MutualFirst Financial, Inc. to Post FY2018 Earnings of $2.28 Per Share, FIG Partners Forecasts (MFSF)

MutualFirst Financial, Inc. (NASDAQ:MFSF) – Investment analysts at FIG Partners lowered their FY2018 EPS estimates for shares of MutualFirst Financial in a research note issued on Monday. FIG Partners analyst B. Martin now anticipates that the bank will post earnings per share of $2.28 for the year, down from their previous forecast of $2.29.

MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings results on Friday, February 2nd. The bank reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). The company had revenue of $17.04 million during the quarter, compared to analyst estimates of $17.20 million. MutualFirst Financial had a net margin of 16.00% and a return on equity of 9.78%.

A number of other equities analysts have also weighed in on the stock. ValuEngine downgraded shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub raised shares of MutualFirst Financial from a “hold” rating to a “buy” rating in a research note on Saturday, December 30th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $39.00 target price on shares of MutualFirst Financial in a research note on Friday, December 22nd. Finally, Zacks Investment Research raised shares of MutualFirst Financial from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, December 27th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $38.67.

Shares of MutualFirst Financial (NASDAQ MFSF) traded up $0.65 on Wednesday, hitting $36.45. 1,909 shares of the company’s stock were exchanged, compared to its average volume of 5,183. The firm has a market cap of $270.08, a price-to-earnings ratio of 21.83, a PEG ratio of 3.25 and a beta of 0.18. MutualFirst Financial has a 52 week low of $29.50 and a 52 week high of $40.50. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.01.

In related news, insider Charles J. Viater sold 1,039 shares of MutualFirst Financial stock in a transaction on Friday, November 17th. The shares were sold at an average price of $38.57, for a total transaction of $40,074.23. Following the sale, the insider now owns 186,438 shares of the company’s stock, valued at approximately $7,190,913.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles J. Viater sold 1,000 shares of MutualFirst Financial stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.05, for a total transaction of $39,050.00. Following the sale, the insider now directly owns 182,937 shares in the company, valued at approximately $7,143,689.85. The disclosure for this sale can be found here. In the last three months, insiders sold 9,030 shares of company stock worth $353,211. Insiders own 11.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in MFSF. Russell Investments Group Ltd. bought a new stake in shares of MutualFirst Financial in the 3rd quarter worth about $101,000. First Quadrant L P CA bought a new stake in shares of MutualFirst Financial in the 3rd quarter worth about $112,000. Nationwide Fund Advisors increased its position in shares of MutualFirst Financial by 9.7% in the 2nd quarter. Nationwide Fund Advisors now owns 3,371 shares of the bank’s stock worth $120,000 after purchasing an additional 298 shares during the last quarter. Advisor Group Inc. bought a new stake in shares of MutualFirst Financial in the 2nd quarter worth about $141,000. Finally, Rhumbline Advisers bought a new stake in shares of MutualFirst Financial in the 2nd quarter worth about $224,000. 47.54% of the stock is currently owned by hedge funds and other 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.

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

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