Wall Street analysts forecast that MutualFirst Financial, Inc. (NASDAQ:MFSF) will post earnings per share (EPS) of $0.50 for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for MutualFirst Financial’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.41. MutualFirst Financial posted earnings of $0.43 per share during the same quarter last year, which would indicate a positive year over year growth rate of 16.3%. The business is scheduled to issue its next quarterly earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that MutualFirst Financial will report full-year earnings of $2.37 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.45. For the next year, analysts expect that the business will post earnings of $2.64 per share, with EPS estimates ranging from $2.50 to $2.77. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover MutualFirst Financial.
MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings data 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). MutualFirst Financial had a net margin of 16.00% and a return on equity of 9.78%. The firm had revenue of $17.04 million during the quarter, compared to the consensus estimate of $17.20 million.
In other news, insider Charles J. Viater sold 1,000 shares of the company’s stock in a transaction dated 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 $7,143,689.85. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jerry Dean Mcvicker sold 1,621 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $39.25, for a total value of $63,624.25. Following the sale, the director now owns 36,550 shares in the company, valued at $1,434,587.50. The disclosure for this sale can be found here. Insiders sold a total of 9,030 shares of company stock worth $353,211 over the last 90 days. 11.30% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of MutualFirst Financial during the third quarter valued at about $101,000. First Quadrant L P CA bought a new stake in shares of MutualFirst Financial during the third quarter valued at about $112,000. Nationwide Fund Advisors increased its position in shares of 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 buying an additional 298 shares during the period. Advisor Group Inc. bought a new stake in shares of MutualFirst Financial during the second quarter valued at about $141,000. Finally, Creative Planning bought a new stake in shares of MutualFirst Financial during the fourth quarter valued at about $231,000. Hedge funds and other institutional investors own 47.54% of the company’s stock.
Shares of MutualFirst Financial (MFSF) traded up $1.15 during trading on Friday, reaching $36.15. The company had a trading volume of 9,435 shares, compared to its average volume of 5,603. MutualFirst Financial has a fifty-two week low of $29.50 and a fifty-two week high of $40.50. The company has a market cap of $267.13, a PE ratio of 22.04, a P/E/G ratio of 3.05 and a beta of 0.18. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.44.
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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