BidaskClub upgraded shares of MutualFirst Financial (NASDAQ:MFSF) from a hold rating to a buy rating in a research report released on Saturday, December 30th.
MFSF has been the subject of a number of other research reports. ValuEngine cut MutualFirst Financial from a buy rating to a hold rating in a research note on Friday, December 1st. Zacks Investment Research cut MutualFirst Financial from a strong-buy rating to a hold rating in a research note on Wednesday, September 27th. Finally, Keefe, Bruyette & Woods reiterated a hold rating and issued a $39.00 price objective on shares of MutualFirst Financial in a research note on Friday, December 22nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. MutualFirst Financial currently has a consensus rating of Hold and an average target price of $38.67.
Shares of MutualFirst Financial (NASDAQ:MFSF) opened at $38.40 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.44. MutualFirst Financial has a 52 week low of $29.20 and a 52 week high of $40.50. The firm has a market capitalization of $283.75, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 3.42 and a beta of 0.33.
MutualFirst Financial (NASDAQ:MFSF) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. MutualFirst Financial had a return on equity of 9.73% and a net margin of 18.68%. The company had revenue of $16.70 million during the quarter, compared to analysts’ expectations of $17.00 million. equities research analysts expect that MutualFirst Financial will post 1.94 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, December 7th. This is a boost from MutualFirst Financial’s previous quarterly dividend of $0.16. MutualFirst Financial’s dividend payout ratio is 38.30%.
In other news, Director Jerry Dean Mcvicker sold 3,599 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $40.03, for a total transaction of $144,067.97. Following the completion of the sale, the director now owns 36,550 shares in the company, valued at $1,463,096.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Charles J. Viater sold 710 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $39.95, for a total value of $28,364.50. Following the sale, the insider now owns 188,452 shares of the company’s stock, valued at approximately $7,528,657.40. The disclosure for this sale can be found here. Insiders have sold 15,315 shares of company stock valued at $603,775 in the last 90 days. Company insiders own 11.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in MFSF. Vanguard Group Inc. raised its position in MutualFirst Financial by 1.4% in the first quarter. Vanguard Group Inc. now owns 191,842 shares of the bank’s stock worth $6,053,000 after acquiring an additional 2,715 shares in the last quarter. Bank of America Corp DE raised its position in MutualFirst Financial by 424.4% in the first quarter. Bank of America Corp DE now owns 3,933 shares of the bank’s stock worth $124,000 after acquiring an additional 3,183 shares in the last quarter. Rhumbline Advisers purchased a new position in MutualFirst Financial in the second quarter worth $224,000. SG Americas Securities LLC raised its position in MutualFirst Financial by 10.7% in the second quarter. SG Americas Securities LLC now owns 5,992 shares of the bank’s stock worth $214,000 after acquiring an additional 578 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in MutualFirst Financial by 4.8% in the second quarter. Bank of New York Mellon Corp now owns 26,997 shares of the bank’s stock worth $964,000 after acquiring an additional 1,240 shares in the last quarter. Hedge funds and other institutional investors own 47.49% 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.
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