MutualFirst Financial, Inc. (NASDAQ:MFSF) has been given a consensus rating of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $38.67.
Several equities analysts recently weighed in on MFSF shares. BidaskClub raised shares of MutualFirst Financial from a “hold” rating to a “buy” rating in a research note on Saturday, December 30th. Zacks Investment Research raised shares of MutualFirst Financial from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, December 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $39.00 target price on shares of MutualFirst Financial in a research note on Friday, December 22nd. Finally, ValuEngine cut shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
In other MutualFirst Financial news, Director Jerry Dean Mcvicker sold 3,870 shares of MutualFirst Financial stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $39.25, for a total value of $151,897.50. Following the completion of the transaction, the director now directly owns 36,550 shares of the company’s stock, valued at approximately $1,434,587.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Charles J. Viater sold 1,000 shares of MutualFirst Financial stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.05, for a total transaction of $39,050.00. Following the completion of the transaction, the insider now directly owns 182,937 shares of the company’s stock, valued at $7,143,689.85. The disclosure for this sale can be found here. Insiders sold a total of 7,991 shares of company stock valued at $313,137 over the last three months. Corporate insiders own 11.30% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new stake in shares of MutualFirst Financial in the 4th quarter worth about $125,000. Deutsche Bank AG lifted its holdings in shares of MutualFirst Financial by 17.0% in the 4th quarter. Deutsche Bank AG now owns 36,365 shares of the bank’s stock worth $1,399,000 after acquiring an additional 5,292 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of MutualFirst Financial by 3.7% in the 4th quarter. Renaissance Technologies LLC now owns 206,500 shares of the bank’s stock worth $7,961,000 after acquiring an additional 7,404 shares during the last quarter. Martingale Asset Management L P lifted its holdings in shares of MutualFirst Financial by 38.4% in the 4th quarter. Martingale Asset Management L P now owns 19,454 shares of the bank’s stock worth $750,000 after acquiring an additional 5,401 shares during the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of MutualFirst Financial by 1.1% in the 4th quarter. BlackRock Inc. now owns 318,583 shares of the bank’s stock worth $12,283,000 after acquiring an additional 3,509 shares during the last quarter. Hedge funds and other institutional investors own 47.58% of the company’s stock.
MutualFirst Financial (NASDAQ:MFSF) traded down $0.25 on Friday, reaching $35.45. 4,962 shares of the company traded hands, compared to its average volume of 6,606. The stock has a market capitalization of $261.95, a PE ratio of 21.62, a price-to-earnings-growth ratio of 2.99 and a beta of 0.18. MutualFirst Financial has a 52 week low of $29.50 and a 52 week high of $40.50. 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 (NASDAQ:MFSF) last posted its earnings results on Friday, February 2nd. The bank reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). The company had revenue of $17.04 million for the quarter, compared to analysts’ expectations of $17.20 million. MutualFirst Financial had a net margin of 16.00% and a return on equity of 9.78%. analysts anticipate that MutualFirst Financial will post 2.37 earnings per share for the current year.
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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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