DA Davidson Comments on MutualFirst Financial, Inc.’s Q2 2019 Earnings (MFSF)

MutualFirst Financial, Inc. (NASDAQ:MFSF) – Analysts at DA Davidson issued their Q2 2019 earnings per share (EPS) estimates for MutualFirst Financial in a report issued on Monday, October 29th. DA Davidson analyst K. Reevey expects that the bank will post earnings per share of $0.65 for the quarter. DA Davidson has a “Neutral” rating on the stock. DA Davidson also issued estimates for MutualFirst Financial’s Q3 2019 earnings at $0.69 EPS, Q4 2019 earnings at $0.70 EPS and FY2020 earnings at $2.80 EPS.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded MutualFirst Financial from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Tuesday, August 7th. ValuEngine cut MutualFirst Financial from a “hold” rating to a “sell” rating in a report on Saturday, September 22nd. BidaskClub upgraded MutualFirst Financial from a “sell” rating to a “hold” rating in a report on Friday, October 5th. Finally, TheStreet cut MutualFirst Financial from a “b” rating to a “c+” rating in a report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $40.50.

NASDAQ:MFSF opened at $36.03 on Wednesday. The firm has a market capitalization of $301.42 million, a P/E ratio of 18.86, a P/E/G ratio of 2.98 and a beta of 0.13. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.46. MutualFirst Financial has a twelve month low of $33.66 and a twelve month high of $40.00.

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

A number of large investors have recently made changes to their positions in MFSF. PNC Financial Services Group Inc. acquired a new stake in shares of MutualFirst Financial during the second quarter worth $882,000. Rhumbline Advisers acquired a new stake in shares of MutualFirst Financial during the second quarter worth $209,000. Dimensional Fund Advisors LP boosted its holdings in shares of 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 purchasing an additional 9,736 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of MutualFirst Financial by 8.9% during the second quarter. Renaissance Technologies LLC now owns 232,347 shares of the bank’s stock worth $8,771,000 after purchasing an additional 18,947 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of MutualFirst Financial by 5.8% during the second quarter. California Public Employees Retirement System now owns 29,171 shares of the bank’s stock worth $1,101,000 after purchasing an additional 1,597 shares during the last quarter. Hedge funds and other institutional investors own 46.71% 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.

Further Reading: Closed-End Mutual Funds

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

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