(CASH) Meta Financial - Overview

Sector: Financial Services | Industry: Banks - Regional | Exchange: NASDAQ (USA) | Market Cap: 1.687m USD | Total Return: 6.9% in 12m

Prepaid Cards, Commercial Lending, Tax Loans, Payment Processing
Total Rating 35
Safety 35
Buy Signal 0.20
Banks - Regional
Industry Rotation: +1.2
Market Cap: 1.69B
Avg Turnover: 16.7M
Risk 3d forecast
Volatility29.5%
VaR 5th Pctl4.73%
VaR vs Median-2.86%
Reward TTM
Sharpe Ratio0.20
Rel. Str. IBD34.7
Rel. Str. Peer Group9.9
Character TTM
Beta0.923
Beta Downside0.977
Hurst Exponent0.523
Drawdowns 3y
Max DD25.20%
CAGR/Max DD0.89
CAGR/Mean DD2.56
EPS (Earnings per Share) EPS (Earnings per Share) of CASH over the last years for every Quarter: "2021-03": 1.84, "2021-06": 1.21, "2021-09": 0.5, "2021-12": 0.68, "2022-03": 1.73, "2022-06": 0.93, "2022-09": 0.81, "2022-12": 0.98, "2023-03": 1.99, "2023-06": 1.68, "2023-09": 1.36, "2023-12": 1.06, "2024-03": 2.56, "2024-06": 1.66, "2024-09": 1.35, "2024-12": 1.26, "2025-03": 3.41, "2025-06": 1.81, "2025-09": 1.69, "2025-12": 1.57, "2026-03": 3.35,
EPS CAGR: 16.95%
EPS Trend: 97.8%
Last SUE: 0.38
Qual. Beats: 0
Revenue Revenue of CASH over the last years for every Quarter: 2021-03: 173.575, 2021-06: 123.217, 2021-09: 111.287, 2021-12: 101.989, 2022-03: 179.224, 2022-06: 117.034, 2022-09: 107.906, 2022-12: 118.022, 2023-03: 195.335, 2023-06: 138.771, 2023-09: 136.122, 2023-12: 133.853, 2024-03: 221.664, 2024-06: 155.207, 2024-09: 137.695, 2024-12: 135.875, 2025-03: 232.96, 2025-06: 158.093, 2025-09: 155.354, 2025-12: 174.985, 2026-03: 282.056,
Rev. CAGR: 9.57%
Rev. Trend: 95.7%
Last SUE: 0.23
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: CASH Meta Financial

Pathward Financial, Inc. (CASH), formerly Meta Financial Group, Inc., is a Sioux Falls-based bank holding company operating through Consumer, Commercial, and Corporate Services segments. The institution specializes in niche financial products, including asset-based lending, factoring, lease financing, and insurance premium finance, alongside traditional deposit accounts. Its business model is heavily integrated into the payments ecosystem, providing infrastructure for ATM processing, merchant services, and the issuance of prepaid and debit cards.

Operating as a BaaS (Banking-as-a-Service) provider, Pathward generates significant fee income by partnering with non-bank financial technology firms to facilitate digital payments and tax-related lending. This specialized focus differentiates it from traditional regional banks that rely primarily on mortgage and local commercial real estate portfolios. To better understand how these diversified revenue streams impact long-term valuation, investors may find further analysis on ValueRay useful. The company’s 2022 rebranding reflects its transition from a traditional savings and loan association founded in 1954 to a national financial technology enabler.

Headlines to Watch Out For
  • Banking-as-a-Service partnership growth drives low-cost deposit expansion and fee revenue
  • Interest rate volatility impacts net interest margin on commercial lending portfolios
  • Seasonal tax refund advance volume significantly influences first quarter earnings performance
  • Regulatory scrutiny of fintech partnerships increases compliance costs and operational risks
  • Expansion of prepaid card and digital payment processing scales non-interest income
Piotroski VR-10 (Strict) 7.0
Net Income: 188.9m TTM > 0 and > 6% of Revenue
FCF/TA: 0.01 > 0.02 and ΔFCF/TA 0.38 > 1.0
NWC/Revenue: -799.1% < 20% (prev -630.0%; Δ -169.1% < -1%)
CFO/TA 0.09 > 3% & CFO 675.3m > Net Income 188.9m
Net Debt (-92.9m) to EBITDA (285.1m): -0.33 < 3
Current Ratio: 0.03 > 1.5 & < 3
Outstanding Shares: last quarter (21.7m) vs 12m ago -8.65% < -2%
Gross Margin: 91.94% > 18% (prev 0.53%; Δ 9.14k% > 0.5%)
Asset Turnover: 10.91% > 50% (prev 9.44%; Δ 1.47% > 0%)
Interest Coverage Ratio: 21.67 > 6 (EBITDA TTM 285.1m / Interest Expense TTM 10.4m)
Altman Z'' -5.27
A: -0.87 (Total Current Assets 193.7m - Total Current Liabilities 6.35b) / Total Assets 7.11b
B: 0.05 (Retained Earnings 340.7m / Total Assets 7.11b)
C: 0.03 (EBIT TTM 225.4m / Avg Total Assets 7.06b)
D: 0.03 (Book Value of Equity 199.9m / Total Liabilities 6.26b)
Altman-Z'' = -5.27 = D
Beneish M -3.25
DSRI: 0.84 (Receivables 36.1m/37.1m, Revenue 770.5m/661.7m)
GMI: 0.58 (GM 91.94% / 52.94%)
AQI: 1.42 (AQ_t 0.95 / AQ_t-1 0.67)
SGI: 1.16 (Revenue 770.5m / 661.7m)
TATA: -0.07 (NI 188.9m - CFO 675.3m) / TA 7.11b)
Beneish M = -3.25 (Cap -4..+1) = AA
What is the price of CASH shares?

As of May 24, 2026, the stock is trading at USD 82.65 with a total of 147,036 shares traded.
Over the past week, the price has changed by +3.55%, over one month by -16.01%, over three months by -10.79% and over the past year by +6.91%.

Is CASH a buy, sell or hold?

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

What are the forecasts/targets for the CASH price?
Analysts Target Price 107.5 30.1%
Meta Financial (CASH) - Fundamental Data Overview as of 24 May 2026
P/E Trailing = 9.5006
P/E Forward = 11.236
P/S = 2.1703
P/B = 2.1401
P/EG = 0.2023
Revenue TTM = 770.5m USD
EBIT TTM = 225.4m USD
EBITDA TTM = 285.1m USD
Long Term Debt = 33.5m USD (from longTermDebt, last fiscal year)
Short Term Debt = 26.0m USD (from shortTermDebt, last quarter)
Debt = 64.7m USD (from shortLongTermDebtTotal, last quarter) + Leases 5.19m
Net Debt = -92.9m USD (calculated: Debt 64.7m - CCE 157.6m)
Enterprise Value = 1.59b USD (1.69b + Debt 64.7m - CCE 157.6m)
Interest Coverage Ratio = 21.67 (Ebit TTM 225.4m / Interest Expense TTM 10.4m)
EV/FCF = 19.08x (Enterprise Value 1.59b / FCF TTM 83.5m)
FCF Yield = 5.24% (FCF TTM 83.5m / Enterprise Value 1.59b)
FCF Margin = 10.84% (FCF TTM 83.5m / Revenue TTM 770.5m)
Net Margin = 24.52% (Net Income TTM 188.9m / Revenue TTM 770.5m)
Gross Margin = 91.94% ((Revenue TTM 770.5m - Cost of Revenue TTM 62.1m) / Revenue TTM)
Gross Margin QoQ = 81.79% (prev none%)
Tobins Q-Ratio = 0.22 (Enterprise Value 1.59b / Total Assets 7.11b)
Interest Expense / Debt = 16.08% (Interest Expense 10.4m / Debt 64.7m)
Taxrate = 16.25% (14.2m / 87.2m)
NOPAT = 188.8m (EBIT 225.4m * (1 - 16.25%))
Current Ratio = 0.03 (Total Current Assets 193.7m / Total Current Liabilities 6.56b)
Debt / Equity = 0.08 (Debt 64.7m / totalStockholderEquity, last quarter 851.5m)
Debt / EBITDA = -0.33 (Net Debt -92.9m / EBITDA 285.1m)
Debt / FCF = -1.11 (Net Debt -92.9m / FCF TTM 83.5m)
Total Stockholder Equity = 845.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.67% (Net Income 188.9m / Total Assets 7.11b)
RoE = 22.34% (Net Income TTM 188.9m / Total Stockholder Equity 845.8m)
RoCE = 25.64% (EBIT 225.4m / Capital Employed (Equity 845.8m + L.T.Debt 33.5m))
RoIC = 2.65% (NOPAT 188.8m / Invested Capital 7.11b)
WACC = 9.39% (E(1.69b)/V(1.75b) * Re(9.23%) + D(64.7m)/V(1.75b) * Rd(16.08%) * (1-Tc(0.16)))
Discount Rate = 9.23% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -100.00 | Cagr: -7.37%
[DCF] Terminal Value 74.69% ; FCFF base≈72.4m ; Y1≈83.0m ; Y5≈122.2m
[DCF] Fair Price = 78.06 (EV 1.55b - Net Debt -92.9m = Equity 1.65b / Shares 21.1m; r=9.39% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 97.79 | EPS CAGR: 16.95% | SUE: 0.38 | # QB: 0
Revenue Correlation: 95.73 | Revenue CAGR: 9.57% | SUE: 0.23 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.95 | Chg30d=-0.17% | Revisions=+14% | Analysts=3
EPS current Year (2026-09-30): EPS=8.68 | Chg30d=+0.42% | Revisions=+20% | GrowthEPS=+18.3% | GrowthRev=-1.7%
EPS next Year (2027-09-30): EPS=9.67 | Chg30d=+0.62% | Revisions=+0% | GrowthEPS=+11.5% | GrowthRev=+6.1%
[Analyst] Revisions Ratio: +20%