MutualFirst Financial, Inc. (MFSF) Expected to Post Quarterly Sales of $21.45 Million

Equities analysts expect MutualFirst Financial, Inc. (NASDAQ:MFSF) to announce sales of $21.45 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for MutualFirst Financial’s earnings, with estimates ranging from $21.30 million to $21.60 million. MutualFirst Financial posted sales of $17.04 million in the same quarter last year, which would indicate a positive year over year growth rate of 25.9%. The business is expected to announce its next earnings results on Friday, February 1st.

According to Zacks, analysts expect that MutualFirst Financial will report full year sales of $82.00 million for the current fiscal year, with estimates ranging from $81.50 million to $82.50 million. For the next fiscal year, analysts forecast that the firm will post sales of $87.50 million, with estimates ranging from $87.10 million to $87.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for MutualFirst Financial.

MutualFirst Financial (NASDAQ:MFSF) last issued its quarterly earnings data on Thursday, October 25th. The bank reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.02). The company had revenue of $21.46 million for the quarter, compared to analysts’ expectations of $21.65 million. MutualFirst Financial had a net margin of 16.27% and a return on equity of 10.34%.

MFSF has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. ValuEngine downgraded shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. Finally, BidaskClub raised shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a research report on Friday, October 5th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. MutualFirst Financial currently has a consensus rating of “Hold” and a consensus target price of $39.50.

MutualFirst Financial stock traded up $0.51 during mid-day trading on Wednesday, reaching $35.90. 15,023 shares of the company traded hands, compared to its average volume of 5,716. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.44. The company has a market cap of $303.91 million, a P/E ratio of 18.80, a PEG ratio of 2.87 and a beta of 0.14. MutualFirst Financial has a 52-week low of $33.66 and a 52-week high of $40.00.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a $0.20 dividend. The ex-dividend date is Thursday, December 13th. This is an increase from MutualFirst Financial’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.23%. MutualFirst Financial’s dividend payout ratio is currently 37.70%.

In other news, insider Charles J. Viater sold 2,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $35.83, for a total value of $71,660.00. Following the sale, the insider now directly owns 170,245 shares of the company’s stock, valued at approximately $6,099,878.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark L. Barkley sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $35.49, for a total transaction of $177,450.00. The disclosure for this sale can be found here. 28.00% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in MFSF. Rhumbline Advisers bought a new stake in MutualFirst Financial during the 2nd quarter worth about $209,000. Dimensional Fund Advisors LP increased its stake in shares of MutualFirst Financial by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 449,164 shares of the bank’s stock worth $16,956,000 after purchasing an additional 2,555 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of MutualFirst Financial during the 2nd quarter worth about $882,000. Renaissance Technologies LLC increased 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 purchasing an additional 18,947 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of MutualFirst Financial by 5.8% during the 2nd quarter. California Public Employees Retirement System now owns 29,171 shares of the bank’s stock worth $1,101,000 after purchasing an additional 1,597 shares during the last quarter. 47.21% of the stock is currently owned by hedge funds and other institutional investors.

MutualFirst Financial Company Profile

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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