MutualFirst Financial, Inc. (NASDAQ:MFSF) – Research analysts at DA Davidson dropped their FY2018 EPS estimates for shares of MutualFirst Financial in a research report issued on Monday, October 29th. DA Davidson analyst K. Reevey now expects that the bank will post earnings per share of $2.49 for the year, down from their prior forecast of $2.55. DA Davidson has a “Neutral” rating on the stock. DA Davidson also issued estimates for MutualFirst Financial’s Q4 2018 earnings at $0.67 EPS, Q1 2019 earnings at $0.64 EPS and FY2019 earnings at $2.67 EPS.
MutualFirst Financial (NASDAQ:MFSF) last posted its quarterly earnings results on Thursday, October 25th. The bank reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). MutualFirst Financial had a net margin of 16.27% and a return on equity of 10.57%. The business had revenue of $21.46 million during the quarter, compared to the consensus estimate of $21.65 million.
A number of other research analysts also recently issued reports on MFSF. Zacks Investment Research downgraded shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. TheStreet downgraded shares of MutualFirst Financial from a “b” rating to a “c+” rating in a research report on Friday, July 27th. ValuEngine downgraded shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Finally, BidaskClub downgraded shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. MutualFirst Financial has a consensus rating of “Hold” and a consensus target price of $39.50.
Shares of MutualFirst Financial stock opened at $36.27 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.46. MutualFirst Financial has a 52-week low of $33.66 and a 52-week high of $40.00. The company has a market capitalization of $309.40 million, a PE ratio of 18.99, a PEG ratio of 2.99 and a beta of 0.13.
Institutional investors have recently modified their holdings of the company. Rhumbline Advisers purchased a new position in shares of MutualFirst Financial in the 2nd quarter worth approximately $209,000. Wells Fargo & Company MN grew its position in shares of MutualFirst Financial by 13.4% in the 3rd quarter. Wells Fargo & Company MN now owns 17,838 shares of the bank’s stock worth $658,000 after buying an additional 2,110 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of MutualFirst Financial in the 2nd quarter worth approximately $882,000. California Public Employees Retirement System grew its position in shares of MutualFirst Financial by 5.8% in the 2nd quarter. California Public Employees Retirement System now owns 29,171 shares of the bank’s stock worth $1,101,000 after buying an additional 1,597 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of MutualFirst Financial by 8.9% in the 2nd quarter. Renaissance Technologies LLC now owns 232,347 shares of the bank’s stock worth $8,771,000 after buying an additional 18,947 shares during the last quarter. 46.71% of the stock is currently owned by hedge funds and other institutional investors.
About MutualFirst Financial
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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