MutualFirst Financial, Inc. (NASDAQ:MFSF) – Equities research analysts at FIG Partners lifted their Q3 2019 earnings estimates for shares of MutualFirst Financial in a research report issued to clients and investors on Wednesday, May 1st. FIG Partners analyst B. Martin now forecasts that the bank will earn $0.68 per share for the quarter, up from their previous forecast of $0.67. FIG Partners also issued estimates for MutualFirst Financial’s FY2019 earnings at $2.60 EPS.
MutualFirst Financial (NASDAQ:MFSF) last posted its quarterly earnings data on Tuesday, April 23rd. The bank reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The firm had revenue of $21.13 million during the quarter, compared to analysts’ expectations of $20.75 million. MutualFirst Financial had a net margin of 19.24% and a return on equity of 10.93%.
A number of other equities analysts have 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 Friday, January 11th. ValuEngine cut shares of MutualFirst Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 15th. Finally, BidaskClub raised shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. MutualFirst Financial presently has an average rating of “Hold” and a consensus price target of $34.00.
NASDAQ:MFSF opened at $30.03 on Monday. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $262.05 million, a P/E ratio of 12.36, a P/E/G ratio of 2.35 and a beta of 0.68. MutualFirst Financial has a fifty-two week low of $24.28 and a fifty-two week high of $40.00.
A number of institutional investors have recently added to or reduced their stakes in MFSF. BlackRock Inc. lifted its holdings in MutualFirst Financial by 2.8% during the 4th quarter. BlackRock Inc. now owns 311,356 shares of the bank’s stock worth $8,273,000 after buying an additional 8,581 shares in the last quarter. Vanguard Group Inc lifted its holdings in MutualFirst Financial by 2.2% during the 3rd quarter. Vanguard Group Inc now owns 273,684 shares of the bank’s stock worth $10,085,000 after buying an additional 5,771 shares in the last quarter. Vanguard Group Inc. lifted its holdings in MutualFirst Financial by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 273,684 shares of the bank’s stock worth $10,085,000 after buying an additional 5,771 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in MutualFirst Financial by 2.3% during the 3rd quarter. Renaissance Technologies LLC now owns 237,800 shares of the bank’s stock worth $8,763,000 after buying an additional 5,453 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in MutualFirst Financial by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 454,191 shares of the bank’s stock worth $16,737,000 after buying an additional 5,027 shares in the last quarter. Institutional investors own 47.21% of the company’s stock.
In other MutualFirst Financial news, Director Mark L. Barkley sold 5,000 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $31.21, for a total transaction of $156,050.00. Following the sale, the director now directly owns 202,750 shares in the company, valued at approximately $6,327,827.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. 27.40% of the stock is owned by corporate insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.66%. MutualFirst Financial’s payout ratio is currently 32.92%.
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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