B. Riley Raises Meta Financial Group (NASDAQ:CASH) Price Target to $70.00

Meta Financial Group (NASDAQ:CASH) had its target price increased by B. Riley from $68.00 to $70.00 in a research note released on Wednesday morning, The Fly reports. B. Riley also issued estimates for Meta Financial Group’s Q2 2022 earnings at $1.95 EPS, Q3 2022 earnings at $1.07 EPS, Q4 2022 earnings at $1.20 EPS, FY2022 earnings at $5.10 EPS, Q1 2023 earnings at $0.94 EPS, Q2 2023 earnings at $2.07 EPS, Q3 2023 earnings at $1.43 EPS, Q4 2023 earnings at $1.62 EPS and FY2023 earnings at $6.05 EPS.

A number of other research firms have also weighed in on CASH. Zacks Investment Research lowered Meta Financial Group from a hold rating to a sell rating in a research note on Tuesday. Raymond James boosted their target price on Meta Financial Group from $63.00 to $70.00 and gave the company a strong-buy rating in a research note on Thursday, October 28th.

Shares of CASH stock opened at $63.02 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.69 and a debt-to-equity ratio of 0.11. The business has a 50-day moving average price of $60.59 and a two-hundred day moving average price of $55.18. Meta Financial Group has a 12-month low of $32.76 and a 12-month high of $65.96. The firm has a market cap of $1.93 billion, a P/E ratio of 14.36 and a beta of 0.85.

Meta Financial Group (NASDAQ:CASH) last released its earnings results on Wednesday, October 27th. The savings and loans company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.31). Meta Financial Group had a net margin of 25.07% and a return on equity of 16.43%. The company had revenue of $120.21 million during the quarter, compared to the consensus estimate of $116.50 million. During the same period last year, the firm posted $0.38 EPS. As a group, research analysts expect that Meta Financial Group will post 4.84 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 3rd. Shareholders of record on Thursday, December 9th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend was Wednesday, December 8th. Meta Financial Group’s payout ratio is 4.56%.

In other Meta Financial Group news, Director Michael Robert Kramer sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 3rd. The stock was sold at an average price of $59.72, for a total transaction of $119,440.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Elizabeth G. Hoople sold 7,250 shares of the company’s stock in a transaction that occurred on Monday, December 13th. The stock was sold at an average price of $57.18, for a total value of $414,555.00. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. Exchange Traded Concepts LLC grew its holdings in shares of Meta Financial Group by 3.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 24,029 shares of the savings and loans company’s stock worth $1,434,000 after acquiring an additional 852 shares during the period. Wedbush Securities Inc. grew its holdings in shares of Meta Financial Group by 9.3% during the 4th quarter. Wedbush Securities Inc. now owns 19,491 shares of the savings and loans company’s stock worth $1,163,000 after acquiring an additional 1,657 shares during the period. UBS Asset Management Americas Inc. grew its holdings in shares of Meta Financial Group by 52.1% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 66,006 shares of the savings and loans company’s stock worth $3,464,000 after acquiring an additional 22,621 shares during the period. Tealwood Asset Management Inc. purchased a new position in shares of Meta Financial Group during the 3rd quarter worth approximately $1,562,000. Finally, Phocas Financial Corp. grew its holdings in shares of Meta Financial Group by 0.5% during the 3rd quarter. Phocas Financial Corp. now owns 231,274 shares of the savings and loans company’s stock worth $12,137,000 after acquiring an additional 1,043 shares during the period. Hedge funds and other institutional investors own 83.91% of the company’s stock.

About Meta Financial Group

Meta Financial Group, Inc operates as a financial holding company, which provides savings and loan services. The firm operates through the following business segments: Consumer, Commercial, and Corporate Services and Other. The Consumer segment provides meta payment systems (MPS), consumer credit products, warehouse finance and other tax services.

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