Equities analysts predict that MutualFirst Financial, Inc. (NASDAQ:MFSF) will post $0.66 earnings per share for the current quarter, Zacks reports. Two analysts have made estimates for MutualFirst Financial’s earnings. The highest EPS estimate is $0.68 and the lowest is $0.64. MutualFirst Financial posted earnings of $0.50 per share in the same quarter last year, which indicates a positive year over year growth rate of 32%. The business is scheduled to report its next quarterly earnings results on Tuesday, October 23rd.

According to Zacks, analysts expect that MutualFirst Financial will report full-year earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.28 to $2.55. For the next year, analysts forecast that the firm will report earnings of $2.74 per share, with EPS estimates ranging from $2.70 to $2.79. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow MutualFirst Financial.

MutualFirst Financial (NASDAQ:MFSF) last issued its quarterly earnings results on Wednesday, July 25th. The bank reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. MutualFirst Financial had a return on equity of 9.92% and a net margin of 15.56%. The business had revenue of $21.41 million for the quarter, compared to analyst estimates of $20.10 million.

A number of equities research analysts recently commented on the company. BidaskClub downgraded MutualFirst Financial from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. ValuEngine downgraded MutualFirst Financial from a “hold” rating to a “sell” rating in a report on Saturday, September 22nd. Zacks Investment Research raised MutualFirst Financial from a “strong sell” rating to a “hold” rating in a report on Tuesday. TheStreet downgraded MutualFirst Financial from a “b” rating to a “c+” rating in a report on Friday, July 27th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of MutualFirst Financial in a report on Monday, July 30th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.50.

MutualFirst Financial stock opened at $35.30 on Wednesday. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.98 and a quick ratio of 0.98. MutualFirst Financial has a 52 week low of $34.30 and a 52 week high of $40.50. The stock has a market cap of $316.45 million, a P/E ratio of 18.48, a PEG ratio of 3.04 and a beta of 0.13.

The business also recently declared a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Friday, September 7th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, September 6th. MutualFirst Financial’s payout ratio is presently 37.70%.

Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. acquired a new position in MutualFirst Financial in the second quarter valued at approximately $882,000. The Manufacturers Life Insurance Company raised its stake in shares of MutualFirst Financial by 19.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 223,186 shares of the bank’s stock worth $8,091,000 after buying an additional 36,298 shares during the period. Rhumbline Advisers acquired a new position in shares of MutualFirst Financial during the 2nd quarter worth approximately $209,000. Dimensional Fund Advisors LP raised its stake in shares of MutualFirst Financial by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 446,609 shares of the bank’s stock worth $16,190,000 after buying an additional 9,736 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of MutualFirst Financial by 8.9% during the 2nd quarter. Renaissance Technologies LLC now owns 232,347 shares of the bank’s stock worth $8,771,000 after buying an additional 18,947 shares during the period. 46.71% of the stock is owned by institutional investors.

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.

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

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