Meta Financial Group (CASH) Receiving Somewhat Favorable Media Coverage, Report Shows
Media coverage about Meta Financial Group (NASDAQ:CASH) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Meta Financial Group earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the savings and loans company an impact score of 46.0464569821328 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
CASH has been the topic of a number of research reports. BidaskClub upgraded shares of Meta Financial Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 5th. ValuEngine cut shares of Meta Financial Group from a “buy” rating to a “hold” rating in a report on Friday, June 15th. B. Riley dropped their target price on shares of Meta Financial Group from $135.00 to $132.00 and set a “buy” rating on the stock in a report on Thursday, June 21st. Finally, Sandler O’Neill set a $120.00 target price on shares of Meta Financial Group and gave the company a “buy” rating in a report on Monday, August 6th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $113.33.
Shares of CASH stock traded up $2.10 during mid-day trading on Friday, reaching $89.15. 79,540 shares of the company’s stock traded hands, compared to its average volume of 59,465. Meta Financial Group has a 12 month low of $64.20 and a 12 month high of $117.97. The stock has a market cap of $1.16 billion, a PE ratio of 12.65 and a beta of 1.07. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.19.
Meta Financial Group (NASDAQ:CASH) last announced its earnings results on Thursday, July 26th. The savings and loans company reported $1.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.66. Meta Financial Group had a net margin of 14.08% and a return on equity of 14.58%. The firm had revenue of $61.64 million for the quarter, compared to analysts’ expectations of $66.50 million. sell-side analysts forecast that Meta Financial Group will post 6.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Friday, September 7th will be paid a $0.15 dividend. This is a boost from Meta Financial Group’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $0.60 dividend on an annualized basis and a yield of 0.67%. Meta Financial Group’s payout ratio is presently 8.51%.
About Meta Financial Group
Meta Financial Group, Inc operates as the holding company for MetaBank that offers various banking products and services to individuals, small businesses, financial institutions, and other businesses. It provides various deposit products, such as statement savings accounts, money market savings accounts, and NOW and regular checking accounts, as well as deposits related to prepaid cards, which primarily include checking accounts and certificate accounts.
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