Wall Street analysts expect MutualFirst Financial Inc. (NASDAQ:MFSF) to post sales of $17.20 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for MutualFirst Financial’s earnings, with the lowest sales estimate coming in at $16.70 million and the highest estimate coming in at $17.70 million. MutualFirst Financial posted sales of $16.04 million during the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The business is scheduled to issue its next earnings report on Wednesday, February 7th.

On average, analysts expect that MutualFirst Financial will report full-year sales of $17.20 million for the current financial year, with estimates ranging from $65.50 million to $68.20 million. For the next fiscal year, analysts anticipate that the firm will post sales of $86.35 million per share, with estimates ranging from $84.30 million to $88.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow MutualFirst Financial.

MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. MutualFirst Financial had a net margin of 18.68% and a return on equity of 9.73%. The company had revenue of $16.70 million during the quarter, compared to the consensus estimate of $17.00 million.

Several equities analysts have issued reports on MFSF shares. ValuEngine upgraded shares of MutualFirst Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. 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. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $36.00 price objective on shares of MutualFirst Financial in a research note on Sunday, October 8th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. MutualFirst Financial currently has a consensus rating of “Hold” and a consensus target price of $36.67.

MutualFirst Financial (NASDAQ MFSF) traded up $0.10 during midday trading on Thursday, reaching $37.80. 7,100 shares of the company’s stock traded hands, compared to its average volume of 9,452. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.44. MutualFirst Financial has a one year low of $28.50 and a one year high of $40.50. The firm has a market capitalization of $278.58, a P/E ratio of 20.05, a PEG ratio of 3.88 and a beta of 0.33.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.90%. This is a boost from MutualFirst Financial’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, December 7th. MutualFirst Financial’s dividend payout ratio is presently 34.04%.

In other news, insider Charles J. Viater sold 710 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $39.95, for a total value of $28,364.50. Following the completion of the sale, the insider now directly owns 188,452 shares of the company’s stock, valued at $7,528,657.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jerry Dean Mcvicker sold 3,870 shares of the company’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $39.25, for a total transaction of $151,897.50. Following the completion of the sale, the director now directly owns 36,550 shares of the company’s stock, valued at $1,434,587.50. The disclosure for this sale can be found here. Insiders sold 12,694 shares of company stock valued at $501,101 over the last ninety days. Corporate insiders own 11.30% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in MutualFirst Financial by 4.8% during the third quarter. Dimensional Fund Advisors LP now owns 417,640 shares of the bank’s stock worth $16,058,000 after purchasing an additional 18,993 shares in the last quarter. Vanguard Group Inc. raised its holdings 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 purchasing an additional 1,473 shares in the last quarter. State Street Corp raised its holdings 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 purchasing an additional 65,441 shares in the last quarter. Northern Trust Corp raised its holdings 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 purchasing an additional 9,877 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in MutualFirst Financial by 2.2% during the first quarter. Geode Capital Management LLC now owns 48,370 shares of the bank’s stock worth $1,526,000 after purchasing an additional 1,062 shares in the last quarter. 47.49% of the stock is owned by institutional investors and hedge funds.

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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.

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

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