Equities analysts predict that MutualFirst Financial, Inc. (NASDAQ:MFSF) will report sales of $22.00 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for MutualFirst Financial’s earnings. The lowest sales estimate is $21.90 million and the highest is $22.10 million. MutualFirst Financial reported sales of $21.46 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.5%. The company is scheduled to report its next earnings report on Thursday, October 24th.
According to Zacks, analysts expect that MutualFirst Financial will report full year sales of $86.40 million for the current fiscal year, with estimates ranging from $85.50 million to $87.30 million. For the next fiscal year, analysts forecast that the company will report sales of $89.55 million, with estimates ranging from $88.00 million to $91.10 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for MutualFirst Financial.
MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. MutualFirst Financial had a net margin of 20.40% and a return on equity of 10.83%. The firm had revenue of $21.75 million during the quarter, compared to analyst estimates of $21.55 million.
MFSF has been the subject of a number of research analyst reports. BidaskClub lowered shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Zacks Investment Research upgraded shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th.
In other MutualFirst Financial news, Director Michael J. Marien sold 3,800 shares of the company’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 value of $117,420.00. Following the completion of the transaction, the director now directly owns 51,750 shares in the company, valued at $1,599,075. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark L. Barkley sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $32.08, for a total transaction of $160,400.00. Following the completion of the transaction, the director now owns 192,150 shares of the company’s stock, valued at $6,164,172. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,875 shares of company stock valued at $567,689. Company insiders own 27.40% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of MFSF. BNP Paribas Arbitrage SA lifted its holdings in shares of MutualFirst Financial by 510.5% in the first quarter. BNP Paribas Arbitrage SA now owns 1,221 shares of the bank’s stock worth $37,000 after buying an additional 1,021 shares in the last quarter. LSV Asset Management purchased a new position in shares of MutualFirst Financial in the second quarter worth $51,000. Acadian Asset Management LLC lifted its holdings in shares of MutualFirst Financial by 440.8% in the second quarter. Acadian Asset Management LLC now owns 2,985 shares of the bank’s stock worth $102,000 after buying an additional 2,433 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of MutualFirst Financial by 80.6% in the fourth quarter. Bank of America Corp DE now owns 3,945 shares of the bank’s stock worth $106,000 after buying an additional 1,761 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of MutualFirst Financial in the first quarter worth $142,000. Institutional investors and hedge funds own 47.48% of the company’s stock.
Shares of MFSF stock traded up $0.04 during trading hours on Wednesday, reaching $32.04. The company had a trading volume of 4,700 shares, compared to its average volume of 8,959. The business has a fifty day moving average of $32.28. MutualFirst Financial has a one year low of $24.28 and a one year high of $38.90. The firm has a market capitalization of $275.76 million, a price-to-earnings ratio of 13.19, a PEG ratio of 2.51 and a beta of 0.72. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.30.
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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