Zacks Investment Research upgraded shares of Meta Financial Group Inc. (NASDAQ:CASH) from a sell rating to a buy rating in a research note released on Friday. They currently have $75.00 target price on the stock.
According to Zacks, “Meta Financial Group, Inc. is the holding company for federally chartered savings bank MetaBank, Member FDIC. Headquartered in Sioux Falls, S.D., MetaBank operates in both the Banking and Payments industries: MetaBank, its retail banking division; Meta Payment Systems, its electronic payments division; AFS/IBEX, its insurance premium finance division; and Refund Advantage, its tax refund-transfer software division. The synergies among the four provide a unique business model for the company. “
Separately, Keefe, Bruyette & Woods boosted their price objective on Meta Financial Group from $67.00 to $79.00 and gave the stock an outperform rating in a report on Tuesday, October 4th.
Meta Financial Group (NASDAQ:CASH) opened at 66.39 on Friday. The firm’s 50-day moving average is $61.98 and its 200-day moving average is $53.54. The firm has a market capitalization of $565.91 million, a PE ratio of 17.03 and a beta of 0.51. Meta Financial Group has a 12 month low of $36.22 and a 12 month high of $67.87.
Meta Financial Group (NASDAQ:CASH) last posted its quarterly earnings data on Monday, July 25th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.18. Meta Financial Group had a return on equity of 11.22% and a net margin of 18.45%. On average, equities research analysts expect that Meta Financial Group will post $3.98 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Tuesday, September 6th were issued a $0.13 dividend. The ex-dividend date of this dividend was Thursday, September 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.78%. Meta Financial Group’s dividend payout ratio is 13.54%.
Institutional investors have recently modified their holdings of the stock. Stifel Financial Corp increased its position in shares of Meta Financial Group by 27.8% in the second quarter. Stifel Financial Corp now owns 6,432 shares of the company’s stock worth $328,000 after buying an additional 1,400 shares in the last quarter. Pinkerton Retirement Specialists LLC acquired a new position in shares of Meta Financial Group during the second quarter worth $10,354,000. Metropolitan Life Insurance Co. NY increased its position in shares of Meta Financial Group by 27.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 6,264 shares of the company’s stock worth $319,000 after buying an additional 1,357 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of Meta Financial Group during the second quarter worth $429,000. Finally, Ashford Capital Management Inc. increased its position in shares of Meta Financial Group by 4.4% in the second quarter. Ashford Capital Management Inc. now owns 400,450 shares of the company’s stock worth $20,407,000 after buying an additional 17,000 shares in the last quarter.
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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