FY2018 Earnings Estimate for MutualFirst Financial, Inc. (MFSF) Issued By FIG Partners

MutualFirst Financial, Inc. (NASDAQ:MFSF) – Research analysts at FIG Partners dropped their FY2018 earnings estimates for shares of MutualFirst Financial in a report issued on Friday, October 26th. FIG Partners analyst B. Martin now anticipates that the bank will post earnings per share of $2.40 for the year, down from their prior forecast of $2.45.

MFSF has been the topic of a number of other reports. Zacks Investment Research upgraded shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. TheStreet downgraded shares of MutualFirst Financial from a “b” rating to a “c+” rating in a research note on Friday, July 27th. BidaskClub downgraded shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. ValuEngine downgraded shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research note on Saturday, September 22nd. Finally, DA Davidson reiterated a “neutral” rating on shares of MutualFirst Financial in a research note on Monday, July 30th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $40.50.



NASDAQ MFSF opened at $35.94 on Monday. MutualFirst Financial has a 12 month low of $33.66 and a 12 month high of $40.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $301.42 million, a price-to-earnings ratio of 18.82, a P/E/G ratio of 2.91 and a beta of 0.13.

MutualFirst Financial (NASDAQ:MFSF) last posted its quarterly earnings data on Thursday, October 25th. The bank reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.02). MutualFirst Financial had a net margin of 16.27% and a return on equity of 10.57%. The company had revenue of $21.46 million for the quarter, compared to the consensus estimate of $21.65 million.

Several institutional investors have recently bought and sold shares of MFSF. Rhumbline Advisers bought a new position in shares of MutualFirst Financial in the 2nd quarter worth about $209,000. PNC Financial Services Group Inc. bought a new position in shares of MutualFirst Financial in the 2nd quarter worth about $882,000. California Public Employees Retirement System lifted its position in shares of MutualFirst Financial by 5.8% in the 2nd 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 last quarter. The Manufacturers Life Insurance Company lifted its position in shares of MutualFirst Financial by 19.4% in 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 last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of MutualFirst Financial by 8.9% in 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 last quarter. Institutional investors own 46.71% 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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Earnings History and Estimates for MutualFirst Financial (NASDAQ:MFSF)

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