Meta Financial Group Inc. (NASDAQ:CASH) Receives $37.50 Consensus Target Price from Analysts

Shares of Meta Financial Group Inc. (NASDAQ:CASH) have earned a consensus recommendation of “Buy” from the six research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $37.50.

A number of brokerages have issued reports on CASH. Keefe, Bruyette & Woods set a $39.00 price target on Meta Financial Group and gave the stock a “buy” rating in a research note on Friday, September 13th. BidaskClub upgraded Meta Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, September 14th. Zacks Investment Research upgraded Meta Financial Group from a “hold” rating to a “strong-buy” rating and set a $36.00 price target for the company in a research note on Thursday, August 1st. Finally, B. Riley set a $38.00 price target on Meta Financial Group and gave the stock a “buy” rating in a research note on Friday, August 23rd.

NASDAQ:CASH traded up $0.18 during trading on Friday, reaching $34.17. The company’s stock had a trading volume of 359,309 shares, compared to its average volume of 258,414. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 12.16 and a beta of 1.28. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.73 and a current ratio of 0.74. The firm has a 50 day moving average of $31.04 and a 200-day moving average of $26.41. Meta Financial Group has a 12 month low of $17.84 and a 12 month high of $34.81.

Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings data on Tuesday, July 30th. The savings and loans company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.25. The firm had revenue of $110.76 million during the quarter. Meta Financial Group had a return on equity of 11.64% and a net margin of 16.57%. Equities research analysts forecast that Meta Financial Group will post 2.76 earnings per share for the current fiscal year.

The firm also recently declared a — dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be issued a $0.05 dividend. The ex-dividend date is Monday, September 9th. This represents a dividend yield of 0.6%. Meta Financial Group’s payout ratio is currently 7.12%.

In other Meta Financial Group news, Director William David Tull sold 22,200 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $27.10, for a total value of $601,620.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 86,512 shares of company stock worth $2,333,525. Insiders own 7.69% of the company’s stock.

Several large investors have recently added to or reduced their stakes in CASH. Dimensional Fund Advisors LP increased its position in shares of Meta Financial Group by 195.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,530,076 shares of the savings and loans company’s stock valued at $29,668,000 after purchasing an additional 1,012,492 shares during the last quarter. Summit Global Investments bought a new position in shares of Meta Financial Group during the 2nd quarter valued at about $816,000. Nuveen Asset Management LLC bought a new position in shares of Meta Financial Group during the 2nd quarter valued at about $15,377,000. BlackRock Inc. increased its position in shares of Meta Financial Group by 10.7% during the 2nd quarter. BlackRock Inc. now owns 4,634,360 shares of the savings and loans company’s stock valued at $129,993,000 after purchasing an additional 448,762 shares during the last quarter. Finally, Phocas Financial Corp. increased its position in shares of Meta Financial Group by 174.7% during the 1st quarter. Phocas Financial Corp. now owns 381,372 shares of the savings and loans company’s stock valued at $7,505,000 after purchasing an additional 242,562 shares during the last quarter. 75.23% of the stock is currently owned by hedge funds and other institutional investors.

About Meta Financial Group

Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services in the United States. The company accepts various deposit products, including statement savings accounts, money market savings accounts, negotiable order of withdrawal accounts, and checking accounts; and deposits related to prepaid cards, which primarily comprise checking accounts and certificate accounts.

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