Q2 2022 EPS estimates for Meta Financial Group, Inc. reduced by Piper Sandler (NASDAQ:CASH)
Meta Financial Group, Inc. (NASDAQ: CASH – Get a rating) – Investment analysts Piper Sandler cut their Q2 2022 earnings estimates for Meta Financial Group in a research report released to clients and investors on Friday, March 4. Piper Sandler analyst F. Schiraldi now expects the savings and loan company to post earnings per share of $1.84 for the quarter, down from its previous estimate of $1. $.98. Piper Sandler also released estimates for Meta Financial Group Q1 2023 earnings at $0.98 EPS, Q2 2023 earnings at $2.31 EPS, Q3 2023 earnings at $1.70 EPS, Q4 2023 profit at $1.39 EPS and full year 2023 profit at $6.37 EPS. Meta Financial Group (NASDAQ:CASH- Get a rating) last released its quarterly earnings data on Tuesday, January 25. The savings and loan company reported earnings per share (EPS) of $2.00 for the quarter, beating Thomson Reuters consensus estimate of $0.77 by $1.23. Meta Financial Group had a return on equity of 15.89% and a net margin of 28.68%. During the same period of the previous year, the company achieved EPS of $0.84.
Several other stock analysts have also recently weighed in on the company. Zacks Investment Research downgraded Meta Financial Group from a “hold” rating to a “sell” rating in a Tuesday, January 11 research report. B. Riley raised his target price on Meta Financial Group from $68.00 to $70.00 in a Wednesday, January 12 research report.
NASDAQ CASH opened at $54.64 on Monday. The company’s 50-day moving average price is $58.37 and its 200-day moving average price is $57.21. Meta Financial Group has a 12-month low of $43.02 and a 12-month high of $65.96. The company has a market capitalization of $1.63 billion, a PE ratio of 9.85 and a beta of 0.87. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt ratio of 0.11.
Hedge funds and other institutional investors have recently changed their stakes in the company. First Community Trust NA acquired a new stake in Meta Financial Group during Q4 worth approximately $54,000. Macquarie Group Ltd. increased its stake in Meta Financial Group by 441.0% during the second quarter. Macquarie Group Ltd. now owns 1,980 shares of the savings and loan company valued at $100,000 after purchasing an additional 1,614 shares last quarter. National Bank Huntington increased its stake in Meta Financial Group by 215,700.0% during the third quarter. Huntington National Bank now owns 2,158 shares of the savings and loan company valued at $113,000 after buying 2,157 more shares last quarter. Rockefeller Capital Management LP increased its stake in Meta Financial Group by 2,079.1% during the 4th quarter. Rockefeller Capital Management LP now owns 1,983 shares of the savings and loan company valued at $118,000 after buying 1,892 additional shares last quarter. Finally, USA Financial Portformulas Corp bought a new position in Meta Financial Group during Q4 for a value of approximately $121,000. Hedge funds and other institutional investors hold 84.64% of the company’s shares.
In other news, EVP Sonja Anne Theisen sold 1,066 shares in a trade dated Friday, January 14. The stock was sold at an average price of $62.00, for a total value of $66,092.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. Also, CFO Glen William Herrick sold 15,145 shares in a transaction dated Tuesday, February 1. The shares were sold at an average price of $59.62, for a total value of $902,944.90. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 25,791 shares of the company worth $1,523,392. Insiders of the company own 2.00% of the shares of the company.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 1. Shareholders of record on Thursday, March 10 will receive a dividend of $0.05. The ex-date of this dividend is Wednesday, March 9. This represents a dividend of $0.20 on an annualized basis and a dividend yield of 0.37%. Meta Financial Group’s dividend payout ratio (DPR) is 3.60%.
About Meta Financial Group (Get a rating)
Meta Financial Group, Inc operates as a financial holding company, which provides savings and loan services. The Company operates through the following business segments: Consumer, Commercial & Enterprise Services and Other. The Consumer segment provides meta-payment systems (MPS), consumer credit products, warehouse finance and other tax services.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Meta Financial Group right now?
Before you consider Meta Financial Group, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Meta Financial Group wasn’t on the list.
Although Meta Financial Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here