Brokerages predict that MutualFirst Financial, Inc. (NASDAQ:MFSF) will announce earnings of $0.57 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for MutualFirst Financial’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.57. MutualFirst Financial posted earnings per share of $0.52 in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.6%. The company is expected to issue its next earnings results on Tuesday, July 24th.
According to Zacks, analysts expect that MutualFirst Financial will report full year earnings of $2.34 per share for the current financial year, with EPS estimates ranging from $2.29 to $2.38. For the next financial year, analysts anticipate that the company will report earnings of $2.65 per share, with EPS estimates ranging from $2.60 to $2.72. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover MutualFirst Financial.
MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings data on Friday, April 27th. The bank reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. The company had revenue of $18.02 million during the quarter, compared to analysts’ expectations of $19.45 million. MutualFirst Financial had a net margin of 16.42% and a return on equity of 9.79%.
A number of analysts recently issued reports on the stock. TheStreet raised shares of MutualFirst Financial from a “c+” rating to a “b-” rating in a report on Friday, May 18th. Zacks Investment Research raised shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a report on Friday, May 18th. Finally, BidaskClub raised shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Five research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus price target of $38.67.
MutualFirst Financial opened at $37.90 on Monday, MarketBeat.com reports. The stock has a market capitalization of $327.13 million, a price-to-earnings ratio of 19.84, a P/E/G ratio of 3.23 and a beta of 0.21. MutualFirst Financial has a 1 year low of $31.05 and a 1 year high of $40.50. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.96 and a quick ratio of 0.96.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 8th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Thursday, June 7th. MutualFirst Financial’s dividend payout ratio (DPR) is presently 37.70%.
In other MutualFirst Financial news, insider Charles J. Viater sold 4,353 shares of the stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $38.18, for a total transaction of $166,197.54. Following the transaction, the insider now directly owns 174,377 shares of the company’s stock, valued at $6,657,713.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Charles J. Viater sold 2,500 shares of the stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of $37.57, for a total transaction of $93,925.00. Following the transaction, the insider now directly owns 180,045 shares in the company, valued at $6,764,290.65. The disclosure for this sale can be found here. Insiders have sold 16,665 shares of company stock worth $622,640 over the last three months. 28.00% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of MFSF. MetLife Investment Advisors LLC purchased a new position in MutualFirst Financial during the fourth quarter valued at $125,000. Bessemer Group Inc. lifted its holdings in MutualFirst Financial by 34.9% during the fourth quarter. Bessemer Group Inc. now owns 8,500 shares of the bank’s stock valued at $328,000 after purchasing an additional 2,200 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in MutualFirst Financial by 23.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 12,500 shares of the bank’s stock valued at $482,000 after purchasing an additional 2,400 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in MutualFirst Financial by 59.4% during the fourth quarter. Wells Fargo & Company MN now owns 15,074 shares of the bank’s stock valued at $581,000 after purchasing an additional 5,619 shares in the last quarter. Finally, Martingale Asset Management L P lifted its holdings in MutualFirst Financial by 38.4% during the fourth quarter. Martingale Asset Management L P now owns 19,454 shares of the bank’s stock valued at $750,000 after purchasing an additional 5,401 shares in the last quarter. 42.74% 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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