Q1 2018 Earnings Forecast for MutualFirst Financial, Inc. (MFSF) Issued By DA Davidson
MutualFirst Financial, Inc. (NASDAQ:MFSF) – DA Davidson lifted their Q1 2018 earnings per share (EPS) estimates for MutualFirst Financial in a research report issued on Tuesday. DA Davidson analyst K. Reevey now expects that the bank will post earnings per share of $0.58 for the quarter, up from their prior forecast of $0.49. DA Davidson also issued estimates for MutualFirst Financial’s Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.65 EPS and FY2019 earnings at $2.77 EPS.
Other equities analysts also recently issued research reports about the company. BidaskClub upgraded MutualFirst Financial from a “hold” rating to a “buy” rating in a research note on Saturday, December 30th. Zacks Investment Research upgraded MutualFirst Financial from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, December 27th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $39.00 target price on shares of MutualFirst Financial in a research note on Friday, December 22nd. Finally, ValuEngine downgraded MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $38.67.
MutualFirst Financial (NASDAQ:MFSF) last announced its earnings results on Friday, February 2nd. The bank reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). MutualFirst Financial had a return on equity of 9.78% and a net margin of 16.00%. The business had revenue of $17.04 million during the quarter, compared to analysts’ expectations of $17.20 million.
Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new position in MutualFirst Financial in the third quarter valued at approximately $101,000. First Quadrant L P CA purchased a new position in MutualFirst Financial in the third quarter valued at approximately $112,000. Nationwide Fund Advisors lifted its stake in MutualFirst Financial by 9.7% in the second quarter. Nationwide Fund Advisors now owns 3,371 shares of the bank’s stock valued at $120,000 after purchasing an additional 298 shares during the last quarter. Advisor Group Inc. purchased a new position in MutualFirst Financial in the second quarter valued at approximately $141,000. Finally, Rhumbline Advisers purchased a new position in MutualFirst Financial in the second quarter valued at approximately $224,000. Institutional investors and hedge funds own 47.54% of the company’s stock.
In related news, Director Jerry Dean Mcvicker sold 3,870 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $39.25, for a total value of $151,897.50. Following the transaction, the director now owns 36,550 shares in the company, valued at $1,434,587.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Charles J. Viater sold 1,039 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $38.57, for a total value of $40,074.23. Following the completion of the transaction, the insider now owns 186,438 shares in the company, valued at approximately $7,190,913.66. The disclosure for this sale can be found here. Insiders sold a total of 9,030 shares of company stock worth $353,211 in the last 90 days. Company insiders own 11.30% of the company’s stock.
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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.
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