MutualFirst Financial Inc. (NASDAQ:MFSF) – Investment analysts at FIG Partners lowered their Q1 2018 EPS estimates for shares of MutualFirst Financial in a research note issued on Monday. FIG Partners analyst B. Martin now expects that the bank will earn $0.41 per share for the quarter, down from their previous forecast of $0.43. FIG Partners also issued estimates for MutualFirst Financial’s Q3 2018 earnings at $0.54 EPS.
Several other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 13th. ValuEngine cut shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $36.00 price target on shares of MutualFirst Financial in a research note on Sunday, October 8th. TheStreet cut shares of MutualFirst Financial from a “b-” rating to a “c+” rating in a research note on Tuesday, July 25th. Finally, DA Davidson raised shares of MutualFirst Financial from an “underperform” rating to a “neutral” rating and increased their price target for the company from $29.00 to $34.00 in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $36.67.
WARNING: “Q1 2018 EPS Estimates for MutualFirst Financial Inc. (MFSF) Lowered by FIG Partners” was originally published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this article can be accessed at https://www.com-unik.info/2017/11/03/q1-2018-eps-estimates-for-mutualfirst-financial-inc-mfsf-lowered-by-fig-partners.html. MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The business had revenue of $16.70 million during the quarter, compared to the consensus estimate of $17.00 million. MutualFirst Financial had a net margin of 18.68% and a return on equity of 9.86%.
Hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in shares of MutualFirst Financial by 16.7% in the 1st quarter. Wells Fargo & Company MN now owns 3,490 shares of the bank’s stock worth $110,000 after acquiring an additional 500 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of MutualFirst Financial by 4.4% in the 1st quarter. Bank of New York Mellon Corp now owns 25,757 shares of the bank’s stock worth $813,000 after acquiring an additional 1,091 shares during the last quarter. American International Group Inc. lifted its holdings in shares of MutualFirst Financial by 7.5% in the 1st quarter. American International Group Inc. now owns 3,363 shares of the bank’s stock worth $106,000 after acquiring an additional 235 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of MutualFirst Financial by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 191,842 shares of the bank’s stock worth $6,053,000 after acquiring an additional 2,715 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of MutualFirst Financial by 6.6% in the 1st quarter. Renaissance Technologies LLC now owns 166,481 shares of the bank’s stock worth $5,252,000 after acquiring an additional 10,301 shares during the last quarter. Hedge funds and other institutional investors own 45.72% of the company’s stock.
In other news, insider Charles J. Viater sold 710 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $39.95, for a total value of $28,364.50. Following the transaction, the insider now directly owns 188,452 shares in the company, valued at approximately $7,528,657.40. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jerry Dean Mcvicker sold 3,599 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $40.03, for a total transaction of $144,067.97. Following the completion of the transaction, the director now owns 36,550 shares in the company, valued at $1,463,096.50. The disclosure for this sale can be found here. In the last three months, insiders sold 4,439 shares of company stock valued at $177,554. Corporate insiders own 11.30% 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.
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