MutualFirst Financial Inc. (NASDAQ:MFSF) – Equities research analysts at DA Davidson issued their Q1 2018 earnings estimates for shares of MutualFirst Financial in a report issued on Wednesday. DA Davidson analyst K. Reevey anticipates that the bank will earn $0.49 per share for the quarter. DA Davidson has a “Neutral” rating and a $34.00 price target on the stock.
MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. MutualFirst Financial had a net margin of 18.68% and a return on equity of 9.86%. The firm had revenue of $16.70 million for the quarter, compared to the consensus estimate of $17.00 million.
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MFSF has been the topic of several other reports. TheStreet downgraded shares of MutualFirst Financial from a “b-” rating to a “c+” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub downgraded shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. ValuEngine raised shares of MutualFirst Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $36.00 target price on shares of MutualFirst Financial in a research note on Sunday, October 8th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $36.67.
MutualFirst Financial (NASDAQ MFSF) traded down 1.12% during trading on Friday, hitting $39.90. 12,732 shares of the stock were exchanged. MutualFirst Financial has a 12 month low of $26.30 and a 12 month high of $40.45. The stock has a market cap of $294.50 million, a P/E ratio of 21.57 and a beta of 0.36. The stock’s 50 day moving average price is $38.19 and its 200 day moving average price is $35.14.
In other MutualFirst Financial news, insider David Wayne Heeter sold 7,285 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $34.57, for a total value of $251,842.45. Following the sale, the insider now directly owns 50,715 shares of the company’s stock, valued at approximately $1,753,217.55. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Patrick C. Botts sold 5,859 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $35.17, for a total transaction of $206,061.03. Following the completion of the sale, the chief operating officer now directly owns 27,017 shares in the company, valued at $950,187.89. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,209 shares of company stock worth $882,109. Insiders own 11.30% of the company’s stock.
Several large investors have recently made changes to their positions in MFSF. American International Group Inc. increased its position in shares of MutualFirst Financial by 7.5% in the 1st quarter. American International Group Inc. now owns 3,363 shares of the bank’s stock valued at $106,000 after purchasing an additional 235 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of MutualFirst Financial by 16.7% in the 1st quarter. Wells Fargo & Company MN now owns 3,490 shares of the bank’s stock valued at $110,000 after purchasing an additional 500 shares during the last quarter. First Quadrant L P CA purchased a new stake in shares of MutualFirst Financial in the 3rd quarter valued at approximately $112,000. Nationwide Fund Advisors increased its position in shares of MutualFirst Financial by 9.7% in the 2nd quarter. Nationwide Fund Advisors now owns 3,371 shares of the bank’s stock valued at $120,000 after purchasing an additional 298 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of MutualFirst Financial by 424.4% in the 1st quarter. Bank of America Corp DE now owns 3,933 shares of the bank’s stock valued at $124,000 after purchasing an additional 3,183 shares during the last quarter. 46.13% of the stock is currently owned by institutional investors.
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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