CASH

Meta Financial Group, Inc.

Finance/Real Estate, Event Driven/Special Sit


Presented:04/11/2018
Price:$37.58
Cap:$1.10B
Current Price:$73.46
Cap:$1.83B

Presented

Date04/11/2018
Price$37.58
Market Cap$1.10B
Ent Value$1.00B
P/E Ratio22.55x
Book Value$15.00
Div Yield0.46%
Shares O/S29.14M
Ave Daily Vol191,679
Short IntN/A

Current

Price$73.46
Market Cap$1.83B
Meta Financial Group, Inc. operates as a financial holding company, which provides savings and loan services. The company operates through three segments: Payments, Banking, and Corporate Services & Other. The Payments segment provides MPS, refund advantage, EPS, SCS, and other tax services. The Banking segment provides lending and retail bank services. The Corporate Services & Other segment provides investment portfolio, wholesale deposits and borrowings services. Meta Financial Group was founded on June 14, 1993 and is headquartered in Sioux Falls, SD.

Please note, this stock split on 10/5/2018 at a ratio of 3/1. The presented data has been updated to account for the change, however, the text of the note may refer to data based on the original presented price of $112.75.

Publicly traded companies mentioned herein: Blackhawk Network Holdings Inc (HAWK), BofI Holding Inc (BOFI), H&R Block Inc (HRB), Liberty Tax Inc (TAX), Meta Financial Group Inc (CASH), Walmart Inc (WMT)

Highlights

The presenter is long shares of Meta Financial (CASH), seeing meaningful upside from the Crestmark Bancorp acquisition, which looks to complement CASH’s prepaid business. Going forward, he sees limited downside in the tax refund advance business following some issues with H&R Block in 2017. By his model, CASH is set to see $13.00 in 2019 EPS on a pro forma basis, translating to a $200 share price with a 15x – 16x multiple.

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Idea Discussion

Commentor 1 - 2 weeks ago

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