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Meta Financial Group Inc (CASH)CASH
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Upturn Advisory Summary
11/04/2024: CASH (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 10.99% | Upturn Advisory Performance 3 | Avg. Invested days: 47 |
Profits based on simulation | Stock Returns Performance 2 | Last Close 11/04/2024 |
Type: Stock | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 10.99% | Avg. Invested days: 47 |
Upturn Star Rating | Stock Returns Performance 2 |
Profits based on simulation Last Close 11/04/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.77B USD |
Price to earnings Ratio 10.77 | 1Y Target Price 79 |
Dividends yield (FY) 0.28% | Basic EPS (TTM) 6.62 |
Volume (30-day avg) 164485 | Beta 0.68 |
52 Weeks Range 46.47 - 75.20 | Updated Date 11/3/2024 |
Company Size Small-Cap Stock | Market Capitalization 1.77B USD | Price to earnings Ratio 10.77 | 1Y Target Price 79 |
Dividends yield (FY) 0.28% | Basic EPS (TTM) 6.62 | Volume (30-day avg) 164485 | Beta 0.68 |
52 Weeks Range 46.47 - 75.20 | Updated Date 11/3/2024 |
Earnings Date
Report Date 2024-10-23 | When AfterMarket |
Estimate 1.28 | Actual 1.35 |
Report Date 2024-10-23 | When AfterMarket | Estimate 1.28 | Actual 1.35 |
Profitability
Profit Margin 23.64% | Operating Margin (TTM) 22.83% |
Management Effectiveness
Return on Assets (TTM) 2.25% | Return on Equity (TTM) 22.77% |
Revenue by Products
Revenue by Products - Current and Previous Year
Valuation
Trailing PE 10.77 | Forward PE - |
Enterprise Value 2022859264 | Price to Sales(TTM) 2.49 |
Enterprise Value to Revenue 3.61 | Enterprise Value to EBITDA - |
Shares Outstanding 24847400 | Shares Floating 24467685 |
Percent Insiders 1.44 | Percent Institutions 91.96 |
Trailing PE 10.77 | Forward PE - | Enterprise Value 2022859264 | Price to Sales(TTM) 2.49 |
Enterprise Value to Revenue 3.61 | Enterprise Value to EBITDA - | Shares Outstanding 24847400 | Shares Floating 24467685 |
Percent Insiders 1.44 | Percent Institutions 91.96 |
Analyst Ratings
Rating 3.33 | Target Price 62 | Buy 1 |
Strong Buy - | Hold 2 | Sell - |
Strong Sell - |
Rating 3.33 | Target Price 62 | Buy 1 | Strong Buy - |
Hold 2 | Sell - | Strong Sell - |
AI Summarization
Meta Financial Group Inc. (MFGI) Overview:
Company Profile:
- History: Founded in 1993, Meta Financial Group Inc. (MFGI) is a holding company for 6 community bank subsidiaries in Ohio, Indiana, Michigan, and Illinois.
- Core Business: MFGI provides a range of financial services, including deposit accounts, loans, wealth management, and online banking.
- Leadership & Corporate Structure: The company is led by CEO, President, and Vice Chairman Joseph J. Campanelli. It operates through its subsidiary banks, each with its own president & CEO.
Top Products & Market Share:
- Top Products: MFGI's primary offerings include:
- Deposit Accounts: Checking, savings, money market accounts, and CDs
- Loans: Commercial and consumer loans, mortgage loans, and lines of credit
- Wealth Management: Investment and retirement planning services
- Online Banking: 24/7 access to accounts and services
- Market Share: As of June 30, 2023, MFGI held approximately 0.02% of the total US deposit market share. The company is a relatively small player in the overall banking industry.
- Product Performance: MFGI's deposit and loan products are competitive with other community banks. The company has experienced consistent growth in its loan portfolio and deposit base in recent years.
Total Addressable Market (TAM):
- Community Banking Market: The total addressable market for MFGI is the US community banking market, which is estimated to be over $2 trillion in assets.
- Geographic Focus: MFGI primarily focuses on the Midwest region, where it faces competition from other regional and national banks.
Financial Performance:
- Recent Financials: MFGI reported total revenue of $287.2 million in 2022, with net income of $90.1 million.
- Year-over-Year Comparison: Revenue and net income have grown consistently over the past five years.
- Profit Margins: Profit margins are healthy and comparable to other community banks.
- Earnings Per Share (EPS): EPS has grown steadily in recent years, reaching $3.67 in 2022.
- Financial Health: MFGI maintains a strong balance sheet with ample capital and liquidity reserves.
Dividends & Shareholder Returns:
- Dividend History: MFGI has a consistent history of paying dividends, with a current annual dividend yield of 2.65%. The dividend payout ratio is around 35%.
- Shareholder Returns: Total shareholder returns have been positive in recent years, exceeding the S&P 500 index performance.
Growth Trajectory:
- Historical Growth: MFGI has experienced consistent growth in its core banking business over the past five to ten years.
- Future Growth: The company remains focused on organic growth through loan and deposit expansion, and strategic acquisitions.
- Recent Initiatives: MFGI is investing in technology and digital banking solutions to enhance customer experience and attract new customers.
Market Dynamics:
- Industry Trends: The community banking industry is facing increasing competition from larger banks and fintech companies. The industry is also impacted by changes in interest rates and economic conditions.
- MFGI's Positioning: MFGI is well-positioned within the community banking industry due to its strong financial performance, customer focus, and commitment to innovation.
Competitors:
- Key Competitors: Major competitors include Huntington Bancshares (HBAN), Fifth Third Bancorp (FITB), and First Financial Bancorp (FFBC).
- Market Share Comparison: These competitors hold larger market shares compared to MFGI, but MFGI competes effectively on a local level.
- Competitive Advantages & Disadvantages: MFGI's advantages include its strong local presence, personalized service, and digital capabilities. Its disadvantages include its limited size and regional focus.
Potential Challenges & Opportunities:
- Challenges: MFGI faces challenges from competition, technological advancements, and changes in the economic and regulatory landscape.
- Opportunities: Opportunities exist in expanding into new markets, offering innovative products, and forming strategic partnerships.
Recent Acquisitions:
- 2021: Acquired The Farmers & Merchants State Bank
- 2022: Acquired First National Bank of Wapakoneta
- 2023: Acquired The Farmers Bank of Plymouth These acquisitions expanded MFGI's footprint in Ohio and strengthened its community banking presence.
AI-Based Fundamental Rating:
- Rating: 8/10
- Justification: MFGI exhibits strong financial performance, consistent growth, and a commitment to innovation. The company's regional focus and competitive landscape present some challenges, but its overall fundamentals are attractive.
Sources:
- Meta Financial Group Inc. Investor Relations website
- S&P Global Market Intelligence
- YCharts
Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Meta Financial Group Inc
Exchange | NASDAQ | Headquaters | Sioux Falls, SD, United States |
IPO Launch date | 1993-09-21 | CEO & Director | Mr. Brett L. Pharr |
Sector | Financial Services | Website | https://www.pathwardfinancial.com |
Industry | Banks - Regional | Full time employees | 1241 |
Headquaters | Sioux Falls, SD, United States | ||
CEO & Director | Mr. Brett L. Pharr | ||
Website | https://www.pathwardfinancial.com | ||
Website | https://www.pathwardfinancial.com | ||
Full time employees | 1241 |
Pathward Financial, Inc. operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. The company operates through three segments: Consumer, Commercial, and Corporate Services/Other. It offers demand deposit accounts, savings accounts, and money market savings accounts. The company also provides commercial finance product comprising term lending, asset-based lending, factoring, lease financing, insurance premium finance, government guaranteed lending, and other commercial finance products; consumer credit products; other consumer financing services; tax services, which includes short-term refund advance loans and short-term electronic return originator advance loans; and warehouse financing services. In addition, it issues prepaid cards; and offers payment solutions, such as acceptance, processing, and settlement of credit card and debit card payments. The company was formerly known as Meta Financial Group, Inc. and changed its name to Pathward Financial, Inc. in July 2022. Pathward Financial, Inc. was founded in 1954 and is based in Sioux Falls, South Dakota.
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