MutualFirst Financial Inc. (NASDAQ:MFSF):
MutualFirst Announces Earnings for the Third Quarter of 2017.
The company is so far trading down by 1.12%% since yesterday’s close of 40.1.
The company declared a dividend for shareholders which was paid on Friday September 22nd, 2017. The dividend was $0.160 per share for the quarter which is $0.64 annualized. The dividend yield was $1.60. The ex-dividend date was Thursday the 7th of September 2017.
MutualFirst Financial, Inc. (MutualFirst), launched on October 15, 1999, 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. MutualBank also has trust offices in Carmel and Crawfordsville, Indiana and a loan origination office in New Buffalo, Michigan. The Bank has a subsidiary, Summit Mortgage, Inc., that operates a mortgage banking firm in Fort Wayne, Indiana. In addition, it originates residential mortgage and commercial loans. MutualWealth and MutualFinancial Advisors are the wealth management and brokerage divisions of the Bank that provide a range of fee-based financial services, including trust, investment, insurance, broker advisory, retirement plan and private banking services, in its market areas. Trust services are provided to both individual and corporate customers, including personal trust and agency accounts, employee benefit plans and corporate bond trustee accounts..
It is currently trading at $39.60 slightly over $38.03, the 50 day moving average and which is significantly higher than the 200 day moving average of $35.06. The 50 day moving average went up $1.57 or +4.14% and the 200 day average moved up $4.54.
MutualFirst Financial Inc.’s P/E ratio is 21.41 and market cap is 292.29M. In the last earnings report the EPS was $1.85 and is expected to be $1.93 for the current year with 7,381,000 shares now outstanding. Next quarter’s EPS is expected be $0.49 and the next full year EPS is projected to be $2.11.
Investors are more bullish on MutualFirst Financial Inc. of late if you look at the decrease in short interest. The company recorded a fall in short interest between September 15, 2017 and September 29, 2017 of -21.29%. Short interest decreased from 61,775 to 48,623 over that period. With short interest at 48,623 and short average daily volume at 10,839, the short-interest ratio is 4.0 and the percentage of shorted shares is 0.01% as of September 29.
A few Wall Street analysts have released opinions on the company. On July 26 the company was rated “Neutral” by DA Davidson which was a boost from the previous “Underperform” rating.