First-quarter 2023 EPS estimates for Meta Financial Group, Inc. downgraded by analyst (NASDAQ:CASH)

Meta Financial Group, Inc. (NASDAQ: CASH – Get a rating) – Equity research analysts B. Riley cut their first-quarter 2023 earnings estimates for Meta Financial Group shares in a research report released to clients and investors on Thursday, March 17. B. Riley analyst S. Moss now expects the savings and loan company to post earnings per share of $0.92 for the quarter, down from its previous forecast of $0.94 .

Separately, Zacks Investment Research downgraded Meta Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 11.

NASDAQ CASH opened at $55.96 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt ratio of 0.11. Meta Financial Group has a 12-month low of $43.02 and a 12-month high of $65.96. The company’s 50-day moving average is $56.68 and its two-hundred-day moving average is $57.48. The stock has a market capitalization of $1.67 billion, a price-earnings ratio of 10.08 and a beta of 0.87. Meta Financial Group (NASDAQ:CASH- Get a rating) last announced its quarterly earnings data on Tuesday, January 25. The savings and loan company reported earnings per share of $2.00 for the quarter, beating the Zacks consensus estimate of $0.77 by $1.23. Meta Financial Group achieved a net margin of 28.68% and a return on equity of 15.89%. During the same period last year, the company posted earnings per share of $0.84.

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A number of institutional investors and hedge funds have been buying and selling shares of CASH recently. City State Bank bought a new stock position in Meta Financial Group in the fourth quarter worth $176,000. Wells Fargo & Company MN increased its holdings of Meta Financial Group shares by 78.0% in the fourth quarter. Wells Fargo & Company MN now owns 37,529 shares of the savings and loan company valued at $2,239,000 after acquiring 16,448 additional shares last quarter. First Community Trust NA purchased a new stake in shares of Meta Financial Group in the fourth quarter worth approximately $54,000. Deutsche Bank AG increased its stake in Meta Financial Group by 519.0% in the fourth quarter. Deutsche Bank AG now owns 132,402 shares in the savings and loan company valued at $7,899,000 after buying an additional 111,011 shares in the last quarter. Finally, California State Teachers Retirement System increased its stake in Meta Financial Group by 2.3% in the fourth quarter. California State Teachers Retirement System now owns 42,782 shares of the savings and loan company valued at $2,552,000 after buying 954 additional shares in the last quarter. Institutional investors and hedge funds own 84.64% of the company’s shares.

In other Meta Financial Group news, Director Michael Robert Kramer sold 2,300 shares of the company in a transaction on Monday, January 31. The shares were sold at an average price of $60.00, for a total value of $138,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Also, CFO Glen William Herrick sold 15,145 shares of the company in a transaction dated Tuesday, February 1. The shares were sold at an average price of $59.62, for a total transaction of $902,944.90. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 18,541 shares of the company worth $1,108,837. 2.00% of the shares are currently held by insiders of the company.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 1. Investors of record on Thursday, March 10 will receive a dividend of $0.05 per share. The ex-dividend date is Wednesday, March 9. This represents an annualized dividend of $0.20 and a dividend yield of 0.36%. Meta Financial Group’s dividend payout ratio 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.

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Earnings history and estimates for Meta Financial Group (NASDAQ: CASH)

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