Analysts fell to the sidelines weighing in on Meta Financial Group (CASH) and Monroe Capital (MRCC) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Meta Financial Group (CASH)
In a report released yesterday, Steve Moss from B.Riley FBR reiterated a Hold rating on Meta Financial Group. The company’s shares closed yesterday at $19.58, close to its 52-week low of $18.01.
Moss noted:
“Meta (CASH) provided a 2019 tax season update largely in line with our expectations as Refund Advance production increased 18% Y/Y , to $1.49B, driven mostly by larger loan sizes, while refund transfers declined ~8% Y/Y due to a decline in lower-margin business. Net income for Meta’s tax business is expected to be between zero and 10%, consistent with prior guidance; however, limited volume growth for the Refund Advance loans suggests that future growth may be more limited. That said, we like Meta’s recently revised strategy and internal focus, which emphasizes the funding of loan growth via investment securities runoff and a commitment to grow prepaid, non-interest-bearing deposits, versus wholesale sources.”
According to TipRanks.com, Moss is a 1-star analyst with an average return of -0.5% and a 44.0% success rate. Moss covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Seacoast Banking Corporation Of Florida, and Bridgewater Bancshares Inc.
Currently, the analyst consensus on Meta Financial Group is a Hold with an average price target of $25.
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Monroe Capital (MRCC)
In a report issued on March 20, Timothy P. Hayes from B.Riley FBR reiterated a Hold rating on Monroe Capital, with a price target of $12.50. The company’s shares closed yesterday at $12.29.
Hayes wrote:
“We reiterate our Neutral rating and $12.50 price target on shares of Monroe Capital Corp. (MRCC) following the announcement of a $40 million unsecured notes offering. We believe the proceeds will primarily be used to pay down the company’s existing credit facility and support its strong forward pipeline. On its 4Q18 conference call, management indicated a positive outlook for growth, adding that it had already grown the investment portfolio by $38 million quarter- to-date (as of March 6). We view the notes offering positively as it supports growth and should bring leverage closer to targeted levels. With that said, we remain on the sidelines until the company can alleviate credit concerns and demonstrate greater NAV stability. Our estimates remain unchanged following the announcement. *Close price on 3/20/19.”
According to TipRanks.com, Hayes is a 4-star analyst with an average return of 7.7% and a 75.8% success rate. Hayes covers the Financial sector, focusing on stocks such as Saratoga Investment Corp, Starwood Property Trust, and Capital Southwest Corp.
Monroe Capital has an analyst consensus of Moderate Buy, with a price target consensus of $13.75.
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