Wall Street analysts expect MutualFirst Financial Inc. (NASDAQ:MFSF) to post earnings per share of $0.49 for the current quarter, according to Zacks. Two analysts have issued estimates for MutualFirst Financial’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.46. MutualFirst Financial posted earnings of $0.43 per share in the same quarter last year, which suggests a positive year over year growth rate of 14%. The firm is expected to announce its next earnings report on Wednesday, February 7th.

According to Zacks, analysts expect that MutualFirst Financial will report full-year earnings of $1.94 per share for the current financial year, with EPS estimates ranging from $1.91 to $1.97. For the next financial year, analysts expect that the company will post earnings of $2.09 per share, with EPS estimates ranging from $2.05 to $2.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow MutualFirst Financial.

MutualFirst Financial (NASDAQ:MFSF) last posted its earnings results on Tuesday, October 24th. The bank reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. MutualFirst Financial had a return on equity of 9.73% and a net margin of 18.68%. The firm had revenue of $16.70 million for the quarter, compared to analysts’ expectations of $17.00 million.

A number of research firms have recently commented on MFSF. Zacks Investment Research cut MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 13th. ValuEngine cut MutualFirst Financial from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $36.00 price objective on shares of MutualFirst Financial in a report on Sunday, October 8th. TheStreet cut MutualFirst Financial from a “b-” rating to a “c+” rating in a report on Tuesday, July 25th. Finally, DA Davidson upgraded MutualFirst Financial from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $29.00 to $34.00 in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $36.67.

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In other MutualFirst Financial news, Director Jerry Dean Mcvicker sold 3,599 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $40.03, for a total value of $144,067.97. Following the transaction, the director now directly owns 36,550 shares of the company’s stock, valued at approximately $1,463,096.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Charles J. Viater sold 1,846 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $39.55, for a total transaction of $73,009.30. Following the completion of the transaction, the insider now directly owns 187,822 shares in the company, valued at $7,428,360.10. The disclosure for this sale can be found here. Insiders sold a total of 6,285 shares of company stock worth $250,564 over the last three months. Corporate insiders own 11.30% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MFSF. Russell Investments Group Ltd. purchased a new position in MutualFirst Financial in the 3rd quarter worth approximately $101,000. American International Group Inc. lifted its stake in MutualFirst Financial by 7.5% in the 1st quarter. American International Group Inc. now owns 3,363 shares of the bank’s stock worth $106,000 after purchasing an additional 235 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of MutualFirst Financial by 16.7% during the 1st quarter. Wells Fargo & Company MN now owns 3,490 shares of the bank’s stock valued at $110,000 after buying an additional 500 shares during the period. First Quadrant L P CA purchased a new stake in shares of MutualFirst Financial during the 3rd quarter valued at approximately $112,000. Finally, Nationwide Fund Advisors raised its position in shares of MutualFirst Financial by 9.7% during the 2nd 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. 45.70% of the stock is currently owned by institutional investors and hedge funds.

MutualFirst Financial (NASDAQ MFSF) traded up $0.50 during trading hours on Friday, hitting $38.70. The stock had a trading volume of 6,172 shares, compared to its average volume of 9,442. MutualFirst Financial has a 52-week low of $28.40 and a 52-week 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. The firm has a market cap of $280.80, a PE ratio of 20.21, a PEG ratio of 3.94 and a beta of 0.36.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.86%. This is a positive change from MutualFirst Financial’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, December 7th. MutualFirst Financial’s dividend payout ratio (DPR) is 34.04%.

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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