Meta Financial Group (CASH) Scheduled to Post Quarterly Earnings on Thursday

Meta Financial Group (NASDAQ:CASHGet Rating) will be announcing its earnings results after the market closes on Thursday, April 28th. Analysts expect the company to announce earnings of $1.88 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Meta Financial Group (NASDAQ:CASHGet Rating) last announced its earnings results on Wednesday, January 26th. The savings and loans company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The business had revenue of $158.20 million during the quarter, compared to analysts’ expectations of $115.17 million. Meta Financial Group had a return on equity of 15.89% and a net margin of 28.68%. During the same quarter in the prior year, the firm earned $0.84 earnings per share. On average, analysts expect Meta Financial Group to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of Meta Financial Group stock opened at $49.52 on Thursday. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 8.92 and a beta of 0.86. Meta Financial Group has a fifty-two week low of $43.64 and a fifty-two week high of $65.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.73 and a current ratio of 0.73. The stock has a 50 day moving average of $53.47 and a 200 day moving average of $57.59.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Thursday, March 10th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Wednesday, March 9th. Meta Financial Group’s payout ratio is currently 3.60%.

In other Meta Financial Group news, Director Michael Robert Kramer sold 2,300 shares of the stock in a transaction that occurred on Monday, January 31st. The shares were sold at an average price of $60.00, for a total value of $138,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Glen William Herrick sold 15,145 shares of the stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $59.62, for a total transaction of $902,944.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,032 shares of company stock worth $1,271,005. 2.00% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Deutsche Bank AG lifted its position in shares of Meta Financial Group by 519.0% during the 4th quarter. Deutsche Bank AG now owns 132,402 shares of the savings and loans company’s stock worth $7,899,000 after buying an additional 111,011 shares during the period. Barclays PLC grew its stake in Meta Financial Group by 256.6% in the fourth quarter. Barclays PLC now owns 120,207 shares of the savings and loans company’s stock valued at $7,171,000 after acquiring an additional 86,501 shares during the period. Morgan Stanley grew its stake in Meta Financial Group by 54.3% in the second quarter. Morgan Stanley now owns 178,537 shares of the savings and loans company’s stock valued at $9,039,000 after acquiring an additional 62,840 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Meta Financial Group by 78.0% in the fourth quarter. Wells Fargo & Company MN now owns 37,529 shares of the savings and loans company’s stock valued at $2,239,000 after purchasing an additional 16,448 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Meta Financial Group during the fourth quarter worth about $660,000. Hedge funds and other institutional investors own 84.64% of the company’s stock.

Several equities analysts have issued reports on the company. Zacks Investment Research lowered Meta Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 11th. StockNews.com began coverage on shares of Meta Financial Group in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, B. Riley cut their price objective on Meta Financial Group from $70.00 to $65.00 in a research report on Tuesday, April 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Meta Financial Group presently has a consensus rating of “Buy” and an average price target of $62.75.

About Meta Financial Group (Get Rating)

Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services in the United States. It operates through three segments: Consumer, Commercial, and Corporate Services/Other. The company offers demand deposit accounts, savings accounts, money market savings accounts, and certificate accounts; term lending, asset-based lending, factoring, leasing, insurance premium financing, government guaranteed lending, and other commercial finance products; warehouse financing; healthcare receivables loans; and consumer credit products.

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Earnings History for Meta Financial Group (NASDAQ:CASH)

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