Brokerages predict that MutualFirst Financial, Inc. (NASDAQ:MFSF) will announce sales of $19.45 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for MutualFirst Financial’s earnings, with the lowest sales estimate coming in at $17.60 million and the highest estimate coming in at $21.30 million. MutualFirst Financial reported sales of $15.84 million during the same quarter last year, which indicates a positive year-over-year growth rate of 22.8%. The company is expected to announce its next quarterly earnings report on Tuesday, April 24th.
On average, analysts expect that MutualFirst Financial will report full-year sales of $19.45 million for the current fiscal year, with estimates ranging from $82.40 million to $88.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $89.45 million per share, with estimates ranging from $87.60 million to $91.30 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow MutualFirst Financial.
MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings results on Friday, February 2nd. The bank reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). MutualFirst Financial had a net margin of 16.00% and a return on equity of 9.78%. The firm had revenue of $17.04 million for the quarter, compared to the consensus estimate of $17.20 million.
MFSF has been the subject of a number of recent analyst reports. ValuEngine cut shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub cut shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Keefe, Bruyette & Woods restated a “hold” rating and set a $39.00 price target on shares of MutualFirst Financial in a report on Friday, December 22nd. Finally, Zacks Investment Research upgraded shares of MutualFirst Financial from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, December 27th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.67.
In related news, Director Jerry Dean Mcvicker sold 3,870 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $39.25, for a total value of $151,897.50. Following the completion of the sale, the director now owns 36,550 shares in the company, valued at $1,434,587.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Charles J. Viater sold 1,000 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $39.05, for a total transaction of $39,050.00. Following the completion of the sale, the insider now owns 182,937 shares of the company’s stock, valued at approximately $7,143,689.85. The disclosure for this sale can be found here. Insiders have sold 7,991 shares of company stock valued at $313,137 over the last 90 days. Corporate insiders own 11.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in shares of 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 buying an additional 18,993 shares during the period. BlackRock Inc. lifted its stake in shares of 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 buying an additional 3,509 shares during the period. Renaissance Technologies LLC lifted its stake in shares of MutualFirst Financial by 3.7% in the fourth quarter. Renaissance Technologies LLC now owns 206,500 shares of the bank’s stock valued at $7,961,000 after buying an additional 7,404 shares during the period. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 1,473 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of 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 buying an additional 2,395 shares during the period. Institutional investors and hedge funds own 47.58% of the company’s stock.
MutualFirst Financial (NASDAQ MFSF) traded down $0.25 during mid-day trading on Tuesday, reaching $35.45. 4,962 shares of the company’s stock were exchanged, compared to its average volume of 6,606. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.01 and a quick ratio of 1.01. MutualFirst Financial has a one year low of $29.50 and a one year high of $40.50. The company has a market capitalization of $261.95, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.99 and a beta of 0.18.
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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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