Analysts Expect MutualFirst Financial, Inc. (MFSF) Will Post Quarterly Sales of $19.90 Million

Analysts expect that MutualFirst Financial, Inc. (NASDAQ:MFSF) will report $19.90 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for MutualFirst Financial’s earnings, with the highest sales estimate coming in at $21.30 million and the lowest estimate coming in at $18.50 million. MutualFirst Financial posted sales of $15.84 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 25.6%. The company is scheduled to report its next earnings report on Tuesday, April 24th.

On average, analysts expect that MutualFirst Financial will report full-year sales of $19.90 million for the current financial year, with estimates ranging from $84.30 million to $88.00 million. For the next fiscal year, analysts forecast that the firm will report sales of $90.35 million per share, with estimates ranging from $89.40 million to $91.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow MutualFirst Financial.

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

MFSF has been the subject of a number of recent research reports. ValuEngine lowered MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub lowered MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Keefe, Bruyette & Woods restated 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 upgraded MutualFirst Financial from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, December 27th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $38.67.

In related news, insider Charles J. Viater sold 1,039 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $38.57, for a total value of $40,074.23. Following the completion of the transaction, the insider now directly owns 186,438 shares in the company, valued at $7,190,913.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles J. Viater sold 1,000 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $39.05, for a total value of $39,050.00. Following the completion of the transaction, the insider now owns 182,937 shares of the company’s stock, valued at $7,143,689.85. The disclosure for this sale can be found here. Insiders sold 9,030 shares of company stock valued at $353,211 over the last 90 days. 11.30% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in MutualFirst Financial by 4.8% in the third quarter. Dimensional Fund Advisors LP now owns 417,640 shares of the bank’s stock valued at $16,058,000 after acquiring an additional 18,993 shares during the period. BlackRock Inc. grew its position in MutualFirst Financial by 1.1% in the fourth quarter. BlackRock Inc. now owns 318,583 shares of the bank’s stock valued at $12,283,000 after acquiring an additional 3,509 shares during the period. Vanguard Group Inc. grew its position in MutualFirst Financial by 0.8% in the second quarter. Vanguard Group Inc. now owns 193,315 shares of the bank’s stock valued at $6,901,000 after acquiring an additional 1,473 shares during the period. The Manufacturers Life Insurance Company grew its position in MutualFirst Financial by 1.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 186,888 shares of the bank’s stock valued at $7,205,000 after acquiring an additional 2,395 shares during the period. Finally, State Street Corp grew its position in MutualFirst Financial by 96.5% in the second quarter. State Street Corp now owns 133,260 shares of the bank’s stock valued at $4,761,000 after acquiring an additional 65,441 shares during the period. Institutional investors and hedge funds own 47.58% of the company’s stock.

MutualFirst Financial (NASDAQ MFSF) opened at $35.25 on Tuesday. 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 company has a market capitalization of $267.13, a P/E ratio of 21.49, a PEG ratio of 3.05 and a beta of 0.18. MutualFirst Financial has a 1-year low of $29.50 and a 1-year high of $40.50.

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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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