MutualFirst Financial Inc. (NASDAQ:MFSF) – Stock analysts at DA Davidson reduced their Q4 2016 earnings per share (EPS) estimates for MutualFirst Financial in a research report issued on Wednesday. DA Davidson analyst K. Reevey now forecasts that the firm will earn $0.34 per share for the quarter, down from their previous forecast of $0.40. DA Davidson has a “Sell” rating and a $24.00 price objective on the stock. DA Davidson also issued estimates for MutualFirst Financial’s Q1 2017 earnings at $0.36 EPS, Q2 2017 earnings at $0.39 EPS, Q3 2017 earnings at $0.41 EPS, Q4 2017 earnings at $0.44 EPS and FY2017 earnings at $1.60 EPS.

MutualFirst Financial (NASDAQ:MFSF) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $0.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.06. MutualFirst Financial had a net margin of 18.41% and a return on equity of 9.49%. TRADEMARK VIOLATION NOTICE: “Q4 2016 EPS Estimates for MutualFirst Financial Inc. (MFSF) Decreased by Analyst” was published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this piece on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/29/q4-2016-eps-estimates-for-mutualfirst-financial-inc-mfsf-decreased-by-analyst.html.

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

Separately, Zacks Investment Research raised shares of MutualFirst Financial from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Saturday, October 29th.

Shares of MutualFirst Financial (NASDAQ:MFSF) opened at 29.10 on Monday. MutualFirst Financial has a 12-month low of $21.20 and a 12-month high of $30.00. The stock has a market cap of $213.13 million, a PE ratio of 16.53 and a beta of 0.47. The stock’s 50 day moving average is $27.88 and its 200-day moving average is $27.49.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Friday, December 9th will be given a dividend of $0.16 per share. The ex-dividend date is Wednesday, December 7th. This is a positive change from MutualFirst Financial’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.20%. MutualFirst Financial’s dividend payout ratio (DPR) is 31.64%.

In related news, insider Charles J. Viater sold 2,777 shares of MutualFirst Financial stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $27.80, for a total value of $77,200.60. Following the transaction, the insider now directly owns 174,162 shares in the company, valued at approximately $4,841,703.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Charles J. Viater sold 2,000 shares of MutualFirst Financial stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $28.05, for a total transaction of $56,100.00. Following the completion of the transaction, the insider now owns 171,162 shares in the company, valued at $4,801,094.10. The disclosure for this sale can be found here. Insiders own 22.70% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Q4 2016 EPS Estimates for MutualFirst Financial Inc. (MFSF) Decreased by Analyst” was published by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are viewing this piece on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The original version of this piece can be accessed at https://www.thecerbatgem.com/2016/11/29/q4-2016-eps-estimates-for-mutualfirst-financial-inc-mfsf-decreased-by-analyst.html.

Institutional investors have recently bought and sold shares of the stock. Maltese Capital Management LLC raised its position in MutualFirst Financial by 85.5% in the second quarter. Maltese Capital Management LLC now owns 385,200 shares of the company’s stock worth $10,535,000 after buying an additional 177,600 shares during the period. BlackRock Fund Advisors raised its position in MutualFirst Financial by 12,274.3% in the second quarter. BlackRock Fund Advisors now owns 128,074 shares of the company’s stock worth $3,503,000 after buying an additional 127,039 shares during the period. The Manufacturers Life Insurance Company purchased a new position in MutualFirst Financial during the third quarter worth $2,947,000. State Street Corp purchased a new position in MutualFirst Financial during the second quarter worth $1,492,000. Finally, First Merchants Corp purchased a new position in MutualFirst Financial during the second quarter worth $1,095,000. Hedge funds and other institutional investors own 45.78% of the company’s stock.

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.

5 Day Chart for NASDAQ:MFSF

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