Meta Financial Group Inc. (CASH) PT Raised to $79.00 at Keefe, Bruyette & Woods
Meta Financial Group Inc. (NASDAQ:CASH) had its price objective hoisted by equities research analysts at Keefe, Bruyette & Woods from $67.00 to $79.00 in a research note issued to investors on Tuesday. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 18.21% from the stock’s current price.
Separately, Zacks Investment Research downgraded shares of Meta Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
Meta Financial Group (NASDAQ:CASH) opened at 66.83 on Tuesday. Meta Financial Group has a 12 month low of $36.22 and a 12 month high of $66.99. The stock’s 50 day moving average price is $60.88 and its 200-day moving average price is $52.89. The firm has a market capitalization of $569.66 million, a P/E ratio of 17.14 and a beta of 0.51.
Meta Financial Group (NASDAQ:CASH) last announced its quarterly earnings results on Monday, July 25th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.18. Meta Financial Group had a net margin of 18.45% and a return on equity of 11.22%. Equities analysts forecast that Meta Financial Group will post $3.98 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Tuesday, September 6th were issued a $0.13 dividend. The ex-dividend date was Thursday, September 1st. This represents a $0.52 annualized dividend and a yield of 0.78%. Meta Financial Group’s dividend payout ratio (DPR) is presently 13.54%.
A number of hedge funds have recently bought and sold shares of CASH. Pinkerton Retirement Specialists LLC bought a new stake in Meta Financial Group during the second quarter valued at $10,354,000. Nantahala Capital Management LLC increased its stake in Meta Financial Group by 7.3% in the first quarter. Nantahala Capital Management LLC now owns 471,198 shares of the company’s stock valued at $21,487,000 after buying an additional 31,890 shares during the period. Ashford Capital Management Inc. increased its stake in Meta Financial Group by 4.4% in the second quarter. Ashford Capital Management Inc. now owns 400,450 shares of the company’s stock valued at $20,407,000 after buying an additional 17,000 shares during the period. Dimensional Fund Advisors LP increased its stake in Meta Financial Group by 15.0% in the second quarter. Dimensional Fund Advisors LP now owns 338,962 shares of the company’s stock valued at $17,273,000 after buying an additional 44,089 shares during the period. Finally, Patriot Financial Partners GP LP increased its stake in Meta Financial Group by 8.7% in the second quarter. Patriot Financial Partners GP LP now owns 307,069 shares of the company’s stock valued at $15,648,000 after buying an additional 24,500 shares during the period.
About Meta Financial Group
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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