FY2018 EPS Estimates for Meta Financial Group, Inc. (CASH) Cut by B. Riley

Meta Financial Group, Inc. (NASDAQ:CASH) – Equities researchers at B. Riley reduced their FY2018 earnings estimates for shares of Meta Financial Group in a research note issued on Thursday. B. Riley analyst S. Moss now expects that the savings and loans company will post earnings of $7.13 per share for the year, down from their previous estimate of $7.20. B. Riley has a “Buy” rating and a $100.00 price objective on the stock. B. Riley also issued estimates for Meta Financial Group’s Q1 2019 earnings at $0.88 EPS, Q2 2019 earnings at $4.84 EPS, Q3 2019 earnings at $1.56 EPS, Q4 2019 earnings at $1.39 EPS and FY2019 earnings at $8.67 EPS.

Other equities research analysts have also issued research reports about the stock. FBR & Co lowered shares of Meta Financial Group from an “outperform” rating to a “market perform” rating and set a $95.00 target price for the company. in a report on Friday, July 28th. Zacks Investment Research lowered shares of Meta Financial Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $88.00 target price on shares of Meta Financial Group in a report on Thursday, October 12th. ValuEngine lowered shares of Meta Financial Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. Finally, BidaskClub lowered shares of Meta Financial Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $95.75.

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Shares of Meta Financial Group (CASH) opened at $87.55 on Friday. Meta Financial Group has a 1-year low of $60.70 and a 1-year high of $106.90. The stock has a market cap of $842.46, a price-to-earnings ratio of 12.49 and a beta of 0.89. The company has a current ratio of 0.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.20.

In other news, Director Frederick V. Moore acquired 1,393 shares of the company’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 completion of the acquisition, the director now owns 100 shares of the company’s stock, valued at approximately $7,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederick V. Moore sold 450 shares of the company’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $71.75, for a total transaction of $32,287.50. Following the completion of the sale, the director now directly owns 100 shares of the company’s stock, valued at approximately $7,175. The disclosure for this sale can be found here. 6.06% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in CASH. Second Curve Capital LLC grew its holdings in shares of Meta Financial Group by 37.4% in the third quarter. Second Curve Capital LLC now owns 424,132 shares of the savings and loans company’s stock valued at $33,252,000 after purchasing an additional 115,400 shares during the period. Northpointe Capital LLC purchased a new stake in shares of Meta Financial Group in the second quarter valued at about $6,380,000. Principal Financial Group Inc. grew its holdings in shares of Meta Financial Group by 1,247.4% in the third quarter. Principal Financial Group Inc. now owns 71,248 shares of the savings and loans company’s stock valued at $5,586,000 after purchasing an additional 65,960 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Meta Financial Group by 115.4% in the third quarter. Bank of New York Mellon Corp now owns 103,779 shares of the savings and loans company’s stock valued at $8,137,000 after purchasing an additional 55,590 shares during the period. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Meta Financial Group in the third quarter valued at about $3,958,000. 73.28% of the stock is owned by hedge funds and other institutional investors.

Meta Financial Group Company Profile

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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