Meta Financial Group, Inc. (NASDAQ:CASH) – Piper Sandler raised their Q2 2021 EPS estimates for shares of Meta Financial Group in a research report issued on Tuesday, April 13th. Piper Sandler analyst F. Schiraldi now forecasts that the savings and loans company will post earnings of $1.55 per share for the quarter, up from their previous estimate of $1.18. Piper Sandler also issued estimates for Meta Financial Group’s Q3 2021 earnings at $0.78 EPS, Q1 2022 earnings at $0.62 EPS, Q2 2022 earnings at $1.97 EPS, Q3 2022 earnings at $0.85 EPS and FY2022 earnings at $4.05 EPS.
A number of other research analysts have also recently commented on CASH. Zacks Investment Research cut Meta Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 29th. Raymond James raised their target price on Meta Financial Group from $42.00 to $48.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 28th. Finally, B. Riley raised their target price on Meta Financial Group from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, April 9th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $37.00.
Meta Financial Group (NASDAQ:CASH) last released its quarterly earnings data on Wednesday, January 27th. The savings and loans company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.33. The business had revenue of $111.45 million during the quarter, compared to analysts’ expectations of $106.70 million. Meta Financial Group had a return on equity of 10.41% and a net margin of 19.66%.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Wednesday, March 10th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Tuesday, March 9th. Meta Financial Group’s dividend payout ratio (DPR) is presently 8.23%.
In other Meta Financial Group news, insider Brett L. Pharr sold 685 shares of Meta Financial Group stock in a transaction on Tuesday, February 23rd. The stock was sold at an average price of $45.05, for a total value of $30,859.25. Following the completion of the sale, the insider now owns 23,483 shares of the company’s stock, valued at approximately $1,057,909.15. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brett L. Pharr sold 2,343 shares of Meta Financial Group stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $46.29, for a total value of $108,457.47. Following the completion of the sale, the insider now directly owns 19,483 shares of the company’s stock, valued at approximately $901,868.07. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,028 shares of company stock valued at $225,557. 2.40% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of CASH. Lazard Asset Management LLC increased its holdings in shares of Meta Financial Group by 220.3% in the 4th quarter. Lazard Asset Management LLC now owns 788 shares of the savings and loans company’s stock worth $28,000 after purchasing an additional 542 shares in the last quarter. Capital Asset Advisory Services LLC bought a new stake in shares of Meta Financial Group in the 4th quarter worth $28,000. Vantage Consulting Group Inc bought a new stake in shares of Meta Financial Group in the 4th quarter worth $61,000. GPS Wealth Strategies Group LLC bought a new stake in shares of Meta Financial Group in the 1st quarter worth $72,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Meta Financial Group by 227.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,880 shares of the savings and loans company’s stock worth $105,000 after purchasing an additional 2,000 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.
Meta Financial Group Company Profile
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, lease financing, insurance premium financing, warehouse financing, and healthcare receivables loans; and consumer credit products.
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