Q1 2019 EPS Estimates for MutualFirst Financial, Inc. Increased by Analyst (MFSF)

MutualFirst Financial, Inc. (NASDAQ:MFSF) – FIG Partners lifted their Q1 2019 EPS estimates for MutualFirst Financial in a research report issued to clients and investors on Wednesday, November 7th. FIG Partners analyst B. Martin now anticipates that the bank will earn $0.58 per share for the quarter, up from their previous estimate of $0.57. FIG Partners also issued estimates for MutualFirst Financial’s Q2 2019 earnings at $0.64 EPS, Q3 2019 earnings at $0.69 EPS and Q4 2019 earnings at $0.70 EPS.

MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings results on Thursday, October 25th. The bank reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). MutualFirst Financial had a net margin of 16.27% and a return on equity of 10.57%. The company had revenue of $21.46 million for the quarter, compared to the consensus estimate of $21.65 million.

Several other analysts have also issued reports on the company. ValuEngine lowered MutualFirst Financial from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research downgraded MutualFirst Financial from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. BidaskClub upgraded MutualFirst Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 5th. TheStreet downgraded MutualFirst Financial from a “b” rating to a “c+” rating in a research report on Friday, July 27th. Finally, DA Davidson restated a “neutral” rating on shares of MutualFirst Financial in a research report on Monday, July 30th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. MutualFirst Financial has a consensus rating of “Hold” and a consensus price target of $39.50.

NASDAQ:MFSF traded down $0.28 during mid-day trading on Friday, hitting $35.47. 6 shares of the company traded hands, compared to its average volume of 8,428. MutualFirst Financial has a one year low of $33.66 and a one year high of $40.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $305.28 million, a PE ratio of 18.57, a P/E/G ratio of 2.97 and a beta of 0.14.

In other news, Director Mark L. Barkley sold 5,000 shares of the business’s 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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.30% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the stock. California Public Employees Retirement System lifted its position in shares of MutualFirst Financial by 5.8% in the second quarter. California Public Employees Retirement System now owns 29,171 shares of the bank’s stock worth $1,101,000 after buying an additional 1,597 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of MutualFirst Financial by 13.4% in the third quarter. Wells Fargo & Company MN now owns 17,838 shares of the bank’s stock worth $658,000 after buying an additional 2,110 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of MutualFirst Financial by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 449,164 shares of the bank’s stock worth $16,956,000 after buying an additional 2,555 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of MutualFirst Financial in the third quarter worth about $136,000. Finally, Rhumbline Advisers purchased a new stake in MutualFirst Financial during the second quarter valued at approximately $209,000. Institutional investors own 46.64% of the company’s stock.

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.

Read More: Earnings Per Share (EPS) Explained

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

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