MutualFirst Financial Inc. (MFSF) Expected to Announce Earnings of $0.49 Per Share
Equities analysts expect MutualFirst Financial Inc. (NASDAQ:MFSF) to announce $0.49 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for MutualFirst Financial’s earnings, with the highest EPS estimate coming in at $0.50 and the lowest estimate coming in at $0.48. MutualFirst Financial reported earnings per share of $0.47 in the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The business is scheduled to announce its next quarterly earnings results on Tuesday, October 24th.
According to Zacks, analysts expect that MutualFirst Financial will report full-year earnings of $1.92 per share for the current financial year, with EPS estimates ranging from $1.88 to $1.98. For the next fiscal year, analysts expect that the company will report earnings of $2.00 per share, with EPS estimates ranging from $1.92 to $2.09. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover MutualFirst Financial.
MutualFirst Financial (NASDAQ:MFSF) last posted its quarterly earnings results on Tuesday, July 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.10. MutualFirst Financial had a net margin of 18.53% and a return on equity of 9.66%. The business had revenue of $16.76 million during the quarter, compared to the consensus estimate of $16.40 million.
A number of equities research analysts have recently commented on the company. ValuEngine raised MutualFirst Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $36.00 price objective on shares of MutualFirst Financial in a research report on Sunday. Zacks Investment Research downgraded MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. DA Davidson raised MutualFirst Financial from an “underperform” rating to a “neutral” rating and increased their target price for the company from $29.00 to $34.00 in a report on Wednesday, July 26th. Finally, TheStreet downgraded MutualFirst Financial from a “b-” rating to a “c+” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $36.67.
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In related news, insider David Wayne Heeter sold 1,000 shares of MutualFirst Financial stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $34.50, for a total transaction of $34,500.00. Following the sale, the insider now owns 44,753 shares of the company’s stock, valued at approximately $1,543,978.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Patrick C. Botts sold 2,880 shares of MutualFirst Financial stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $35.03, for a total value of $100,886.40. Following the sale, the chief operating officer now directly owns 25,199 shares in the company, valued at approximately $882,720.97. The disclosure for this sale can be found here. Insiders have sold a total of 32,498 shares of company stock worth $1,136,169 in the last three months. 11.30% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in MutualFirst Financial by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 398,647 shares of the bank’s stock valued at $14,232,000 after purchasing an additional 10,625 shares during the period. Vanguard Group Inc. grew its holdings in MutualFirst Financial by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 193,315 shares of the bank’s stock valued at $6,901,000 after buying an additional 1,473 shares in the last quarter. Renaissance Technologies LLC grew its holdings in MutualFirst Financial by 6.6% during the 1st quarter. Renaissance Technologies LLC now owns 166,481 shares of the bank’s stock valued at $5,252,000 after buying an additional 10,301 shares in the last quarter. State Street Corp grew its holdings in MutualFirst Financial by 96.5% during the 2nd quarter. State Street Corp now owns 133,260 shares of the bank’s stock valued at $4,761,000 after buying an additional 65,441 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in MutualFirst Financial by 16.1% during the 2nd quarter. Northern Trust Corp now owns 71,373 shares of the bank’s stock valued at $2,549,000 after buying an additional 9,877 shares in the last quarter. 46.12% of the stock is currently owned by institutional investors.
MutualFirst Financial (NASDAQ:MFSF) traded up 1.54% during mid-day trading on Friday, reaching $39.55. 14,287 shares of the company traded hands. The company’s 50-day moving average is $36.37 and its 200-day moving average is $34.34. The stock has a market capitalization of $291.92 million, a price-to-earnings ratio of 21.38 and a beta of 0.36. MutualFirst Financial has a 12-month low of $26.30 and a 12-month high of $40.00.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.62%. The ex-dividend date was Thursday, September 7th. MutualFirst Financial’s dividend payout ratio (DPR) is presently 34.59%.
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.
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