Meta Financial Hits 52-Week High - Analyst Blog


Shares of Meta Financial Group, Inc. ( CASH ) 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.

Growth Drivers

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 expenses.

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. ( GSBC ), Mutualfirst Financial Inc. ( MFSF ) and Washington Federal Inc. ( WAFD ). All these stocks have  a Zacks Rank #1 (Strong Buy).

META FINL GRP (CASH): Free Stock Analysis Report

GREAT SOUTH BCP (GSBC): Free Stock Analysis Report

MUTUALFIRST FIN (MFSF): Free Stock Analysis Report

WASH FEDL INC (WAFD): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: CASH , GSBC , MFSF , WAFD

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