MutualFirst Financial, Inc. (MFSF) Expected to Announce Earnings of $0.52 Per Share
Equities analysts forecast that MutualFirst Financial, Inc. (NASDAQ:MFSF) will report earnings of $0.52 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for MutualFirst Financial’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.45. MutualFirst Financial reported earnings per share of $0.43 during the same quarter last year, which indicates a positive year over year growth rate of 20.9%. The company is scheduled to announce its next quarterly earnings results on Tuesday, April 24th.
According to Zacks, analysts expect that MutualFirst Financial will report full year earnings of $2.37 per share for the current year, with EPS estimates ranging from $2.28 to $2.45. For the next fiscal year, analysts forecast that the company will post earnings of $2.64 per share, with EPS estimates ranging from $2.50 to $2.77. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover MutualFirst Financial.
MutualFirst Financial (NASDAQ:MFSF) last posted its earnings results on Friday, February 2nd. The bank reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). MutualFirst Financial had a net margin of 16.00% and a return on equity of 9.78%. The company had revenue of $17.04 million during the quarter, compared to analyst estimates of $17.20 million.
In other MutualFirst Financial news, insider Charles J. Viater sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.05, for a total value of $39,050.00. Following the completion of the transaction, the insider now owns 182,937 shares of the company’s stock, valued at approximately $7,143,689.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael J. Marien sold 2,600 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $36.22, for a total transaction of $94,172.00. Following the completion of the transaction, the director now directly owns 59,492 shares of the company’s stock, valued at approximately $2,154,800.24. The disclosure for this sale can be found here. Insiders sold a total of 5,621 shares of company stock valued at $211,227 in the last three months. 11.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Teachers Advisors LLC increased its stake in shares of MutualFirst Financial by 17.1% during the second quarter. Teachers Advisors LLC now owns 10,016 shares of the bank’s stock worth $358,000 after acquiring an additional 1,465 shares during the period. TIAA CREF Investment Management LLC increased its position in shares of MutualFirst Financial by 7.4% in the second quarter. TIAA CREF Investment Management LLC now owns 16,028 shares of the bank’s stock worth $572,000 after purchasing an additional 1,107 shares during the period. Nationwide Fund Advisors increased its position in shares of MutualFirst Financial by 9.7% in the second quarter. Nationwide Fund Advisors now owns 3,371 shares of the bank’s stock worth $120,000 after purchasing an additional 298 shares during the period. New York State Common Retirement Fund increased its position in shares of MutualFirst Financial by 112.6% in the second quarter. New York State Common Retirement Fund now owns 8,495 shares of the bank’s stock worth $303,000 after purchasing an additional 4,499 shares during the period. Finally, Northern Trust Corp increased its position in shares of MutualFirst Financial by 16.1% in the second quarter. Northern Trust Corp now owns 71,373 shares of the bank’s stock worth $2,549,000 after purchasing an additional 9,877 shares during the period. 47.90% of the stock is owned by institutional investors.
MutualFirst Financial (NASDAQ MFSF) traded up $0.10 during trading on Wednesday, reaching $35.80. 5,406 shares of the company traded hands, compared to its average volume of 5,905. MutualFirst Financial has a 12-month low of $30.75 and a 12-month high of $40.50. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market cap of $265.28, a P/E ratio of 18.74, a PEG ratio of 3.01 and a beta of 0.24.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a $0.18 dividend. The ex-dividend date is Thursday, March 8th. This represents a $0.72 annualized dividend and a yield of 2.01%. MutualFirst Financial’s dividend payout ratio is presently 37.70%.
MutualFirst Financial Company Profile
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.
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