Analysts Issue Forecasts for MutualFirst Financial, Inc.’s FY2018 Earnings (MFSF)

MutualFirst Financial, Inc. (NASDAQ:MFSF) – Equities research analysts at DA Davidson lifted their FY2018 earnings per share estimates for MutualFirst Financial in a research note issued to investors on Tuesday. DA Davidson analyst K. Reevey now forecasts that the bank will post earnings of $2.45 per share for the year, up from their previous estimate of $2.07.

MutualFirst Financial (NASDAQ:MFSF) last issued its quarterly earnings results on Friday, February 2nd. The bank reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). The business had revenue of $17.04 million for 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%.

A number of other research analysts also recently issued reports on MFSF. Zacks Investment Research downgraded MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, October 13th. ValuEngine cut MutualFirst Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub cut MutualFirst Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $39.00 price objective on shares of MutualFirst Financial in a research report on Friday, December 22nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $38.67.

MutualFirst Financial (NASDAQ MFSF) traded up $1.30 on Friday, reaching $36.30. The company’s stock had a trading volume of 6,317 shares, compared to its average volume of 5,243. The stock has a market cap of $266.76, a P/E ratio of 21.34, a P/E/G ratio of 3.22 and a beta of 0.18. MutualFirst Financial has a one year low of $29.50 and a one year high of $40.50. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.01 and a quick ratio of 1.01.

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of MutualFirst Financial by 4.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 417,640 shares of the bank’s stock valued at $16,058,000 after purchasing an additional 18,993 shares in the last quarter. Vanguard Group Inc. increased its stake in MutualFirst Financial by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 193,315 shares of the bank’s stock worth $6,901,000 after buying an additional 1,473 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in MutualFirst Financial by 1.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 186,888 shares of the bank’s stock worth $7,205,000 after buying an additional 2,395 shares in the last quarter. State Street Corp increased its stake in MutualFirst Financial by 96.5% during the 2nd quarter. State Street Corp now owns 133,260 shares of the bank’s stock worth $4,761,000 after buying an additional 65,441 shares in the last quarter. Finally, Northern Trust Corp increased its stake in MutualFirst Financial by 16.1% during the 2nd quarter. Northern Trust Corp now owns 71,373 shares of the bank’s stock worth $2,549,000 after buying an additional 9,877 shares in the last quarter. 47.54% of the stock is owned by institutional investors and hedge funds.

In other MutualFirst Financial news, insider Charles J. Viater sold 1,300 shares of MutualFirst Financial stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $39.05, for a total transaction of $50,765.00. Following the completion of the sale, the insider now owns 184,437 shares of the company’s stock, valued at approximately $7,202,264.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jerry Dean Mcvicker sold 3,870 shares of MutualFirst Financial stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $39.25, for a total value of $151,897.50. Following the sale, the director now directly owns 36,550 shares of the company’s stock, valued at approximately $1,434,587.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,030 shares of company stock valued at $353,211. 11.30% of the stock is currently owned by insiders.

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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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