The FBR & Co Equities Analysts Increase Earnings Estimates for Meta Financial Group Inc. (CASH)

The FBR & Co Equities Analysts Increase Earnings Estimates for Meta Financial Group Inc. (CASH)

Meta Financial Group Inc. (NASDAQ:CASH) – Equities research analysts at FBR & Co increased their FY2017 earnings estimates for Meta Financial Group in a research report issued to clients and investors on Thursday. FBR & Co analyst S. Moss now expects that the savings and loans company will earn $5.39 per share for the year, up from their prior forecast of $5.34. FBR & Co has a “Buy” rating and a $130.00 price objective on the stock. FBR & Co also issued estimates for Meta Financial Group’s Q4 2017 earnings at $0.66 EPS, Q2 2018 earnings at $4.95 EPS and FY2018 earnings at $8.36 EPS.

Several other brokerages have also recently issued reports on CASH. Zacks Investment Research upgraded shares of Meta Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, March 20th. ValuEngine cut shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 26th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $121.00 price target on shares of Meta Financial Group in a research report on Wednesday, April 5th.

Several other brokerages have also recently issued reports on CASH. Zacks Investment Research upgraded shares of Meta Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, March 20th. ValuEngine cut shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 26th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $121.00 price target on shares of Meta Financial Group in a research report on Wednesday, April 5th. Meta Financial Group (NASDAQ CASH) opened at 87.40 on Monday. Meta Financial Group has a 52 week low of $48.97 and a 52 week high of $106.90. The company has a market capitalization of $817.10 million, a PE ratio of 16.07 and a beta of 0.98. The firm has a 50-day moving average of $86.37 and a 200-day moving average of $91.50.

Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings data on Wednesday, April 26th. The savings and loans company reported $4.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.96 by $0.15. Meta Financial Group had a net margin of 16.09% and a return on equity of 10.95%. The firm had revenue of $116.14 million for the quarter, compared to analysts’ expectations of $118.38 million. Several large investors have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. purchased a new stake in Meta Financial Group during the fourth quarter worth approximately $103,000. Victory Capital Management Inc. purchased a new stake in Meta Financial Group during the first quarter worth approximately $122,000. Bank of America Corp DE raised its stake in Meta Financial Group by 86.6% in the first quarter. Bank of America Corp DE now owns 2,112 shares of the savings and loans company’s stock worth $187,000 after buying an additional 980 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in Meta Financial Group during the fourth quarter worth approximately $302,000. Finally, Tudor Investment Corp ET AL purchased a new stake in Meta Financial Group during the first quarter worth approximately $325,000. 69.59% of the stock is currently owned by institutional investors.

In other news, Chairman J Tyler Haahr sold 5,000 shares of the company’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $86.27, for a total value of $431,350.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Elizabeth G. Hoople acquired 1,000 shares of Meta Financial Group stock in a transaction dated Monday, May 15th. The stock was purchased at an average cost of $83.63 per share, for a total transaction of $83,630.00. Following the completion of the purchase, the director now owns 4,000 shares in the company, valued at approximately $334,520. The disclosure for this purchase can be found here. Corporate insiders own 6.06% of the company’s stock. The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Wednesday, June 7th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Monday, June 5th. Meta Financial Group’s dividend payout ratio is currently 14.61%.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CASH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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