Last $35.18 USD
Change Today -0.01 / -0.03%
Volume 4.1K
CASH On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

meta financial group inc (CASH) Snapshot

Open
$35.12
Previous Close
$35.19
Day High
$35.20
Day Low
$33.77
52 Week High
03/11/14 - $46.38
52 Week Low
12/24/14 - $33.76
Market Cap
217.9M
Average Volume 10 Days
10.2K
EPS TTM
$2.67
Shares Outstanding
6.2M
EX-Date
12/4/14
P/E TM
13.2x
Dividend
$0.52
Dividend Yield
1.48%
Current Stock Chart for META FINANCIAL GROUP INC (CASH)

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meta financial group inc (CASH) Details

Meta Financial Group, Inc. operates as the holding company for MetaBank that offers various banking products and services to commercial, agricultural, and retail customers. 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 the prepaid cards, which primarily include checking accounts and certificate accounts. The company’s loan portfolio comprises one-to-four family residential mortgage, commercial and multi-family real estate, agricultural operations and real estate, construction, and consumer and commercial business loans. It also issues prepaid cards and consumer credit products; sponsors automatic teller machines into various debit networks; and offers other payment industry products and services through financial institutions and other commercial entities. As of December 3, 2014, Meta Financial Group, Inc. had 11 branch locations in Iowa and South Dakota. The company was founded in 1954 and is headquartered in Sioux Falls, South Dakota.

453 Employees
Last Reported Date: 12/12/14
Founded in 1954

meta financial group inc (CASH) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $520.0K
President, Director, President of Meta Paymen...
Total Annual Compensation: $520.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $225.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $210.0K
Executive Vice President of Sales & Operation...
Total Annual Compensation: $252.4K
Compensation as of Fiscal Year 2014.

meta financial group inc (CASH) Key Developments

Meta Financial Group Seeks Acquisitions

Meta Financial Group, Inc. (NasdaqGS:CASH) is looking for acquisition opportunities. Meta Financial Group filed a prospectus supplement with the Securities and Exchange Commission under which it may sell up to $26 million of its common stock and intends to use the net proceeds for general corporate purposes, including capital support for organic growth, possible acquisitions of bank or nonbank entities and upcoming Basel III requirements.

Meta Financial Group, Inc. Declares Cash Dividend for the First Fiscal Quarter of 2015 Payable on or About January 1, 2015

Meta Financial Group, Inc. announced that the company will pay a cash dividend of $0.13 per share for the first fiscal quarter of 2015. This dividend will be payable on or about January 1, 2015 to shareholders of record as of December 8, 2014.

Meta Financial Group, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended September 30, 2014; Provides Tax Rate Guidance for 2015

Meta Financial Group, Inc. reported consolidated earnings results for the fourth quarter and year ended September 30, 2014. For the quarter, the company reported net earnings of $3.4 million or 53 cents per diluted share compared to $3.5 million or 58 cents per diluted share in the prior year period. Fourth quarter earnings included $0.6 million of provision expense related to loan growth, $0.6 million of acquisition-related expenses, $0.2 million of one-time expenses related to a partner servicing platform change, and $0.1 million related to settlement of a lawsuit where Meta was the plaintiff and settled for a lower amount to avoid the cost of litigation. Fourth quarter after tax earnings would have been $4.4 million or 69 cents per diluted share, excluding these items. Net interest income was $12.3 million compared to $9.2 million reported a year ago, primarily due to significant growth in lending in the Retail Bank segment. Total revenue (net interest income plus non-interest income) was $24.9 million compared to $22.6 million for the same quarter last year, an increase of $2.3 million, or 10%. Income before income tax expense was $3.77 million compared to $4.58 million reported a year ago. For the year, net income totaled $15.7 million or $2.53 per diluted share against $13.4 million or $2.38 per diluted share in 2013. Net interest income was $46.3 million in fiscal 2014, an improvement of $10.3 million, or 28% compared to $36.0 million in 2013. The increase was primarily driven by higher average earning assets and improved net interest margin. Contributing to this increase was a 27 basis point increase in asset yields primarily driven by a shift in the earning asset mix to more loans and increased volume in the loan and securities portfolios. Tangible book value per common share increased by $4.74, or 21%, to $27.91 per share at September 30, 2014 from $23.17 per share at September 30, 2013, primarily due to earnings for the year and a sizable increase in the fair market value of available-for-sale securities, which positively affected accumulated other comprehensive income. The tangible book value per common share excluding accumulated other comprehensive income was $28.47 as of September 30, 2014, compared to $26.51 as of September 30, 2013. Return on average assets for the fiscal year ended September 30, 2014, was 0.81% compared to 0.78% for 2013. Return on average equity was 10.01% compared to 9.36% for 2013. Total revenue for the year was $98.0 million compared to $91.5 million for 2013, an increase of $6.5 million, or 7%, due primarily to increased income from loan growth and improved yield and increased volume from other investments, specifically in the municipal bond portfolio and improved yields on agency mortgage-backed securities. Income before income tax expense was $18.62 million compared to $17.12 million reported a year ago. Book value per common share outstanding was $28.33 compared to $23.55 at September 30, 2013. The company expects the tax rate to be a few percent higher in 2015. For 2014, the effective tax rate was 15.6%.

 

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Industry Analysis

CASH

Industry Average

Valuation CASH Industry Range
Price/Earnings 13.9x
Price/Sales 2.3x
Price/Book 1.2x
Price/Cash Flow 13.9x
TEV/Sales NM Not Meaningful
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