MutualFirst Financial (MFSF) Earning Somewhat Positive Press Coverage, Accern Reports
News coverage about MutualFirst Financial (NASDAQ:MFSF) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. MutualFirst Financial earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media coverage about the bank an impact score of 48.3439062305822 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- MutualFirst Financial Inc. (MFSF) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- FIG Partners Equities Analysts Decrease Earnings Estimates for MutualFirst Financial Inc. (MFSF) (americanbankingnews.com)
- MutualFirst Financial Inc. (MFSF) Forecasted to Post FY2017 Earnings of $1.91 Per Share (americanbankingnews.com)
- MutualFirst Financial Inc. (MFSF) Insider Sells $28,364.50 in Stock (americanbankingnews.com)
- MutualFirst Financial Inc. (MFSF) Director Sells $144,067.97 in Stock (americanbankingnews.com)
MutualFirst Financial (NASDAQ MFSF) remained flat at $$39.30 on Monday. 301 shares of the stock traded hands, compared to its average volume of 10,454. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 1.64. MutualFirst Financial has a twelve month low of $26.82 and a twelve month high of $40.50. The firm has a market cap of $290.40, a PE ratio of 20.90, a P/E/G ratio of 4.08 and a beta of 0.36.
MutualFirst Financial (NASDAQ:MFSF) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. MutualFirst Financial had a net margin of 18.68% and a return on equity of 9.86%. The company had revenue of $16.70 million for the quarter, compared to analyst estimates of $17.00 million. research analysts expect that MutualFirst Financial will post 1.93 earnings per share for the current fiscal year.
MFSF has been the topic of several recent analyst reports. Zacks Investment Research raised MutualFirst Financial from a “hold” rating to a “strong-buy” rating and set a $40.00 price target on the stock in a research note on Saturday, July 29th. TheStreet lowered MutualFirst Financial from a “b-” rating to a “c+” rating in a research note on Tuesday, July 25th. BidaskClub lowered MutualFirst Financial from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. DA Davidson raised MutualFirst Financial from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $29.00 to $34.00 in a research note on Wednesday, July 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $36.00 target price on shares of MutualFirst Financial in a research note on Sunday, October 8th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $36.67.
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In related news, insider Charles J. Viater sold 710 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $39.95, for a total transaction of $28,364.50. Following the transaction, the insider now directly owns 188,452 shares of the company’s stock, valued at $7,528,657.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jerry Dean Mcvicker sold 3,599 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $40.03, for a total transaction of $144,067.97. Following the transaction, the director now directly owns 36,550 shares in the company, valued at $1,463,096.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,439 shares of company stock worth $177,554. 11.30% of the stock is owned by insiders.
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.
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