Wall Street brokerages expect Meta Financial Group, Inc. (NASDAQ:CASH – Get Rating) to post $0.93 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Meta Financial Group’s earnings, with estimates ranging from $0.72 to $1.14. Meta Financial Group reported earnings per share of $1.21 in the same quarter last year, which suggests a negative year over year growth rate of 23.1%. The business is expected to report its next earnings report on Monday, January 1st.
On average, analysts expect that Meta Financial Group will report full year earnings of $5.10 per share for the current fiscal year. For the next year, analysts expect that the firm will post earnings of $6.14 per share, with EPS estimates ranging from $5.98 to $6.35. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Meta Financial Group.
Meta Financial Group (NASDAQ:CASH – Get Rating) last posted its earnings results on Thursday, April 28th. The savings and loans company reported $1.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.88 by ($0.15). Meta Financial Group had a net margin of 26.84% and a return on equity of 14.92%. The firm had revenue of $193.57 million during the quarter, compared to analysts’ expectations of $201.08 million. During the same period in the previous year, the firm posted $1.84 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis.
Shares of Meta Financial Group stock traded down $1.11 on Monday, hitting $42.54. The stock had a trading volume of 6,875 shares, compared to its average volume of 266,344. Meta Financial Group has a 52-week low of $43.26 and a 52-week high of $65.96. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.11. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 7.92 and a beta of 0.86. The company’s 50 day moving average price is $51.93 and its 200 day moving average price is $57.04.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Thursday, March 10th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Wednesday, March 9th. Meta Financial Group’s dividend payout ratio is presently 3.72%.
In other Meta Financial Group news, EVP Kia S. Tang sold 4,557 shares of the business’s stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $50.09, for a total transaction of $228,260.13. Following the transaction, the executive vice president now owns 9,477 shares in the company, valued at approximately $474,702.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Glen William Herrick sold 15,145 shares of the business’s stock in a transaction that occurred on Tuesday, February 1st. The stock was sold at an average price of $59.62, for a total value of $902,944.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,732 shares of company stock valued at $1,133,005. 2.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Emerald Mutual Fund Advisers Trust grew its holdings in shares of Meta Financial Group by 25.8% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 63,160 shares of the savings and loans company’s stock worth $3,469,000 after acquiring an additional 12,960 shares during the period. Summit Global Investments acquired a new stake in shares of Meta Financial Group in the 1st quarter worth approximately $417,000. Assenagon Asset Management S.A. grew its holdings in shares of Meta Financial Group by 151.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 131,395 shares of the savings and loans company’s stock worth $7,216,000 after acquiring an additional 79,217 shares during the period. Exane Derivatives grew its holdings in shares of Meta Financial Group by 1,481.4% in the 1st quarter. Exane Derivatives now owns 2,546 shares of the savings and loans company’s stock worth $140,000 after acquiring an additional 2,385 shares during the period. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of Meta Financial Group in the 1st quarter worth approximately $456,000. Institutional investors own 80.28% of the company’s stock.
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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