Brokerages Anticipate MutualFirst Financial, Inc. (MFSF) Will Announce Quarterly Sales of $20.90 Million

Wall Street analysts predict that MutualFirst Financial, Inc. (NASDAQ:MFSF) will report sales of $20.90 million for the current quarter, according to Zacks. Two analysts have made estimates for MutualFirst Financial’s earnings. MutualFirst Financial reported sales of $18.02 million during the same quarter last year, which indicates a positive year-over-year growth rate of 16%. The firm is expected to report its next quarterly earnings results on Friday, April 26th.

According to Zacks, analysts expect that MutualFirst Financial will report full-year sales of $87.25 million for the current fiscal year, with estimates ranging from $87.10 million to $87.40 million. For the next year, analysts forecast that the firm will post sales of $91.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow MutualFirst Financial.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a research report on Friday, January 11th. ValuEngine downgraded shares of MutualFirst Financial from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 15th. Finally, BidaskClub downgraded shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research report on Thursday, December 13th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $40.00.

Shares of MutualFirst Financial stock traded up $0.47 during trading hours on Wednesday, reaching $29.50. The company’s stock had a trading volume of 10,900 shares, compared to its average volume of 8,011. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.98 and a current ratio of 0.98. MutualFirst Financial has a one year low of $24.28 and a one year high of $40.00. The company has a market cap of $249.29 million, a P/E ratio of 11.97, a PEG ratio of 2.22 and a beta of 0.67.

In related news, insider Charles J. Viater sold 2,636 shares of MutualFirst Financial stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $35.93, for a total value of $94,711.48. Following the sale, the insider now directly owns 166,790 shares in the company, valued at approximately $5,992,764.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Charles J. Viater sold 2,000 shares of MutualFirst Financial stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $35.83, for a total transaction of $71,660.00. Following the completion of the sale, the insider now owns 170,245 shares in the company, valued at $6,099,878.35. The disclosure for this sale can be found here. Company insiders own 28.00% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. California Public Employees Retirement System lifted its position in MutualFirst Financial by 5.8% in the 2nd quarter. California Public Employees Retirement System now owns 29,171 shares of the bank’s stock valued at $1,101,000 after purchasing an additional 1,597 shares during the last quarter. Ancora Advisors LLC lifted its position in MutualFirst Financial by 0.3% in the 3rd quarter. Ancora Advisors LLC now owns 539,549 shares of the bank’s stock valued at $19,882,000 after purchasing an additional 1,650 shares during the last quarter. Capital Investment Advisory Services LLC bought a new stake in MutualFirst Financial in the 4th quarter valued at about $47,000. Wells Fargo & Company MN lifted its position in MutualFirst Financial by 13.4% in the 3rd quarter. Wells Fargo & Company MN now owns 17,838 shares of the bank’s stock valued at $658,000 after purchasing an additional 2,110 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in MutualFirst Financial by 44.5% in the 4th quarter. Rhumbline Advisers now owns 7,998 shares of the bank’s stock valued at $213,000 after purchasing an additional 2,463 shares during the last quarter. Hedge funds and other institutional investors own 47.04% of the company’s stock.

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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