MutualFirst Financial, Inc. (NASDAQ:MFSF) – Stock analysts at DA Davidson increased their Q3 2018 earnings per share (EPS) estimates for shares of MutualFirst Financial in a research report issued to clients and investors on Monday, July 30th. DA Davidson analyst K. Reevey now forecasts that the bank will earn $0.68 per share for the quarter, up from their previous forecast of $0.62. DA Davidson has a “Neutral” rating on the stock. DA Davidson also issued estimates for MutualFirst Financial’s Q4 2018 earnings at $0.69 EPS, FY2018 earnings at $2.55 EPS and FY2019 earnings at $2.79 EPS.
Get MutualFirst Financial alerts:A number of other research firms also recently weighed in on MFSF. Zacks Investment Research raised shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a research report on Tuesday. TheStreet downgraded shares of MutualFirst Financial from a “b” rating to a “c+” rating in a research report on Friday, July 27th. Five analysts have rated the stock with a hold rating, MutualFirst Financial currently has an average rating of “Hold” and a consensus price target of $41.00.
NASDAQ:MFSF opened at $38.05 on Thursday. The company has a market cap of $329.28 million, a price-to-earnings ratio of 19.92, a PEG ratio of 3.16 and a beta of 0.14. 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 fifty-two week low of $33.06 and a fifty-two week high of $40.50.
MutualFirst Financial (NASDAQ:MFSF) last released its earnings results on Wednesday, July 25th. The bank reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $21.41 million during the quarter, compared to the consensus estimate of $20.10 million. MutualFirst Financial had a net margin of 15.56% and a return on equity of 10.36%.
In other news, insider Charles J. Viater sold 775 shares of the firm’s stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $37.89, for a total transaction of $29,364.75. Following the completion of the sale, the insider now owns 177,745 shares of the company’s stock, valued at approximately $6,734,758.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Charles J. Viater sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $37.57, for a total transaction of $93,925.00. Following the sale, the insider now directly owns 180,045 shares of the company’s stock, valued at approximately $6,764,290.65. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,053 shares of company stock valued at $380,765. Insiders own 11.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of MFSF. Wells Fargo & Company MN grew its position in MutualFirst Financial by 59.4% in the 4th 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 during the period. Bank of New York Mellon Corp grew its position in MutualFirst Financial by 13.7% in the 4th quarter. Bank of New York Mellon Corp now owns 31,437 shares of the bank’s stock valued at $1,212,000 after purchasing an additional 3,783 shares during the period. BlackRock Inc. grew its position in MutualFirst Financial by 1.1% in the 4th quarter. BlackRock Inc. now owns 318,583 shares of the bank’s stock valued at $12,283,000 after purchasing an additional 3,509 shares during the period. Renaissance Technologies LLC grew its position in MutualFirst Financial by 3.7% in the 4th quarter. Renaissance Technologies LLC now owns 206,500 shares of the bank’s stock valued at $7,961,000 after purchasing an additional 7,404 shares during the period. Finally, Deutsche Bank AG grew its position in MutualFirst Financial by 17.0% in the 4th quarter. Deutsche Bank AG now owns 36,365 shares of the bank’s stock valued at $1,399,000 after purchasing an additional 5,292 shares during the period. 42.73% of the stock is owned by institutional investors and hedge funds.
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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