MutualFirst Financial Inc. (NASDAQ:MFSF) – Equities researchers at DA Davidson cut their Q4 2016 earnings estimates for shares of MutualFirst Financial in a research note issued to investors on Wednesday. DA Davidson analyst K. Reevey now anticipates that the firm will post earnings of $0.34 per share for the quarter, down from their previous estimate of $0.40. DA Davidson currently has a “Sell” rating and a $24.00 price objective on the stock. DA Davidson also issued estimates for MutualFirst Financial’s Q1 2017 earnings at $0.36 EPS, Q2 2017 earnings at $0.39 EPS, Q3 2017 earnings at $0.41 EPS, Q4 2017 earnings at $0.44 EPS and FY2017 earnings at $1.60 EPS.

MutualFirst Financial (NASDAQ:MFSF) last issued its earnings results on Tuesday, October 25th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ 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%. COPYRIGHT VIOLATION WARNING: “Q4 2016 EPS Estimates for MutualFirst Financial Inc. (MFSF) Decreased by Analyst” was originally posted by Daily Political and is the propert of of Daily Political. If you are viewing this article on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this article can be read at http://www.dailypolitical.com/2016/11/29/q4-2016-eps-estimates-for-mutualfirst-financial-inc-mfsf-decreased-by-analyst.html.

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

Separately, 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 report on Saturday, October 29th.

Shares of MutualFirst Financial (NASDAQ:MFSF) opened at 29.10 on Monday. MutualFirst Financial has a 52 week low of $21.20 and a 52 week high of $30.00. The firm has a market capitalization of $213.13 million, a P/E ratio of 16.53 and a beta of 0.47. The stock has a 50 day moving average price of $27.88 and a 200 day moving average price of $27.49.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 9th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.20%. This is a positive change from MutualFirst Financial’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, December 7th. MutualFirst Financial’s dividend payout ratio is presently 31.64%.

In other MutualFirst Financial news, insider Charles J. Viater sold 2,777 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $27.80, for a total transaction of $77,200.60. Following the completion of the sale, the insider now directly owns 174,162 shares in the company, valued at $4,841,703.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Charles J. Viater sold 1,000 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $27.80, for a total transaction of $27,800.00. Following the sale, the insider now owns 176,662 shares of the company’s stock, valued at $4,911,203.60. The disclosure for this sale can be found here. Company insiders own 22.70% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Q4 2016 EPS Estimates for MutualFirst Financial Inc. (MFSF) Decreased by Analyst” was originally posted by Daily Political and is the propert of of Daily Political. If you are viewing this article on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this article can be read at http://www.dailypolitical.com/2016/11/29/q4-2016-eps-estimates-for-mutualfirst-financial-inc-mfsf-decreased-by-analyst.html.

Hedge funds have recently bought and sold shares of the stock. Maltese Capital Management LLC increased its position in shares of 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 increased its position in shares of 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. increased its position in shares of 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 increased its position in shares of 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 purchased a new position in shares of MutualFirst Financial during the third quarter valued at approximately $2,947,000. Institutional investors and hedge funds own 45.78% of the company’s stock.

MutualFirst Financial Company Profile

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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