MutualFirst Financial Inc. (NASDAQ:MFSF) – Analysts at FIG Partners dropped their Q1 2018 EPS estimates for MutualFirst Financial in a report issued on Monday. FIG Partners analyst B. Martin now forecasts that the bank will post earnings per share of $0.41 for the quarter, down from their prior estimate of $0.43. FIG Partners also issued estimates for MutualFirst Financial’s Q3 2018 earnings at $0.54 EPS.

MutualFirst Financial (NASDAQ:MFSF) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. MutualFirst Financial had a return on equity of 9.86% and a net margin of 18.68%. The business had revenue of $16.70 million for the quarter, compared to analysts’ expectations of $17.00 million.

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A number of other research firms also recently issued reports on MFSF. ValuEngine downgraded shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Zacks Investment Research downgraded shares of MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 13th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $36.00 price objective on shares of MutualFirst Financial in a research note on Sunday, October 8th. TheStreet downgraded shares of MutualFirst Financial from a “b-” rating to a “c+” rating in a research note on Tuesday, July 25th. Finally, BidaskClub downgraded shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $36.67.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in MutualFirst Financial by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 398,647 shares of the bank’s stock worth $14,232,000 after acquiring an additional 10,625 shares during the last quarter. Vanguard Group Inc. boosted its position in MutualFirst Financial by 0.8% during the second quarter. Vanguard Group Inc. now owns 193,315 shares of the bank’s stock worth $6,901,000 after acquiring an additional 1,473 shares during the last quarter. Renaissance Technologies LLC boosted its position in MutualFirst Financial by 6.6% during the first quarter. Renaissance Technologies LLC now owns 166,481 shares of the bank’s stock worth $5,252,000 after acquiring an additional 10,301 shares during the last quarter. State Street Corp boosted its position in MutualFirst Financial by 96.5% during the second quarter. State Street Corp now owns 133,260 shares of the bank’s stock worth $4,761,000 after acquiring an additional 65,441 shares during the last quarter. Finally, Northern Trust Corp boosted its position in MutualFirst Financial by 16.1% during the second quarter. Northern Trust Corp now owns 71,373 shares of the bank’s stock worth $2,549,000 after acquiring an additional 9,877 shares during the last quarter. Hedge funds and other institutional investors own 45.72% of the company’s stock.

In related news, Director Jerry Dean Mcvicker sold 3,599 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $40.03, for a total transaction of $144,067.97. Following the transaction, the director now directly owns 36,550 shares in the company, valued at $1,463,096.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles J. Viater sold 710 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $39.95, for a total transaction of $28,364.50. Following the transaction, the insider now owns 188,452 shares in the company, valued at $7,528,657.40. The disclosure for this sale can be found here. Insiders own 11.30% of the company’s stock.

About MutualFirst Financial

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.

Earnings History and Estimates for MutualFirst Financial (NASDAQ:MFSF)

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