Q1 2018 Earnings Forecast for Meta Financial Group, Inc. Issued By FBR & Co (CASH)

Meta Financial Group, Inc. (NASDAQ:CASH) – Analysts at FBR & Co reduced their Q1 2018 earnings per share estimates for Meta Financial Group in a report released on Tuesday. FBR & Co analyst S. Moss now expects that the savings and loans company will post earnings per share of $0.48 for the quarter, down from their previous estimate of $0.50. FBR & Co has a “Buy” rating and a $95.00 price objective on the stock. FBR & Co also issued estimates for Meta Financial Group’s Q2 2018 earnings at $4.18 EPS, Q3 2018 earnings at $1.19 EPS and FY2018 earnings at $7.20 EPS.

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Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. 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 Thursday, July 27th. BidaskClub upgraded shares of Meta Financial Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. ValuEngine lowered shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 24th. Finally, B. Riley upgraded shares of Meta Financial Group from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Wednesday. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $94.50.

In other news, Director Frederick V. Moore acquired 1,393 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was purchased at an average price of $71.70 per share, with a total value of $99,878.10. Following the purchase, the director now owns 100 shares of the company’s stock, valued at approximately $7,170. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman J Tyler Haahr sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $73.07, for a total transaction of $365,350.00. The disclosure for this sale can be found here. Company insiders own 6.06% of the company’s stock.

A number of institutional investors have recently bought and sold shares of CASH. Wells Fargo & Company MN boosted its stake in Meta Financial Group by 1.4% in the 1st quarter. Wells Fargo & Company MN now owns 5,531 shares of the savings and loans company’s stock worth $490,000 after purchasing an additional 78 shares during the period. Bank of New York Mellon Corp boosted its stake in Meta Financial Group by 7.0% in the 1st quarter. Bank of New York Mellon Corp now owns 54,175 shares of the savings and loans company’s stock worth $4,794,000 after purchasing an additional 3,532 shares during the period. Victory Capital Management Inc. acquired a new position in Meta Financial Group in the 1st quarter worth approximately $122,000. American International Group Inc. boosted its stake in Meta Financial Group by 7.1% in the 1st quarter. American International Group Inc. now owns 5,071 shares of the savings and loans company’s stock worth $449,000 after purchasing an additional 337 shares during the period. Finally, Teachers Advisors LLC boosted its stake in Meta Financial Group by 2.1% in the 1st quarter. Teachers Advisors LLC now owns 14,134 shares of the savings and loans company’s stock worth $1,251,000 after purchasing an additional 297 shares during the period. 73.91% of the stock is owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for Meta Financial Group (NASDAQ:CASH)

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