MutualFirst Financial, Inc. operates as the bank holding company for MutualBank that provides various financial services in the United States.
Flawless balance sheet with solid track record and pays a dividend.
Share Price & News
How has MutualFirst Financial's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MFSF has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MFSF exceeded the US Banks industry which returned 1.2% over the past year.
Return vs Market: MFSF exceeded the US Market which returned 10.2% over the past year.
Price Volatility Vs. Market
How volatile is MutualFirst Financial's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 months ago | Simply Wall StMutualFirst Financial, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
4 months ago | Simply Wall StWhat Kind Of Shareholders Own MutualFirst Financial, Inc. (NASDAQ:MFSF)?
5 months ago | Simply Wall StWhy MutualFirst Financial, Inc. (NASDAQ:MFSF) Is A Dividend Rockstar
Is MutualFirst Financial undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MFSF ($35.75) is trading above our estimate of fair value ($22.63)
Significantly Below Fair Value: MFSF is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MFSF is poor value based on its PE Ratio (12.9x) compared to the Banks industry average (12.1x).
PE vs Market: MFSF is good value based on its PE Ratio (12.9x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: MFSF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MFSF is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.1x).
How is MutualFirst Financial forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MFSF's earnings are forecast to decline over the next 3 years (-2.2% per year).
Earnings vs Market: MFSF's earnings are forecast to decline over the next 3 years (-2.2% per year).
High Growth Earnings: MFSF's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MFSF's revenue (3.3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: MFSF's revenue (3.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MFSF's Return on Equity is forecast to be low in 3 years time (9.2%).
How has MutualFirst Financial performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MFSF has high quality earnings.
Growing Profit Margin: MFSF's current net profit margins (27.2%) are higher than last year (23.4%).
Past Earnings Growth Analysis
Earnings Trend: MFSF's earnings have grown by 14.1% per year over the past 5 years.
Accelerating Growth: MFSF's earnings growth over the past year (25.9%) exceeds its 5-year average (14.1% per year).
Earnings vs Industry: MFSF earnings growth over the past year (25.9%) exceeded the Banks industry 11.9%.
Return on Equity
High ROE: MFSF's Return on Equity (10.5%) is considered low.
Return on Assets
Return on Capital Employed
How is MutualFirst Financial's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: MFSF has a low level of unsold assets or inventory.
Debt Coverage by Assets: MFSF's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: MFSF's level of assets compared to its equity is low.
Allowance for Bad Loans: MFSF has a sufficient allowance for bad loans.
Low Risk Liabilities: MFSF's liabilities are made up of primarily low risk sources of funding.
Loan Level: MFSF has an acceptable proportion of non-loan assets held.
Low Risk Deposits: MFSF's loans are broadly funded by customer deposits.
Level of Bad Loans: MFSF has an appropriate level of bad loans (0.48%)
What is MutualFirst Financial's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase MutualFirst Financial before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: MFSF's dividend (2.24%) is higher than the bottom 25% of dividend payers in the US market (1.53%).
High Dividend: MFSF's dividend (2.24%) is low compared to the top 25% of dividend payers in the US market (3.96%).
Stability and Growth of Payments
Stable Dividend: MFSF's dividend payments have been volatile in the past 10 years.
Growing Dividend: MFSF's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (28.9%), MFSF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MFSF's dividends in 3 years are forecast to be well covered by earnings (37% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dave Heeter (57yo)
Mr. David W. Heeter, also known as Dave, serves as Chief Executive Officer and Director of Mutual Bank and has been its President since October 18, 2019. He has been the President and Chief Executive Offic ...
CEO Compensation Analysis
Compensation vs Market: Dave's total compensation ($USD673.89K) is below average for companies of similar size in the US market ($USD1.75M).
Compensation vs Earnings: Dave's compensation has been consistent with company performance over the past year.
|Senior VP||9.8yrs||US$352.49k||0.50% $1.5m|
|Senior VP & Director||11.6yrs||US$447.32k||2.83% $8.7m|
|Vice President of Human Resources||0yrs||no data||no data|
|Vice President and Audit Manager||10.1yrs||no data||no data|
Experienced Management: MFSF's management team is seasoned and experienced (10.8 years average tenure).
|Senior VP & Director||11.6yrs||US$447.32k||2.83% $8.7m|
|Chairman of the Board||21.1yrs||US$102.17k||0.54% $1.7m|
|Independent Director||2.8yrs||US$38.00k||0.023% $71.5k|
|Independent Director||11.6yrs||US$35.60k||0.57% $1.7m|
|Independent Director||21.1yrs||US$76.18k||0.68% $2.1m|
|Independent Director||11.6yrs||US$36.40k||0.37% $1.1m|
|Independent Director||2yrs||US$28.73k||0.018% $55.8k|
Experienced Board: MFSF's board of directors are seasoned and experienced ( 11.6 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MFSF insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.2%.
MutualFirst Financial, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: MutualFirst Financial, Inc.
- Ticker: MFSF
- Exchange: NasdaqGM
- Founded: 1889
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$307.734m
- Shares outstanding: 8.61m
- Website: https://www.bankwithmutual.com
Number of Employees
- MutualFirst Financial, Inc.
- 110 East Charles Street
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MFSF||NasdaqGM (Nasdaq Global Market)||Yes||Common Stock||US||USD||Dec 1999|
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. In addition, it operates as an insurance agent; and sells life and other insurance products. Further, the company provides trust, investment, broker advisory, retirement plan, and private banking products and services. It has 39 full service retail financial centers in Allen, Delaware, Elkhart, Grant, Greene, Hamilton, Jackson, Johnson, Knox, Kosciusko, Lawrence, Monroe, Randolph, St. Joseph, and Wabash counties in Indiana; wealth management offices in Fishers and Crawfordsville, Indiana; and 1 loan origination office in New Buffalo, Michigan. MutualFirst Financial, Inc. was founded in 1889 and is headquartered in Muncie, Indiana.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/27 01:02|
|End of Day Share Price||2020/02/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.