Wall Street analysts forecast that MutualFirst Financial, Inc. (NASDAQ:MFSF) will announce sales of $21.65 million for the current quarter, according to Zacks. Two analysts have made estimates for MutualFirst Financial’s earnings, with the highest sales estimate coming in at $21.80 million and the lowest estimate coming in at $21.50 million. MutualFirst Financial reported sales of $16.70 million during the same quarter last year, which would suggest a positive year over year growth rate of 29.6%. The company is scheduled to announce its next earnings results on Tuesday, October 23rd.

According to Zacks, analysts expect that MutualFirst Financial will report full-year sales of $82.70 million for the current financial year, with estimates ranging from $82.20 million to $83.20 million. For the next year, analysts expect that the firm will report sales of $88.85 million per share, with estimates ranging from $88.50 million to $89.20 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for MutualFirst Financial.

MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings data on Wednesday, July 25th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. MutualFirst Financial had a net margin of 15.56% and a return on equity of 9.92%. The firm had revenue of $21.41 million for the quarter, compared to analysts’ expectations of $20.10 million.

Several brokerages recently weighed in on MFSF. Zacks Investment Research upgraded shares of MutualFirst Financial from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, August 7th. DA Davidson restated a “neutral” rating on shares of MutualFirst Financial in a research report on Monday, July 30th. ValuEngine cut shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, TheStreet cut shares of MutualFirst Financial from a “b” rating to a “c+” rating in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. MutualFirst Financial presently has an average rating of “Hold” and an average target price of $40.50.

Hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. bought a new position in MutualFirst Financial during the second quarter valued at $882,000. The Manufacturers Life Insurance Company increased its position in MutualFirst Financial by 19.4% during the first quarter. The Manufacturers Life Insurance Company now owns 223,186 shares of the bank’s stock valued at $8,091,000 after acquiring an additional 36,298 shares during the last quarter. Dimensional Fund Advisors LP increased its position in MutualFirst Financial by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 446,609 shares of the bank’s stock valued at $16,190,000 after acquiring an additional 9,736 shares during the last quarter. Ancora Advisors LLC increased its position in MutualFirst Financial by 10.7% during the first quarter. Ancora Advisors LLC now owns 535,056 shares of the bank’s stock valued at $19,395,000 after acquiring an additional 51,809 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in MutualFirst Financial by 5.8% during the second quarter. California Public Employees Retirement System now owns 29,171 shares of the bank’s stock valued at $1,101,000 after acquiring an additional 1,597 shares during the last quarter. Institutional investors and hedge funds own 46.71% of the company’s stock.

Shares of MFSF opened at $36.45 on Tuesday. MutualFirst Financial has a fifty-two week low of $34.30 and a fifty-two week high of $40.50. The firm has a market capitalization of $314.30 million, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 3.02 and a beta of 0.13. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.46.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, September 7th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, September 6th. MutualFirst Financial’s dividend payout ratio is presently 37.70%.

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

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