Meta Financial Group Inc. (NASDAQ:CASH) had its target price raised by investment analysts at Keefe, Bruyette & Woods from $67.00 to $79.00 in a research note issued on Tuesday, StockTargetPrices.com reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 25.06% from the company’s previous close.
Separately, Zacks Investment Research cut shares of Meta Financial Group from a “strong-buy” rating to a “sell” rating in a report on Tuesday, September 27th.
Meta Financial Group (NASDAQ:CASH) traded up 3.25% during midday trading on Tuesday, reaching $65.22. 9,846 shares of the company’s stock traded hands. The stock has a market capitalization of $555.94 million, a price-to-earnings ratio of 16.73 and a beta of 0.51. Meta Financial Group has a 52 week low of $36.22 and a 52 week high of $65.29. The company’s 50-day moving average price is $60.35 and its 200 day moving average price is $52.62.
Meta Financial Group (NASDAQ:CASH) last announced its earnings results on Monday, July 25th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.86 by $0.18. Meta Financial Group had a net margin of 18.45% and a return on equity of 11.22%. On average, equities research analysts expect that Meta Financial Group will post $3.98 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Tuesday, September 6th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Thursday, September 1st. Meta Financial Group’s payout ratio is 13.54%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Patriot Financial Partners GP LP raised its stake in Meta Financial Group by 8.7% in the second quarter. Patriot Financial Partners GP LP now owns 307,069 shares of the company’s stock worth $15,648,000 after buying an additional 24,500 shares during the period. State Street Corp raised its stake in Meta Financial Group by 1.0% in the first quarter. State Street Corp now owns 115,580 shares of the company’s stock worth $5,274,000 after buying an additional 1,129 shares during the period. Systematic Financial Management LP bought a new stake in Meta Financial Group during the second quarter worth about $1,318,000. Sippican Capital Advisors bought a new stake in Meta Financial Group during the second quarter worth about $281,000. Finally, California Public Employees Retirement System raised its stake in Meta Financial Group by 552.6% in the second quarter. California Public Employees Retirement System now owns 73,810 shares of the company’s stock worth $3,761,000 after buying an additional 62,500 shares during the period.
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. 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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