Q1 2018 Earnings Forecast for MutualFirst Financial, Inc. (MFSF) Issued By DA Davidson

MutualFirst Financial, Inc. (NASDAQ:MFSF) – Stock analysts at DA Davidson upped their Q1 2018 earnings per share (EPS) estimates for shares of MutualFirst Financial in a research report issued to clients and investors on Tuesday. DA Davidson analyst K. Reevey now forecasts that the bank will post earnings per share of $0.58 for the quarter, up from their prior estimate of $0.49. DA Davidson also issued estimates for MutualFirst Financial’s Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.65 EPS and FY2019 earnings at $2.77 EPS.

Other research analysts have also recently issued reports about the company. BidaskClub raised MutualFirst Financial from a “hold” rating to a “buy” rating in a research report on Saturday, December 30th. Zacks Investment Research raised MutualFirst Financial from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $39.00 price objective on shares of MutualFirst Financial in a research report on Friday, December 22nd. Finally, ValuEngine cut MutualFirst Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. MutualFirst Financial presently has a consensus rating of “Hold” and an average target price of $38.67.

MutualFirst Financial (MFSF) opened at $36.10 on Thursday. 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 has a market capitalization of $264.54, a PE ratio of 22.01, a PEG ratio of 3.19 and a beta of 0.18. MutualFirst Financial has a 52-week low of $29.50 and a 52-week high of $40.50.

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

In related news, insider Charles J. Viater sold 1,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 182,937 shares of the company’s stock, valued at $7,143,689.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles J. Viater sold 1,300 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $39.05, for a total value of $50,765.00. Following the transaction, the insider now directly owns 184,437 shares of the company’s stock, valued at $7,202,264.85. The disclosure for this sale can be found here. Insiders have sold 9,030 shares of company stock valued at $353,211 over the last ninety days. 11.30% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of MFSF. Russell Investments Group Ltd. acquired a new position in MutualFirst Financial during the third quarter valued at approximately $101,000. First Quadrant L P CA acquired a new position in MutualFirst Financial during the third quarter valued at approximately $112,000. Nationwide Fund Advisors boosted its position in MutualFirst Financial by 9.7% during the second quarter. Nationwide Fund Advisors now owns 3,371 shares of the bank’s stock valued at $120,000 after purchasing an additional 298 shares during the last quarter. Advisor Group Inc. acquired a new position in MutualFirst Financial during the second quarter valued at approximately $141,000. Finally, Rhumbline Advisers acquired a new position in MutualFirst Financial during the second quarter valued at approximately $224,000. 47.54% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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