MutualFirst Financial Inc. (NASDAQ:MFSF) – Stock analysts at FIG Partners raised their Q1 2017 earnings per share estimates for MutualFirst Financial in a research note issued on Monday. FIG Partners analyst B. Martin now anticipates that the brokerage will post earnings per share of $0.36 for the quarter, up from their previous estimate of $0.34. FIG Partners also issued estimates for MutualFirst Financial’s Q2 2017 earnings at $0.44 EPS, Q3 2017 earnings at $0.46 EPS and FY2017 earnings at $1.70 EPS.

MFSF has been the topic of a number of other reports. DA Davidson reaffirmed a “sell” rating and set a $24.00 price objective on shares of MutualFirst Financial in a report on Friday. Zacks Investment Research upgraded shares of MutualFirst Financial from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Saturday, October 29th.

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

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MutualFirst Financial (NASDAQ:MFSF) traded up 0.69% during midday trading on Tuesday, hitting $29.30. The stock had a trading volume of 1,444 shares. The company has a market cap of $214.59 million, a P/E ratio of 16.65 and a beta of 0.47. The stock’s 50-day moving average is $27.88 and its 200-day moving average is $27.49. MutualFirst Financial has a one year low of $21.20 and a one year high of $30.00.

MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.06. MutualFirst Financial had a return on equity of 9.49% and a net margin of 18.41%.

A number of hedge funds and other institutional investors have recently bought and sold shares of MFSF. Maltese Capital Management LLC boosted its position in MutualFirst Financial by 85.5% in the second quarter. Maltese Capital Management LLC now owns 385,200 shares of the company’s stock valued at $10,535,000 after buying an additional 177,600 shares during the period. Dimensional Fund Advisors LP boosted its position in MutualFirst Financial by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 378,257 shares of the company’s stock valued at $10,345,000 after buying an additional 1,247 shares during the period. Vanguard Group Inc. boosted its position in MutualFirst Financial by 7.2% in the second quarter. Vanguard Group Inc. now owns 183,396 shares of the company’s stock valued at $5,016,000 after buying an additional 12,343 shares during the period. BlackRock Fund Advisors boosted its position in MutualFirst Financial by 12,274.3% in the second quarter. BlackRock Fund Advisors now owns 128,074 shares of the company’s stock valued at $3,503,000 after buying an additional 127,039 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in MutualFirst Financial during the third quarter valued at $2,947,000. Hedge funds and other institutional investors own 45.78% of the company’s stock.

WARNING: “FIG Partners Comments on MutualFirst Financial Inc.’s Q1 2017 Earnings (MFSF)” was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at http://www.dailypolitical.com/2016/11/29/fig-partners-comments-on-mutualfirst-financial-inc-s-q1-2017-earnings-mfsf.html.

In related news, insider Charles J. Viater sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $28.05, for a total value of $56,100.00. Following the completion of the transaction, the insider now owns 171,162 shares in the company, valued at approximately $4,801,094.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles J. Viater sold 2,777 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $27.80, for a total transaction of $77,200.60. Following the completion of the transaction, the insider now owns 174,162 shares of the company’s stock, valued at approximately $4,841,703.60. The disclosure for this sale can be found here. 22.70% of the stock is currently owned by insiders.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Friday, December 9th will be paid a $0.16 dividend. The ex-dividend date is Wednesday, December 7th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.20%. This is a boost from MutualFirst Financial’s previous quarterly dividend of $0.14. MutualFirst Financial’s payout ratio is 31.64%.

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.

5 Day Chart for NASDAQ:MFSF

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