FIG Partners Comments on MutualFirst Financial, Inc.’s FY2018 Earnings (MFSF)

MutualFirst Financial, Inc. (NASDAQ:MFSF) – Equities researchers at FIG Partners lowered their FY2018 earnings per share estimates for shares of MutualFirst Financial in a research report issued on Friday, October 26th. FIG Partners analyst B. Martin now anticipates that the bank will post earnings per share of $2.40 for the year, down from their prior estimate of $2.45.

A number of other research analysts have also recently commented on the stock. Zacks Investment Research raised shares of MutualFirst Financial from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 9th. BidaskClub raised shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 5th. ValuEngine cut shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. TheStreet cut shares of MutualFirst Financial from a “b” rating to a “c+” rating in a research report on Friday, July 27th. Finally, DA Davidson reissued a “neutral” rating on shares of MutualFirst Financial in a research report on Monday, July 30th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $40.50.

NASDAQ MFSF opened at $36.03 on Monday. MutualFirst Financial has a 12 month low of $33.66 and a 12 month high of $40.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $301.42 million, a price-to-earnings ratio of 18.86, a P/E/G ratio of 2.91 and a beta of 0.13.

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

Institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new stake in shares of MutualFirst Financial during the second quarter worth about $882,000. Rhumbline Advisers acquired a new stake in shares of MutualFirst Financial during the second quarter worth about $209,000. The Manufacturers Life Insurance Company lifted its position in shares of 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 purchasing an additional 36,298 shares in the last quarter. Dimensional Fund Advisors LP lifted its position 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 in the last quarter. Finally, Renaissance Technologies LLC lifted its position 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 in the last quarter. 46.71% of the stock is currently owned by institutional investors and hedge funds.

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: Stock Symbols and CUSIP Explained

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

Receive News & Ratings for MutualFirst Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MutualFirst Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply