Wall Street analysts expect MutualFirst Financial Inc. (NASDAQ:MFSF) to announce $20.85 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for MutualFirst Financial’s earnings, with estimates ranging from $20.30 million to $21.40 million. MutualFirst Financial reported sales of $16.76 million during the same quarter last year, which would suggest a positive year over year growth rate of 24.4%. The firm is expected to report its next quarterly earnings report on Tuesday, July 24th.
According to Zacks, analysts expect that MutualFirst Financial will report full year sales of $81.30 million for the current financial year, with estimates ranging from $80.20 million to $82.40 million. For the next financial year, analysts anticipate that the firm will post sales of $86.75 million per share, with estimates ranging from $85.90 million to $87.60 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for MutualFirst Financial.
MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings data on Friday, April 27th. The bank reported $0.57 EPS for the quarter, beating the consensus estimate of $0.50 by $0.07. MutualFirst Financial had a return on equity of 9.79% and a net margin of 16.42%. The company had revenue of $18.02 million for the quarter, compared to analysts’ expectations of $19.45 million.
Several equities research analysts recently commented on the company. Zacks Investment Research cut MutualFirst Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. BidaskClub raised MutualFirst Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. Five equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and a consensus target price of $38.67.
Shares of MutualFirst Financial traded up $0.60, hitting $36.60, during trading on Wednesday, Marketbeat reports. 5,800 shares of the company’s stock traded hands, compared to its average volume of 6,727. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.96 and a quick ratio of 0.96. MutualFirst Financial has a 1 year low of $35.75 and a 1 year high of $36.30. The stock has a market capitalization of $311.27 million, a PE ratio of 19.16, a price-to-earnings-growth ratio of 3.09 and a beta of 0.19.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 8th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.97%. MutualFirst Financial’s dividend payout ratio (DPR) is presently 37.70%.
In other MutualFirst Financial news, Director Michael J. Marien sold 2,964 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $36.51, for a total value of $108,215.64. Following the transaction, the director now directly owns 55,759 shares of the company’s stock, valued at $2,035,761.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael J. Marien sold 2,200 shares of the firm’s stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $36.50, for a total value of $80,300.00. Following the completion of the transaction, the director now directly owns 51,928 shares in the company, valued at $1,895,372. The disclosure for this sale can be found here. Insiders sold 13,409 shares of company stock worth $493,607 over the last three months. Insiders own 28.00% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Ancora Advisors LLC boosted its position in MutualFirst Financial by 10.7% in the first quarter. Ancora Advisors LLC now owns 535,056 shares of the bank’s stock worth $19,395,000 after purchasing an additional 51,809 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in MutualFirst Financial by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 446,609 shares of the bank’s stock worth $16,190,000 after purchasing an additional 9,736 shares during the last quarter. BlackRock Inc. boosted its position in MutualFirst Financial by 1.1% in the fourth quarter. BlackRock Inc. now owns 318,583 shares of the bank’s stock worth $12,283,000 after purchasing an additional 3,509 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in MutualFirst Financial by 19.4% in the first quarter. The Manufacturers Life Insurance Company now owns 223,186 shares of the bank’s stock worth $8,091,000 after purchasing an additional 36,298 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in MutualFirst Financial by 3.7% in the fourth quarter. Renaissance Technologies LLC now owns 206,500 shares of the bank’s stock worth $7,961,000 after purchasing an additional 7,404 shares during the last quarter. 42.54% of the stock is currently owned by institutional investors and hedge funds.
MutualFirst Financial Company Profile
MutualFirst Financial, Inc operates as the bank holding company for MutualBank that provides various financial services in the United States. It accepts savings deposit, NOW, and demand accounts, as well as certificates of deposit. The company offers one-to four-family residential property, commercial real estate, construction and development, and commercial business loans; consumer loans, such as auto loans, boat and recreational vehicle loans, loans secured by savings deposits, and credit card and unsecured consumer loans; and adjustable rate loans.
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