Equities Analysts Offer Predictions for MutualFirst Financial Inc.’s Q1 2018 Earnings (MFSF)
MutualFirst Financial Inc. (NASDAQ:MFSF) – Research analysts at FIG Partners upped their Q1 2018 EPS estimates for shares of MutualFirst Financial in a note issued to investors on Tuesday. FIG Partners analyst B. Martin now anticipates that the bank will post earnings of $0.43 per share for the quarter, up from their prior forecast of $0.40. FIG Partners also issued estimates for MutualFirst Financial’s Q3 2018 earnings at $0.55 EPS, Q4 2018 earnings at $0.55 EPS, FY2018 earnings at $2.05 EPS and FY2019 earnings at $2.25 EPS.
Other analysts have also recently issued reports about the company. ValuEngine raised MutualFirst Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. TheStreet cut MutualFirst Financial from a “b-” rating to a “c+” rating in a report on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $32.00 price target on shares of MutualFirst Financial in a report on Friday, July 14th. Zacks Investment Research cut MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, DA Davidson raised MutualFirst Financial from an “underperform” rating to a “neutral” rating and raised their price target for the company from $29.00 to $34.00 in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $36.67.
TRADEMARK VIOLATION WARNING: “Equities Analysts Offer Predictions for MutualFirst Financial Inc.’s Q1 2018 Earnings (MFSF)” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/10/11/equities-analysts-offer-predictions-for-mutualfirst-financial-inc-s-q1-2018-earnings-mfsf.html.
MutualFirst Financial (NASDAQ:MFSF) traded down 0.436% during mid-day trading on Wednesday, hitting $39.975. The stock had a trading volume of 338 shares. The firm has a market cap of $295.06 million, a P/E ratio of 21.608 and a beta of 0.36. MutualFirst Financial has a 12-month low of $26.30 and a 12-month high of $40.15. The stock has a 50-day moving average price of $36.70 and a 200 day moving average price of $34.51.
MutualFirst Financial (NASDAQ:MFSF) last posted its quarterly earnings data on Tuesday, July 25th. The bank reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.10. The business had revenue of $16.76 million during the quarter, compared to analysts’ expectations of $16.40 million. MutualFirst Financial had a return on equity of 9.66% and a net margin of 18.53%.
Several institutional investors and hedge funds have recently bought and sold shares of MFSF. Wells Fargo & Company MN lifted its holdings in shares of MutualFirst Financial by 16.7% in the 1st quarter. Wells Fargo & Company MN now owns 3,490 shares of the bank’s stock valued at $110,000 after buying an additional 500 shares during the period. Bank of New York Mellon Corp increased its stake in MutualFirst Financial by 4.4% in the 1st quarter. Bank of New York Mellon Corp now owns 25,757 shares of the bank’s stock valued at $813,000 after purchasing an additional 1,091 shares in the last quarter. SG Americas Securities LLC purchased a new position in MutualFirst Financial in the 1st quarter valued at approximately $171,000. American International Group Inc. increased its stake in MutualFirst Financial by 7.5% in the 1st quarter. American International Group Inc. now owns 3,363 shares of the bank’s stock valued at $106,000 after purchasing an additional 235 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in MutualFirst Financial by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 191,842 shares of the bank’s stock valued at $6,053,000 after purchasing an additional 2,715 shares in the last quarter. 46.12% of the stock is owned by institutional investors and hedge funds.
In other news, COO Patrick C. Botts sold 2,880 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $35.03, for a total value of $100,886.40. Following the completion of the sale, the chief operating officer now directly owns 25,199 shares of the company’s stock, valued at approximately $882,720.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Wayne Heeter sold 1,230 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $34.54, for a total value of $42,484.20. Following the completion of the sale, the insider now directly owns 44,660 shares of the company’s stock, valued at $1,542,556.40. The disclosure for this sale can be found here. Insiders sold a total of 30,498 shares of company stock valued at $1,067,169 over the last three months. Insiders own 11.30% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were issued a $0.16 dividend. The ex-dividend date was Thursday, September 7th. This represents a $0.64 annualized dividend and a dividend yield of 1.59%. MutualFirst Financial’s dividend payout ratio is currently 34.59%.
MutualFirst Financial Company Profile
MutualFirst Financial, Inc (MutualFirst) is the bank holding company of MutualBank (MutualBank or the Bank). The Bank offers financial services through approximately 30 full service retail financial center offices in Allen, Delaware, Elkhart, Grant, Kosciusko, Randolph, Saint Joseph and Wabash counties in Indiana.
Receive News & Ratings for MutualFirst Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MutualFirst Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.