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Meta Financial Group (CASH)
NASDAQ:CASH
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Meta Financial Group
(NASDAQ:CASH)
75Outperform
Meta Financial Group (CASH) vs. S&P 500 (SPY)
Market Cap
$1.90B
Dividend Yield0.25%
Average Volume (3M)250.35K
Price to Earnings (P/E)10.8
Beta (1Y)1.07
Revenue Growth3.25%
EPS Growth11.22%
CountryUS
Employees1,155
SectorFinancial
Sector Strength85
IndustryBanks - Regional
Share Statistics
EPS (TTM)7.40
Shares Outstanding23,845,526
10 Day Avg. Volume259,952
30 Day Avg. Volume250,352
Financial Highlights & Ratios
PEG Ratio0.96
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap0.80
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit5.05
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$90.00Price Target Upside12.30% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
Meta Financial Group Business Overview & Revenue Model
Company DescriptionPathward Financial, Inc. operates as the holding company for Pathward, National Association that provides various banking products and services in the United States. It operates through three segments: Consumer, Commercial, and Corporate Services/Other. The company offers demand deposit accounts, savings accounts, money market savings accounts, and certificate accounts. It 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; short-term taxpayer advance loans; and warehouse financing services. In addition, the company issues prepaid cards and consumer credit products; sponsors merchant acquiring and automated teller machines (ATMs) in various debit networks; and offers tax refund-transfer services, and other payment industry products and services. 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 headquartered in Sioux Falls, South Dakota.
How the Company Makes MoneyMeta Financial Group makes money through a diversified revenue model comprising several key streams. The company's primary revenue sources include interest income from loans and leases, which are offered to businesses and consumers, and fees from various financial services such as payment processing and prepaid card services. Additionally, Meta Financial Group earns income through its tax services and commercial finance solutions. Strategic partnerships with fintech companies and other financial institutions enhance the company's product offerings and expand its market reach, contributing to its earnings. Moreover, MetaBank's deposit services provide a stable funding base that supports its lending activities.
Meta Financial Group Financial Statement Overview
Summary
Strong financial position with consistent revenue growth and profitability. Zero-debt enhances financial stability with room for improving returns on equity.Income Statement
Meta Financial Group demonstrates strong profitability with a consistent net profit margin and steady EBIT and EBITDA margins. Revenue growth is evident from the increase over the past periods, notably a 24% rise from 2023 to 2024. These factors indicate effective cost management and revenue generation capabilities.85
Very Positive
Balance Sheet
The company's balance sheet shows a solid equity position with zero total debt in the latest TTM data, indicating financial stability. The equity ratio stands at 10%, reflecting a moderate level of leverage, which is typical in the banking industry. However, the relatively low return on equity (ROE) suggests room for improving shareholder returns.75
Positive
Cash Flow
Meta Financial Group displays a healthy cash flow situation, with positive free cash flow growth and robust operating cash flow. The free cash flow to net income ratio is favorable, suggesting efficient cash generation relative to profits. The cash flow metrics underscore the company's ability to generate cash to support operations and investments.80
Positive
| Breakdown | ||||
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 299.59M | 577.38M | 501.28M | 508.27M | 443.23M | Gross Profit |
| 299.59M | 316.60M | 501.28M | 508.27M | 443.23M | EBIT |
| 198.79M | 177.49M | 208.60M | 152.41M | 110.38M | EBITDA |
| 0.00 | 247.09M | 248.92M | 215.49M | 175.75M | Net Income Common Stockholders |
| 168.36M | 163.62M | 156.39M | 141.71M | 104.72M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.90B | 2.18B | 2.27B | 1.16B | 1.24B | Total Assets |
| 7.55B | 7.54B | 6.75B | 6.69B | 6.09B | Total Debt |
| 410.35M | 46.87M | 36.03M | 92.83M | 98.22M | Net Debt |
| 252.02M | -328.71M | -352.01M | -221.19M | -329.14M | Total Liabilities |
| 6.71B | 6.88B | 6.10B | 5.82B | 5.24B | Stockholders Equity |
| 839.88M | 651.63M | 645.17M | 870.73M | 843.71M |
| Cash Flow | Free Cash Flow | |||
| 176.78M | -146.79M | -170.06M | 517.62M | 401.32M | Operating Cash Flow |
| 453.54M | 303.11M | 268.81M | 581.64M | 467.22M | Investing Cash Flow |
| -227.66M | -920.76M | -310.87M | -1.12B | -206.32M | Financing Cash Flow |
| -443.20M | 604.86M | 117.82M | 422.93M | 40.02M |
Meta Financial Group Technical Analysis
Positive
80.14
Price Trends
73.78
Positive
76.04
Positive
72.61
Positive
Market Momentum
1.33
Negative
67.51
Neutral
82.21
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CASH, the sentiment is Positive. The current price of 80.14 is above the 20-day moving average (MA) of 72.11, above the 50-day MA of 73.78, and above the 200-day MA of 72.61, indicating a bullish trend. The MACD of 1.33 indicates Negative momentum. The RSI at 67.51 is Neutral, neither overbought nor oversold. The STOCH value of 82.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CASH.
Meta Financial Group Risk Analysis
Meta Financial Group disclosed 46 risk factors in its most recent earnings report. Meta Financial Group reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Meta Financial Group Peers Comparison
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $1.59B | 8.31 | 15.46% | 2.76% | 7.84% | 6.82% | |
78 Outperform | $1.55B | 12.70 | 11.47% | 0.97% | 10.78% | 28.31% | |
75 Outperform | $1.90B | 10.75 | 22.88% | 0.25% | 3.25% | 11.22% | |
70 Outperform | $1.72B | 14.64 | 16.25% | 2.58% | 8.80% | 0.22% | |
69 Neutral | $1.67B | 19.14 | 6.04% | 2.20% | -2.00% | ― | |
67 Neutral | $1.54B | 5.33 | 14.81% | 1.14% | 23.69% | 11.97% | |
63 Neutral | $12.38B | 9.57 | 7.87% | 79.17% | 12.62% | -4.94% |
* Financial Sector Average
Performance Comparison
CASH
Meta Financial Group
80.14
29.92
59.58%
CHCO
City Holding Company
117.47
19.14
19.47%
FBNC
First Bancorp
40.99
11.27
37.92%
OFG
OFG Bancorp
39.77
4.58
13.02%
NIC
Nicolet Bankshares
118.09
42.42
56.06%
MBIN
Merchants Bancorp
30.70
-9.25
-23.15%
Meta Financial Group Earnings Call Summary
Earnings Call Date:Apr 22, 2025
(Q2-2025)
| % Change Since: 7.61%|
Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment Positive
The earnings call reflects a strong quarter for Pathward Financials, with significant growth in earnings and revenue, particularly from tax services and balance sheet optimization. Despite some challenges with deposit levels and modest loan growth, the company demonstrates strong liquidity management and enhanced margins, painting an overall positive outlook.Q2-2025 Updates
Positive Updates
Strong Earnings and Revenue Growth
Reported earnings of $3.11 per share for the March quarter, representing a year-over-year growth of 21%, with net income of $74.3 million. Non-interest income increased by 7%, and net interest income rose by 5% compared to the same quarter last year.
Record Tax Season Performance
Operated with over 42,000 independent tax offices, a new record, and saw a 17% growth in total tax services revenues. Pre-tax income for tax services grew 29% to $47.6 million.
Balance Sheet Optimization Success
Strong originations in structured finance and a strategic partnership to support renewable energy loan growth. Sold a portion of the working capital loan portfolio, freeing up $190 million in liquidity.
Improved Net Interest Margin
Net interest margin increased to 6.5% from 6.23% in the prior year period, with the adjusted net interest margin expanding by 33 basis points.
Robust Liquidity and Capital Management
Liquidity remains strong at almost $3.9 billion with a Tier 1 leverage ratio target of 10%. Repurchased roughly 576,000 shares at an average price of $78.11, bringing year-to-date repurchases to almost 1.3 million shares.
Negative Updates
Decline in Deposits
Deposits held on the company's balance sheet at March 31 declined from a year ago, with custodial deposits held at partner banks slightly decreasing from $1.2 billion to $1.1 billion.
Minimal Growth in Loans and Leases
Loans and leases at March 31 were $4.5 billion, a slight increase from $4.4 billion last year, representing a modest growth rate excluding prior year insurance premium finance loans.
Company Guidance
During the Pathward Financials Second Quarter 2025 Earnings Conference Call, key metrics highlighted included earnings of $3.11 per share, reflecting a 21% year-over-year growth, and a net income of $74.3 million. Non-interest income experienced a 7% increase, while net interest income rose by 5% compared to the previous year. The company's net interest margin expanded to 6.5%, up from 6.23% last year. Return on average assets stood at 2.69%, with a return on average tangible equity of 43.79%. The call also revised fiscal 2025 earnings guidance to $7.40 to $7.80 per diluted share. In the tax services segment, non-interest income related to refund transfer and refund advance products grew by 13%, contributing to a 17% increase in total tax services revenues, reaching $85 million. Additionally, pre-tax income for tax services rose 29% to $47.6 million. The company maintained strong liquidity with almost $3.9 billion available and completed share repurchases totaling approximately 576,000 shares at an average price of $78.11, indicating a robust capital return strategy.Meta Financial Group Corporate Events
Stock BuybackFinancial Disclosures
Meta Financial Group Reports Strong Q2 2025 Earnings
Positive
Apr 22, 2025
Pathward Financial, Inc. reported a net income of $74.3 million for the second quarter of fiscal 2025, an increase from the previous year, driven by a successful tax season and strategic balance sheet management. The company saw significant growth in tax services product income and noninterest income, while also repurchasing a substantial amount of common stock, indicating strong financial health and confidence in future performance.
Spark’s Take on CASH Stock
According to Spark, TipRanks’ AI Analyst, CASH is a Outperform.
Meta Financial Group’s overall score is driven by solid financial performance and a positive earnings outlook. The company’s robust financial health, strategic growth plans, and reasonable valuation support its potential for future growth. However, technical indicators suggest caution due to bearish trends, and low dividend yield may not appeal to income investors.
To see Spark’s full report on CASH stock, click here.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.