Brokerages expect MutualFirst Financial Inc. (NASDAQ:MFSF) to report sales of $17.20 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for MutualFirst Financial’s earnings, with estimates ranging from $16.70 million to $17.70 million. MutualFirst Financial posted sales of $16.04 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.2%. The business is expected to issue its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that MutualFirst Financial will report full year sales of $17.20 million for the current year, with estimates ranging from $65.50 million to $68.20 million. For the next financial year, analysts expect that the company will post sales of $86.35 million per share, with estimates ranging from $84.30 million to $88.40 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover MutualFirst Financial.

MutualFirst Financial (NASDAQ:MFSF) last issued its earnings results on Tuesday, October 24th. The bank reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The business had revenue of $16.70 million for the quarter, compared to analyst estimates of $17.00 million. MutualFirst Financial had a net margin of 18.68% and a return on equity of 9.73%.

A number of equities analysts have recently commented on MFSF shares. ValuEngine lowered shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub lowered shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $36.00 price objective on shares of MutualFirst Financial in a report on Sunday, October 8th. Finally, Zacks Investment Research raised shares of MutualFirst Financial from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, December 27th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $38.67.

Shares of MutualFirst Financial (MFSF) traded down $0.15 during trading hours on Wednesday, hitting $37.45. 2,800 shares of the stock were exchanged, compared to its average volume of 4,433. The stock has a market capitalization of $279.32, a price-to-earnings ratio of 19.92, a PEG ratio of 3.48 and a beta of 0.33. MutualFirst Financial has a fifty-two week low of $29.20 and a fifty-two week high of $40.50. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.44.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.92%. This is a positive change from MutualFirst Financial’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, December 7th. MutualFirst Financial’s dividend payout ratio (DPR) is presently 38.30%.

In related news, insider Charles J. Viater sold 710 shares of MutualFirst Financial stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $39.95, for a total transaction of $28,364.50. Following the transaction, 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 SEC, which is accessible through this link. Also, Director Jerry Dean Mcvicker sold 3,599 shares of MutualFirst Financial stock in a transaction that occurred on 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 15,315 shares of company stock worth $603,775. 11.30% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new stake in MutualFirst Financial in the third quarter valued at approximately $101,000. First Quadrant L P CA acquired a new stake in MutualFirst Financial in the third quarter valued at approximately $112,000. Nationwide Fund Advisors boosted its stake in MutualFirst Financial by 9.7% in the second quarter. Nationwide Fund Advisors now owns 3,371 shares of the bank’s stock valued at $120,000 after acquiring an additional 298 shares in the last quarter. Advisor Group Inc. acquired a new stake in MutualFirst Financial in the second quarter valued at approximately $141,000. Finally, SG Americas Securities LLC boosted its stake in MutualFirst Financial by 10.7% in the second quarter. SG Americas Securities LLC now owns 5,992 shares of the bank’s stock valued at $214,000 after acquiring an additional 578 shares in the last quarter. 47.49% of the stock is currently owned by institutional investors.

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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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