MutualFirst Financial, Inc. (NASDAQ:MFSF) – Equities researchers at FIG Partners lifted their Q1 2019 earnings per share estimates for shares of MutualFirst Financial in a note issued to investors on Friday. FIG Partners analyst B. Martin now anticipates that the bank will earn $0.51 per share for the quarter, up from their prior forecast of $0.47. FIG Partners also issued estimates for MutualFirst Financial’s Q2 2019 earnings at $0.67 EPS, Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.66 EPS and FY2019 earnings at $2.50 EPS.

MFSF has been the topic of a number of other research reports. BidaskClub raised MutualFirst Financial from a “hold” rating to a “buy” rating in a research report on Saturday, December 30th. Zacks Investment Research raised MutualFirst Financial from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, December 27th. ValuEngine downgraded MutualFirst Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $39.00 price target on shares of MutualFirst Financial in a research report on Friday, December 22nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $38.67.

MutualFirst Financial (MFSF) traded down $0.90 on Monday, hitting $35.25. The stock had a trading volume of 14,000 shares, compared to its average volume of 5,723. MutualFirst Financial has a fifty-two week low of $29.50 and a fifty-two week high of $40.50. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.44. The company has a market cap of $267.13, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 3.05 and a beta of 0.18.

MutualFirst Financial (NASDAQ:MFSF) last released its earnings results on Friday, February 2nd. The bank reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). MutualFirst Financial had a return on equity of 9.78% and a net margin of 16.00%. The business had revenue of $17.04 million during the quarter, compared to analysts’ expectations of $17.20 million.

A number of hedge funds have recently modified their holdings of MFSF. Russell Investments Group Ltd. bought a new stake in MutualFirst Financial during the third quarter valued at about $101,000. First Quadrant L P CA bought a new stake in MutualFirst Financial during the third quarter valued at about $112,000. Nationwide Fund Advisors boosted its position in MutualFirst Financial by 9.7% during the second quarter. Nationwide Fund Advisors now owns 3,371 shares of the bank’s stock valued at $120,000 after purchasing an additional 298 shares in the last quarter. Advisor Group Inc. bought a new stake in MutualFirst Financial during the second quarter valued at about $141,000. Finally, Rhumbline Advisers bought a new stake in MutualFirst Financial during the second quarter valued at about $224,000. 47.58% of the stock is currently owned by institutional investors.

In related news, Director Jerry Dean Mcvicker sold 1,621 shares of the firm’s stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $39.25, for a total transaction of $63,624.25. Following the sale, the director now owns 36,550 shares of the company’s stock, valued at $1,434,587.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Charles J. Viater sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $39.05, for a total value of $50,765.00. Following the sale, the insider now directly owns 184,437 shares in the company, valued at approximately $7,202,264.85. The disclosure for this sale can be found here. Insiders have sold a total of 9,030 shares of company stock worth $353,211 in the last three months. Corporate insiders own 11.30% of the company’s stock.

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About MutualFirst Financial

MutualFirst Financial, Inc (MutualFirst) is the bank holding company of MutualBank (MutualBank or the Bank). The Bank offers financial services through approximately 30 full service retail financial center offices in Allen, Delaware, Elkhart, Grant, Kosciusko, Randolph, Saint Joseph and Wabash counties in Indiana.

Earnings History and Estimates for MutualFirst Financial (NASDAQ:MFSF)

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