Equities analysts expect that MutualFirst Financial, Inc. (NASDAQ:MFSF) will report earnings per share of $0.66 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for MutualFirst Financial’s earnings, with the lowest EPS estimate coming in at $0.64 and the highest estimate coming in at $0.68. MutualFirst Financial posted earnings of $0.50 per share during the same quarter last year, which would indicate a positive year over year growth rate of 32%. The business is expected to announce 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 $2.29 to $2.55. For the next year, analysts forecast that the business will post earnings of $2.74 per share, with EPS estimates ranging from $2.70 to $2.79. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow MutualFirst Financial.
MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings results on Wednesday, July 25th. The bank reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $21.41 million during the quarter, compared to analyst estimates of $20.10 million. MutualFirst Financial had a return on equity of 9.92% and a net margin of 15.56%.
A number of analysts recently issued reports on MFSF shares. Zacks Investment Research upgraded MutualFirst Financial from a “sell” rating to a “hold” rating in a report on Friday, May 18th. TheStreet upgraded MutualFirst Financial from a “c+” rating to a “b-” rating in a report on Friday, May 18th. Finally, DA Davidson reiterated a “neutral” rating on shares of MutualFirst Financial in a report on Monday, July 30th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.50.
Shares of NASDAQ MFSF opened at $37.50 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $326.32 million, a P/E ratio of 19.63, a PEG ratio of 3.13 and a beta of 0.13. MutualFirst Financial has a 52-week low of $34.30 and a 52-week high of $40.50.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Friday, September 7th will be issued a $0.18 dividend. The ex-dividend date is Thursday, September 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.92%. MutualFirst Financial’s payout ratio is 37.70%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC purchased a new stake in shares of MutualFirst Financial in the fourth quarter valued at approximately $125,000. Rhumbline Advisers purchased a new stake in MutualFirst Financial during the second quarter worth $209,000. PNC Financial Services Group Inc. purchased a new stake in MutualFirst Financial during the second quarter worth $882,000. California Public Employees Retirement System lifted its holdings in MutualFirst Financial by 5.8% during the second quarter. California Public Employees Retirement System now owns 29,171 shares of the bank’s stock worth $1,101,000 after buying an additional 1,597 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in MutualFirst Financial by 19.4% during the first 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. Hedge funds and other institutional investors own 46.71% of the company’s stock.
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.
Recommended Story: Return on Investment (ROI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for MutualFirst Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MutualFirst Financial and related companies with MarketBeat.com's FREE daily email newsletter.