CASH Stock Analysis: Meta Financial | NASDAQ
Banks - Regional | NASDAQ, USA | Market Cap: 1.487m USD | 12M Return: -0.5% | US59100U1088 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 17.7M
EPS Trend: 90.9%
Qual. Beats: -1
Rev. Trend: 94.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Pathward Financial, Inc. (NASDAQ: CASH) is a bank holding company headquartered in Sioux Falls, South Dakota, that operates through its subsidiary, Pathward, National Association. Founded in 1954 and formerly known as Meta Financial Group until its July 2022 rebranding, the company runs three business segments-Consumer, Commercial, and Corporate Services/Other-offering deposit products (demand, savings, and money market accounts), a range of commercial finance solutions including term, asset-based, factoring, lease, insurance premium, and government-guaranteed lending, as well as consumer installment and revolving loans, tax-related refund advance products, and warehouse financing. Its payment solutions division handles credit and debit card acceptance, processing and settlement, ATM servicing, digital payments, merchant services, and the issuance of debit and prepaid cards.
As a small-cap regional bank, Pathward differentiates itself from traditional community lenders by specializing in niche, partnership-driven banking services-particularly prepaid card issuance, embedded finance, and seasonal tax-refund advances-rather than competing primarily for retail branch deposits. Sioux Falls, South Dakota, where the company is based, is a well-known U.S. hub for banks and payment processors due to the states favorable regulatory and usury environment.
- Tax services segment drives seasonal Q1 earnings from refund advance loans
- Net interest margin benefits from higher-for-longer Fed rate environment
- Prepaid card business faces CFPB regulatory scrutiny on fees
| Net Income: 175.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA 6.58 > 1.0 |
| NWC/Revenue: -574.5% < 20% (prev -704.4%; Δ 129.9% < -1%) |
| CFO/TA 0.10 > 3% & CFO 696.9m > Net Income 175.7m |
| Net Debt (-1.16b) to EBITDA (216.9m): -5.36 < 3 |
| Current Ratio: 0.25 > 1.5 & < 3 |
| Outstanding Shares: last quarter (21.8m) vs 12m ago -5.90% < -2% |
| Gross Margin: 89.92% > 18% (prev 53.82%; Δ 36.10% > 0.5%) |
| Asset Turnover: 11.04% > 50% (prev 9.19%; Δ 1.85% > 0%) |
| Interest Coverage Ratio: 19.78 > 6 (EBIT TTM 202.6m / Interest Expense TTM 10.2m) |
| A: -0.63 (Total Current Assets 1.50b - Total Current Liabilities 6.12b) / Total Assets 7.31b |
| B: 0.05 (Retained Earnings 339.3m / Total Assets 7.31b) |
| C: 0.03 (EBIT TTM 202.6m / Avg Total Assets 7.27b) |
| D: 0.13 (Book Value of Equity 850.9m / Total Liabilities 6.46b) |
| Altman-Z'' = -3.66 = D |
| DSRI: 0.18 (Receivables 37.0m/174.2m, Revenue 803.2m/664.6m) |
| GMI: 0.60 (GM 53.82% / 89.92%) |
| AQI: 1.02 (AQ_t 0.79 / AQ_t-1 0.77) |
| SGI: 1.21 (Revenue 803.2m / 664.6m) |
| TATA: -0.07 (NI 175.7m - CFO 696.9m) / TA 7.31b) |
| Beneish M = -3.91 (Cap -4..+1) = AAA |
As of October 06, 2026, the stock is trading at USD 73.42 with a total of 238,937 shares traded. Over the past week, the price has changed by +1.56%, over one month by -9.37%, over three months by -18.37% and over the past year by -0.54%.
Current recommended Stop Loss: 71.20 (which is 3% or 1.3 ATR below the current price).
Meta Financial has received a consensus analysts rating of 3.33. Therefore, it is recommended to hold CASH.
- StrongBuy: 0
- Buy: 1
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 101 | 37.6% |
P/E Trailing = 9.048
P/E Forward = 11.236
P/S = 1.977
P/B = 1.82
P/EG = 0.2023
Revenue TTM = 803.2m USD
EBIT TTM = 202.6m USD
EBITDA TTM = 216.9m USD
Long Term Debt = 33.5m USD (from longTermDebt, last quarter)
Short Term Debt = 167.5m USD (from shortTermDebt, last quarter)
Debt = 206.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 5.19m
Net Debt = -1.16b USD (calculated: Debt 206.2m - CCE 1.37b)
Enterprise Value = 323.9m USD (1.49b + Debt 206.2m - CCE 1.37b)
Interest Coverage Ratio = 19.78 (Ebit TTM 202.6m / Interest Expense TTM 10.2m)
EV/FCF = 0.55x (Enterprise Value 323.9m / FCF TTM 594.3m)
FCF Yield = 183.4% (FCF TTM 594.3m / Enterprise Value 323.9m)
FCF Margin = 73.99% (FCF TTM 594.3m / Revenue TTM 803.2m)
Net Margin = 21.88% (Net Income TTM 175.7m / Revenue TTM 803.2m)
Gross Margin = 89.92% ((Revenue TTM 803.2m - Cost of Revenue TTM 81.0m) / Revenue TTM)
Gross Margin QoQ = 84.57% (prev 81.79%)
Tobins Q-Ratio = 0.04 (Enterprise Value 323.9m / Total Assets 7.31b)
Interest Expense / Debt = 4.97% (Interest Expense 10.2m / Debt 206.2m)
Taxrate = 16.02% (33.7m / 210.5m)
NOPAT = 170.2m (EBIT 202.6m * (1 - 16.02%))
Current Ratio = 0.25 (Total Current Assets 1.50b / Total Current Liabilities 6.12b)
Debt / Equity = 0.24 (Debt 206.2m / totalStockholderEquity, last quarter 850.9m)
Debt / EBITDA = -5.36 (Net Debt -1.16b / EBITDA 216.9m)
Debt / FCF = -1.96 (Net Debt -1.16b / FCF TTM 594.3m)
Total Stockholder Equity = 853.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.42% (Net Income 175.7m / Total Assets 7.31b)
RoE = 20.58% (Net Income TTM 175.7m / Total Stockholder Equity 853.7m)
RoCE = 22.84% (EBIT 202.6m / Capital Employed (Equity 853.7m + L.T.Debt 33.5m))
RoIC = 12.85% (NOPAT 170.2m / Invested Capital 1.32b)
WACC = 8.03% (E(1.49b)/V(1.69b) * Re(8.57%) + D(206.2m)/V(1.69b) * Rd(4.97%) * (1-Tc(0.16)))
Discount Rate = 8.57% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -99.36 | Cagr: -6.47%
[DCF] Terminal Value 77.97% ; FCFF base≈401.1m ; Y1≈459.8m ; Y5≈676.7m
[DCF] Fair Price = 546.2 (EV 10.2b - Net Debt -1.16b = Equity 11.3b / Shares 20.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 90.87 | EPS CAGR: 14.46% | SUE: -2.63 | # QB: -1
Revenue Correlation: 94.86 | Revenue CAGR: 10.16% | SUE: -0.01 | # QB: 0
EPS current Quarter (2026-12-31): EPS=1.63 | Chg30d=-8.61% | Revisions=-50% | Analysts=3
EPS current Year (2026-09-30): EPS=7.88 | Chg30d=-9.06% | Revisions=-40% | GrowthEPS=+7.4% | GrowthRev=-2.6%
EPS next Year (2027-09-30): EPS=9.60 | Chg30d=-0.76% | Revisions=-25% | GrowthEPS=+21.8% | GrowthRev=+5.7%
[Analyst] Revisions Ratio: -67% (up=0, down=6)