MutualFirst Financial Inc. (NASDAQ:MFSF) – Equities researchers at FIG Partners increased their Q1 2017 earnings estimates for shares of MutualFirst Financial in a report issued on Monday. FIG Partners analyst B. Martin now anticipates that the brokerage will post earnings of $0.36 per share for the quarter, up from their previous forecast of $0.34. FIG Partners also issued estimates for MutualFirst Financial’s Q2 2017 earnings at $0.44 EPS, Q3 2017 earnings at $0.46 EPS and FY2017 earnings at $1.70 EPS.

MutualFirst Financial (NASDAQ:MFSF) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.06. MutualFirst Financial had a return on equity of 9.49% and a net margin of 18.41%. TRADEMARK VIOLATION WARNING: “Analysts Issue Forecasts for MutualFirst Financial Inc.’s Q1 2017 Earnings (MFSF)” was published by Financial Market News and is the propert of of Financial Market News. If you are accessing this piece on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this piece can be viewed at http://www.financial-market-news.com/analysts-issue-forecasts-for-mutualfirst-financial-inc-s-q1-2017-earnings-mfsf/1210003/.

Earnings History and Estimates for MutualFirst Financial (NASDAQ:MFSF)

MFSF has been the topic of a number of other research reports. DA Davidson restated a “sell” rating and set a $24.00 price objective on shares of MutualFirst Financial in a research note on Friday, November 25th. Zacks Investment Research upgraded MutualFirst Financial from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Saturday, October 29th.

MutualFirst Financial (NASDAQ:MFSF) opened at 29.70 on Tuesday. The stock has a market cap of $217.52 million, a PE ratio of 16.88 and a beta of 0.47. MutualFirst Financial has a 52 week low of $21.20 and a 52 week high of $30.00. The company has a 50-day moving average price of $27.88 and a 200-day moving average price of $27.49.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Friday, December 9th will be paid a $0.16 dividend. This is a positive change from MutualFirst Financial’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, December 7th. This represents a $0.64 annualized dividend and a dividend yield of 2.15%. MutualFirst Financial’s dividend payout ratio (DPR) is presently 31.64%.

In other news, insider Charles J. Viater sold 2,000 shares of MutualFirst Financial stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $28.05, for a total value of $56,100.00. Following the transaction, the insider now owns 171,162 shares in the company, valued at approximately $4,801,094.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Charles J. Viater sold 1,000 shares of MutualFirst Financial stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $27.80, for a total value of $27,800.00. Following the completion of the transaction, the insider now owns 176,662 shares in the company, valued at approximately $4,911,203.60. The disclosure for this sale can be found here. 22.70% of the stock is owned by insiders.

TRADEMARK VIOLATION WARNING: “Analysts Issue Forecasts for MutualFirst Financial Inc.’s Q1 2017 Earnings (MFSF)” was published by Financial Market News and is the propert of of Financial Market News. If you are accessing this piece on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this piece can be viewed at http://www.financial-market-news.com/analysts-issue-forecasts-for-mutualfirst-financial-inc-s-q1-2017-earnings-mfsf/1210003/.

Several institutional investors have recently modified their holdings of MFSF. BlackRock Advisors LLC raised its position in shares of MutualFirst Financial by 18.0% in the third quarter. BlackRock Advisors LLC now owns 3,699 shares of the company’s stock valued at $103,000 after buying an additional 563 shares during the last quarter. Beese Fulmer Investment Management Inc. purchased a new stake in shares of MutualFirst Financial during the second quarter worth $229,000. Teachers Advisors Inc. purchased a new stake in shares of MutualFirst Financial during the second quarter worth $234,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of MutualFirst Financial during the second quarter worth $277,000. Finally, TFS Capital LLC purchased a new stake in shares of MutualFirst Financial during the second quarter worth $289,000. Institutional investors own 45.78% of the company’s stock.

About MutualFirst Financial

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.

5 Day Chart for NASDAQ:MFSF

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