Equities analysts expect that MutualFirst Financial, Inc. (NASDAQ:MFSF) will announce sales of $21.45 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for MutualFirst Financial’s earnings. The lowest sales estimate is $21.30 million and the highest is $21.60 million. MutualFirst Financial reported sales of $17.04 million in the same quarter last year, which indicates a positive year over year growth rate of 25.9%. The business is scheduled to issue its next earnings report on Friday, February 1st.

According to Zacks, analysts expect that MutualFirst Financial will report full year sales of $82.00 million for the current fiscal year, with estimates ranging from $81.50 million to $82.50 million. For the next financial year, analysts expect that the firm will post sales of $87.50 million, with estimates ranging from $87.10 million to $87.90 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for MutualFirst Financial.

MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings results on Thursday, October 25th. The bank reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). The business had revenue of $21.46 million during the quarter, compared to analyst estimates of $21.65 million. MutualFirst Financial had a net margin of 16.27% and a return on equity of 10.34%.

Several brokerages recently weighed in on MFSF. Zacks Investment Research downgraded shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine cut shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, November 6th. Finally, BidaskClub upgraded shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 5th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. MutualFirst Financial presently has a consensus rating of “Hold” and an average price target of $39.50.

In other news, insider Charles J. Viater sold 2,000 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $35.83, for a total transaction of $71,660.00. Following the completion of the transaction, the insider now owns 170,245 shares in the company, valued at approximately $6,099,878.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark L. Barkley sold 5,000 shares of the stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $35.49, for a total value of $177,450.00. The disclosure for this sale can be found here. Corporate insiders own 28.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of MFSF. Ancora Advisors LLC lifted its stake in shares of MutualFirst Financial by 0.3% in the 3rd quarter. Ancora Advisors LLC now owns 539,549 shares of the bank’s stock valued at $19,882,000 after purchasing an additional 1,650 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of MutualFirst Financial by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 454,191 shares of the bank’s stock worth $16,737,000 after acquiring an additional 5,027 shares during the period. BlackRock Inc. grew its holdings in MutualFirst Financial by 1.3% during the third quarter. BlackRock Inc. now owns 302,775 shares of the bank’s stock valued at $11,157,000 after purchasing an additional 3,935 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of MutualFirst Financial by 4.7% in the third quarter. The Manufacturers Life Insurance Company now owns 295,702 shares of the bank’s stock worth $10,897,000 after acquiring an additional 13,181 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of MutualFirst Financial by 2.2% in the third 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. Institutional investors and hedge funds own 47.21% of the company’s stock.

MutualFirst Financial stock traded down $2.25 during midday trading on Wednesday, hitting $33.65. 7,750 shares of the stock were exchanged, compared to its average volume of 5,716. The company has a market capitalization of $303.91 million, a price-to-earnings ratio of 17.62, a price-to-earnings-growth ratio of 2.91 and a beta of 0.13. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.98 and a quick ratio of 0.98. MutualFirst Financial has a 1 year low of $33.61 and a 1 year high of $40.00.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Thursday, December 13th. This is a boost from MutualFirst Financial’s previous quarterly dividend of $0.18. MutualFirst Financial’s payout ratio is currently 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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