report on Thursday, July 27th. BidaskClub upgraded shares of Meta Financial Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. ValuEngine lowered shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 26th. Finally, Zacks Investment Research upgraded shares of Meta Financial Group from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research report on Tuesday, June 27th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $104.33.
Shares of Meta Financial Group (CASH) traded down 0.63% during trading on Monday, reaching $70.85. 57,665 shares of the company’s stock were exchanged. The stock has a market cap of $662.38 million, a PE ratio of 13.06 and a beta of 0.93. Meta Financial Group has a 52-week low of $54.13 and a 52-week high of $106.90. The stock’s 50 day moving average price is $89.04 and its 200-day moving average price is $88.96.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Wednesday, June 7th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Monday, June 5th. Meta Financial Group’s payout ratio is currently 9.81%.
In related news, Director Douglas J. Hajek sold 440 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $90.31, for a total value of $39,736.40. Following the transaction, the director now owns 2,867 shares in the company, valued at approximately $258,918.77. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman J Tyler Haahr sold 5,000 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $86.27, for a total transaction of $431,350.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,440 shares of company stock worth $1,355,336. Insiders own 6.06% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Strs Ohio raised its position in shares of Meta Financial Group by 4.7% in the second quarter. Strs Ohio now owns 9,000 shares of the savings and loans company’s stock worth $801,000 after buying an additional 400 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Meta Financial Group during the second quarter valued at approximately $231,000. Boston Advisors LLC acquired a new stake in Meta Financial Group during the second quarter valued at approximately $2,662,000. Legato Capital Management LLC acquired a new stake in Meta Financial Group during the second quarter valued at approximately $1,851,000. Finally, Tudor Investment Corp ET AL acquired a new stake in Meta Financial Group during the first quarter valued at approximately $325,000. Institutional investors own 74.16% 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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