Wall Street brokerages predict that Meta Financial Group Inc. (NASDAQ:CASH) will announce sales of $174.48 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Meta Financial Group’s earnings, with estimates ranging from $172.16 million to $176.80 million. Meta Financial Group posted sales of $124.82 million in the same quarter last year, which indicates a positive year over year growth rate of 39.8%. The business is scheduled to report its next quarterly earnings results on Monday, April 29th.
On average, analysts expect that Meta Financial Group will report full-year sales of $492.70 million for the current financial year, with estimates ranging from $490.70 million to $494.70 million. For the next fiscal year, analysts expect that the company will report sales of $558.34 million, with estimates ranging from $544.77 million to $571.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Meta Financial Group.
Meta Financial Group (NASDAQ:CASH) last released its earnings results on Monday, January 28th. The savings and loans company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). Meta Financial Group had a net margin of 15.76% and a return on equity of 11.61%. The firm had revenue of $98.02 million during the quarter, compared to the consensus estimate of $98.55 million.
NASDAQ:CASH opened at $19.68 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.66 and a quick ratio of 0.66. Meta Financial Group has a 1-year low of $17.84 and a 1-year high of $38.87. The firm has a market capitalization of $768.69 million, a P/E ratio of 7.00 and a beta of 1.30.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 11th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, March 8th. This represents a $0.20 dividend on an annualized basis and a yield of 1.02%. Meta Financial Group’s dividend payout ratio (DPR) is 7.12%.
In other news, Director William David Tull sold 77,878 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $21.21, for a total value of $1,651,792.38. Following the completion of the sale, the director now owns 71,025 shares of the company’s stock, valued at $1,506,440.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sheree Thornsberry sold 10,863 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $19.43, for a total transaction of $211,068.09. Following the completion of the sale, the executive vice president now directly owns 20,090 shares of the company’s stock, valued at approximately $390,348.70. The disclosure for this sale can be found here. In the last three months, insiders sold 112,741 shares of company stock valued at $2,381,260. 7.69% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Meta Financial Group by 205.5% in the fourth quarter. BlackRock Inc. now owns 4,121,189 shares of the savings and loans company’s stock valued at $79,911,000 after acquiring an additional 2,772,050 shares during the period. Nantahala Capital Management LLC raised its stake in Meta Financial Group by 230.7% in the fourth quarter. Nantahala Capital Management LLC now owns 1,784,227 shares of the savings and loans company’s stock valued at $34,596,000 after purchasing an additional 1,244,711 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Meta Financial Group by 195.6% in the fourth 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 in the last quarter. Cranbrook Wealth Management LLC raised its stake in Meta Financial Group by 1,014.0% in the fourth quarter. Cranbrook Wealth Management LLC now owns 1,525,462 shares of the savings and loans company’s stock valued at $29,579,000 after purchasing an additional 1,388,521 shares in the last quarter. Finally, Patriot Financial Partners GP LP raised its stake in Meta Financial Group by 200.0% in the fourth quarter. Patriot Financial Partners GP LP now owns 1,356,207 shares of the savings and loans company’s stock valued at $26,297,000 after purchasing an additional 904,138 shares in the last quarter. 64.83% of the stock is owned by institutional investors.
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. 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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