Meta Financial Group, Inc.
) achieved a new 52-week high, touching $32.95 on Aug 12, 2013.
The closing price of this bank holding company reflects a robust
year-to-date return of 44.4%. The trading volume for the session
was 0.2 million shares.
Despite the strong price appreciation, this Zacks Rank #2 (Buy)
stock has plenty of upside left due to its strong estimate
Impressive fiscal third-quarter 2013 results comprising a
positive earnings surprise of 32.0%, improving loan and deposit
balances, strong capital position and enhanced credit quality
were the primary growth drivers for Meta Financial.
On Aug 6, Meta Financial reported fiscal third-quarter earnings
per share of 66 cents, surpassing the Zacks Consensus Estimate by
16 cents. Moreover, earnings were in line with the prior-year
The better-than-expected results were primarily driven by
increased revenues resulting from higher net interest income and
lower operating expenses, partially offset by declining
Additionally, Meta Financial has delivered positive earnings
surprises in all the past 4 quarters with an average beat of
For 2013, the Zacks Consensus Estimate moved north by 5.8% to
$2.37 per share over the last 30 days, based on both the
estimates being revised upwards. For 2014, the Zacks Consensus
Estimate inched up 2.3% to $2.69 per share over the same time
Other better performing banks include
Provident Financial Holdings, Inc.
Washington Federal Inc.
). All of them carry a Zacks Rank #1 (Strong Buy).
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