Meta Financial Group, Inc. (CASH) Expected to Announce Quarterly Sales of $52.71 Million

Analysts expect Meta Financial Group, Inc. (NASDAQ:CASH) to post $52.71 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Meta Financial Group’s earnings, with estimates ranging from $51.26 million to $54.15 million. Meta Financial Group reported sales of $39.12 million in the same quarter last year, which would suggest a positive year over year growth rate of 34.7%. The business is scheduled to report its next earnings results on Tuesday, October 24th.

On average, analysts expect that Meta Financial Group will report full year sales of $52.71 million for the current financial year, with estimates ranging from $263.67 million to $277.91 million. For the next financial year, analysts expect that the firm will report sales of $304.06 million per share, with estimates ranging from $284.81 million to $323.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Meta Financial Group.

A number of equities analysts have recently weighed in on the stock. FBR & Co cut shares of Meta Financial Group from an “outperform” rating to a “market perform” rating and set a $95.00 price target on the stock. in a research report on Friday, July 28th. Zacks Investment Research raised shares of Meta Financial Group from a “hold” rating to a “buy” rating and set a $97.00 price objective on the stock in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $121.00 price target on shares of Meta Financial Group in a research report on Thursday, July 27th. BidaskClub raised shares of Meta Financial Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Finally, ValuEngine cut shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $104.33.

In related news, Director Douglas J. Hajek sold 440 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $90.31, for a total value of $39,736.40. Following the completion of the transaction, the director now owns 2,867 shares of the company’s stock, valued at approximately $258,918.77. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman J Tyler Haahr sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were 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. In the last ninety days, insiders have sold 10,440 shares of company stock valued at $849,886. 6.06% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in CASH. SG Americas Securities LLC acquired a new position in Meta Financial Group in the 2nd quarter valued at approximately $112,000. Victory Capital Management Inc. acquired a new stake in shares of Meta Financial Group during the first quarter worth $122,000. Legal & General Group Plc increased its position in shares of Meta Financial Group by 6.6% during the second quarter. Legal & General Group Plc now owns 2,100 shares of the savings and loans company’s stock worth $186,000 after buying an additional 130 shares during the period. Bank of America Corp DE increased its position in shares of Meta Financial Group by 86.6% during 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 during the period. Finally, 1st Global Advisors Inc. increased its position in shares of Meta Financial Group by 1.3% during the second quarter. 1st Global Advisors Inc. now owns 2,461 shares of the savings and loans company’s stock worth $219,000 after buying an additional 32 shares during the period. Hedge funds and other institutional investors own 74.23% of the company’s stock.

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Meta Financial Group (CASH) opened at 66.70 on Monday. The firm has a 50 day moving average price of $73.41 and a 200 day moving average price of $84.01. Meta Financial Group has a 52 week low of $59.52 and a 52 week high of $106.90. The stock has a market capitalization of $623.58 million, a P/E ratio of 12.30 and a beta of 0.88.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, September 7th. Meta Financial Group’s dividend payout ratio (DPR) is presently 9.81%.

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.

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

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