Wall Street brokerages forecast that MutualFirst Financial, Inc. (NASDAQ:MFSF) will announce earnings of $0.68 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for MutualFirst Financial’s earnings. The lowest EPS estimate is $0.65 and the highest is $0.70. MutualFirst Financial reported earnings per share of $0.64 in the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The business is expected to issue its next earnings report on Thursday, October 24th.
On average, analysts expect that MutualFirst Financial will report full-year earnings of $2.55 per share for the current fiscal year, with EPS estimates ranging from $2.44 to $2.66. For the next year, analysts expect that the company will post earnings of $2.61 per share, with EPS estimates ranging from $2.55 to $2.73. Zacks’ EPS averages are a mean average based on a survey of analysts that cover MutualFirst Financial.
MutualFirst Financial (NASDAQ:MFSF) last issued its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.04. MutualFirst Financial had a net margin of 20.40% and a return on equity of 10.83%. The business had revenue of $21.75 million during the quarter, compared to analysts’ expectations of $21.55 million.
In other MutualFirst Financial news, Director Michael J. Marien sold 3,800 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $30.90, for a total transaction of $117,420.00. Following the sale, the director now directly owns 51,750 shares of the company’s stock, valued at approximately $1,599,075. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark L. Barkley sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $31.11, for a total transaction of $155,550.00. Following the sale, the director now directly owns 197,745 shares in the company, valued at $6,151,846.95. The disclosure for this sale can be found here. Insiders sold a total of 12,875 shares of company stock valued at $407,289 over the last 90 days. Corporate insiders own 27.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of MFSF. BlackRock Inc. grew its holdings in MutualFirst Financial by 2.8% during the 4th quarter. BlackRock Inc. now owns 311,356 shares of the bank’s stock worth $8,273,000 after acquiring an additional 8,581 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of MutualFirst Financial in the 1st quarter valued at $142,000. Advisor Group Inc. boosted its stake in shares of MutualFirst Financial by 367.4% in the 2nd quarter. Advisor Group Inc. now owns 5,796 shares of the bank’s stock valued at $197,000 after purchasing an additional 4,556 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of MutualFirst Financial by 4.6% in the 4th quarter. Geode Capital Management LLC now owns 61,886 shares of the bank’s stock valued at $1,644,000 after purchasing an additional 2,727 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of MutualFirst Financial by 80.6% in the 4th quarter. Bank of America Corp DE now owns 3,945 shares of the bank’s stock valued at $106,000 after purchasing an additional 1,761 shares during the last quarter. 47.48% of the stock is currently owned by hedge funds and other institutional investors.
MutualFirst Financial stock traded down $0.10 during midday trading on Monday, hitting $32.00. The company’s stock had a trading volume of 63 shares, compared to its average volume of 7,188. MutualFirst Financial has a 1-year low of $24.28 and a 1-year high of $38.90. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.98 and a current ratio of 0.98. The company has a 50-day simple moving average of $32.07. The company has a market capitalization of $276.62 million, a P/E ratio of 13.17, a price-to-earnings-growth ratio of 2.51 and a beta of 0.72.
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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