Equities analysts predict that MutualFirst Financial Inc. (NASDAQ:MFSF) will report $16.40 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for MutualFirst Financial’s earnings, with estimates ranging from $16.30 million to $16.50 million. MutualFirst Financial posted sales of $16.88 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2.8%. The company is scheduled to announce its next earnings report on Monday, July 24th.
According to Zacks, analysts expect that MutualFirst Financial will report full year sales of $16.40 million for the current year, with estimates ranging from $65.30 million to $67.10 million. For the next financial year, analysts anticipate that the firm will report sales of $68.35 million per share, with estimates ranging from $67.80 million to $68.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow MutualFirst Financial.
MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings data on Tuesday, April 25th. The bank reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. MutualFirst Financial had a net margin of 18.92% and a return on equity of 9.93%. The firm had revenue of $15.84 million during the quarter, compared to analysts’ expectations of $15.70 million.
A number of equities analysts recently issued reports on MFSF shares. Zacks Investment Research upgraded shares of MutualFirst Financial from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Friday, April 28th. ValuEngine upgraded shares of MutualFirst Financial from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th.
Institutional investors have recently made changes to their positions in the stock. Bowling Portfolio Management LLC bought a new position in shares of MutualFirst Financial during the first quarter worth about $630,000. Renaissance Technologies LLC raised its position in shares of MutualFirst Financial by 13.0% in the fourth quarter. Renaissance Technologies LLC now owns 156,180 shares of the bank’s stock worth $5,170,000 after buying an additional 17,980 shares in the last quarter. State Street Corp raised its position in shares of MutualFirst Financial by 12.7% in the fourth quarter. State Street Corp now owns 67,115 shares of the bank’s stock worth $2,222,000 after buying an additional 7,559 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of MutualFirst Financial by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 388,022 shares of the bank’s stock worth $12,242,000 after buying an additional 6,594 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of MutualFirst Financial during the first quarter worth about $171,000. Hedge funds and other institutional investors own 46.10% of the company’s stock.
Shares of MutualFirst Financial (MFSF) traded down 0.14% during mid-day trading on Friday, hitting $34.85. 2,548 shares of the company traded hands. MutualFirst Financial has a 52-week low of $25.51 and a 52-week high of $36.90. The firm has a 50-day moving average price of $34.43 and a 200 day moving average price of $32.50. The firm has a market cap of $255.94 million, a price-to-earnings ratio of 18.52 and a beta of 0.36.
The business also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 9th were given a $0.16 dividend. The ex-dividend date was Wednesday, June 7th. This represents a $0.64 dividend on an annualized basis and a yield of 1.83%. MutualFirst Financial’s dividend payout ratio is presently 34.04%.
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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