FIG Partners Comments on MutualFirst Financial Inc.’s Q3 2018 Earnings (MFSF)

MutualFirst Financial Inc. (NASDAQ:MFSF) – Equities research analysts at FIG Partners lifted their Q3 2018 earnings per share (EPS) estimates for shares of MutualFirst Financial in a report issued on Tuesday, May 15th. FIG Partners analyst B. Martin now forecasts that the bank will post earnings per share of $0.63 for the quarter, up from their prior forecast of $0.61. FIG Partners also issued estimates for MutualFirst Financial’s Q4 2018 earnings at $0.64 EPS, Q1 2019 earnings at $0.55 EPS, Q3 2019 earnings at $0.70 EPS, Q4 2019 earnings at $0.70 EPS and FY2019 earnings at $2.60 EPS.

MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings results on Friday, April 27th. The bank reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The firm had revenue of $18.02 million during the quarter, compared to analyst estimates of $19.45 million. MutualFirst Financial had a return on equity of 9.79% and a net margin of 16.42%.

A number of other analysts have also issued reports on the company. Zacks Investment Research upgraded MutualFirst Financial from a “sell” rating to a “hold” rating in a report on Friday. BidaskClub upgraded MutualFirst Financial from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Five investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $38.67.

Shares of MutualFirst Financial opened at $37.45 on Thursday, according to Marketbeat Ratings. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $308.70 million, a P/E ratio of 19.61, a PEG ratio of 3.06 and a beta of 0.19. MutualFirst Financial has a 52-week low of $35.75 and a 52-week high of $36.30.

A number of institutional investors have recently bought and sold shares of the business. Ancora Advisors LLC lifted its holdings in MutualFirst Financial by 10.7% during the first quarter. Ancora Advisors LLC now owns 535,056 shares of the bank’s stock worth $19,395,000 after buying an additional 51,809 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in MutualFirst Financial by 19.4% during the first quarter. The Manufacturers Life Insurance Company now owns 223,186 shares of the bank’s stock worth $8,091,000 after buying an additional 36,298 shares during the period. Dimensional Fund Advisors LP lifted its holdings in MutualFirst Financial by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 446,609 shares of the bank’s stock worth $16,190,000 after buying an additional 9,736 shares during the period. MetLife Investment Advisors LLC purchased a new stake in MutualFirst Financial during the fourth quarter worth $125,000. Finally, Deutsche Bank AG lifted its holdings in MutualFirst Financial by 17.0% during the fourth quarter. Deutsche Bank AG now owns 36,365 shares of the bank’s stock worth $1,399,000 after buying an additional 5,292 shares during the period. Institutional investors own 42.54% of the company’s stock.

In other MutualFirst Financial news, insider Charles J. Viater sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $37.57, for a total transaction of $93,925.00. Following the completion of the sale, the insider now owns 180,045 shares in the company, valued at $6,764,290.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michael J. Marien sold 3,578 shares of the company’s stock in a transaction on Monday, March 19th. The stock was sold at an average price of $36.51, for a total value of $130,632.78. Following the sale, the director now owns 51,928 shares of the company’s stock, valued at approximately $1,895,891.28. The disclosure for this sale can be found here. Insiders sold 13,109 shares of company stock valued at $482,816 in the last quarter. 11.30% of the stock is owned by company insiders.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 8th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.92%. MutualFirst Financial’s payout ratio is 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.

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

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