MutualFirst Financial, Inc. (NASDAQ:MFSF) – Analysts at FIG Partners dropped their FY2018 earnings per share estimates for MutualFirst Financial in a report issued on Monday. FIG Partners analyst B. Martin now forecasts that the bank will post earnings of $2.28 per share for the year, down from their previous estimate of $2.29.
MutualFirst Financial (NASDAQ:MFSF) last issued its quarterly earnings results on Friday, February 2nd. The bank reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). MutualFirst Financial had a net margin of 16.00% and a return on equity of 9.78%. The firm had revenue of $17.04 million for the quarter, compared to the consensus estimate of $17.20 million.
MutualFirst Financial (MFSF) traded up $0.55 on Wednesday, hitting $36.65. The stock had a trading volume of 967 shares, compared to its average volume of 5,164. The stock has a market capitalization of $264.54, a price-to-earnings ratio of 22.01, a P/E/G ratio of 3.19 and a beta of 0.18. MutualFirst Financial has a one year low of $29.50 and a one year high of $40.50. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.01 and a quick ratio of 1.01.
In related news, insider Charles J. Viater sold 1,000 shares of the stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $39.05, for a total value of $39,050.00. Following the completion of the sale, the insider now owns 182,937 shares in the company, valued at $7,143,689.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Charles J. Viater sold 1,039 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $38.57, for a total transaction of $40,074.23. Following the transaction, the insider now owns 186,438 shares of the company’s stock, valued at approximately $7,190,913.66. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,030 shares of company stock valued at $353,211. 11.30% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of MFSF. TIAA CREF Investment Management LLC increased its holdings in shares of MutualFirst Financial by 7.4% in the second quarter. TIAA CREF Investment Management LLC now owns 16,028 shares of the bank’s stock valued at $572,000 after purchasing an additional 1,107 shares in the last quarter. New York State Common Retirement Fund grew its holdings in MutualFirst Financial by 112.6% during the 2nd quarter. New York State Common Retirement Fund now owns 8,495 shares of the bank’s stock worth $303,000 after acquiring an additional 4,499 shares during the period. Macquarie Group Ltd. bought a new position in shares of MutualFirst Financial during the third quarter worth $423,000. Hillsdale Investment Management Inc. boosted its position in shares of MutualFirst Financial by 47.6% during the third quarter. Hillsdale Investment Management Inc. now owns 21,700 shares of the bank’s stock worth $834,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in MutualFirst Financial by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 398,647 shares of the bank’s stock valued at $14,232,000 after acquiring an additional 10,625 shares in the last quarter. Institutional investors own 47.54% of the company’s stock.
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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