Meta Financial Group, Inc.
) achieved a new 52-week high, touching $41.05 in the last hour
of trading on Dec 27, 2013. The closing price of this bank
holding company reflects a robust year-to-date return of 76.6%.
The trading volume for the session was 0.02 million shares.
Despite the strong price appreciation, this Zacks Rank #3 (Hold)
stock has plenty of upside left due to its strong estimate
revisions over the last 30 days.
Impressive fiscal fourth-quarter (ended Sep 30) 2013 results
comprising a positive earnings surprise of 1.6%, improving loan
balance, strong capital position and enhanced credit quality were
the major growth stimulants for the company.
On Dec 2, Meta Financial posted fiscal fourth-quarter earnings
per share of 62 cents, which beat the Zacks Consensus Estimate by
a penny. Moreover, the reported figure was higher than 28 cents
earned in the prior-year quarter. Better-than-expected results
came on the back of increased revenues and lower operating
Additionally, Meta Financial has delivered positive earnings
surprises in the past 4 quarters with an average beat of 16.7%.
Estimate Revisions Shows Strength
For fiscal 2014, 1 of the 2 estimates increased, leading to
nearly 1% rise in the Zacks Consensus Estimate to $3.13 per share
over the last 30 days. For fiscal 2015, the Zacks Consensus
Estimate advanced 1.5% to $3.48 per share over the same time
period as 1 out of 2 estimates moved north.
Some better-ranked banks include
Great Southern Bancorp Inc.
Mutualfirst Financial Inc.
Washington Federal Inc.
). All these stocks have a Zacks Rank #1 (Strong Buy).
META FINL GRP (CASH): Free Stock Analysis
GREAT SOUTH BCP (GSBC): Free Stock Analysis
MUTUALFIRST FIN (MFSF): Free Stock Analysis
WASH FEDL INC (WAFD): Free Stock Analysis
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