MutualFirst Financial, Inc. (NASDAQ:MFSF) Director Michael J. Marien sold 3,578 shares of the firm’s stock in a transaction dated Monday, March 19th. The shares were sold at an average price of $36.51, for a total value of $130,632.78. Following the transaction, the director now directly owns 51,928 shares of the company’s stock, valued at approximately $1,895,891.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
MutualFirst Financial, Inc. (NASDAQ:MFSF) opened at $37.30 on Tuesday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.00 and a quick ratio of 1.00. MutualFirst Financial, Inc. has a 1 year low of $30.75 and a 1 year high of $40.50. The firm has a market capitalization of $312.56, a price-to-earnings ratio of 19.08, a P/E/G ratio of 3.07 and a beta of 0.24.
MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings results on Friday, February 2nd. The bank reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). MutualFirst Financial had a net margin of 16.00% and a return on equity of 9.71%. The company had revenue of $17.04 million during the quarter, compared to analyst estimates of $17.20 million. research analysts expect that MutualFirst Financial, Inc. will post 2.38 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.93%. MutualFirst Financial’s dividend payout ratio (DPR) is 43.90%.
Several large investors have recently added to or reduced their stakes in MFSF. State Street Corp boosted its position in shares of MutualFirst Financial by 96.5% in the 2nd quarter. State Street Corp now owns 133,260 shares of the bank’s stock valued at $4,761,000 after purchasing an additional 65,441 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of MutualFirst Financial by 4.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 417,640 shares of the bank’s stock valued at $16,058,000 after purchasing an additional 18,993 shares during the period. Macquarie Group Ltd. acquired a new position in shares of MutualFirst Financial in the 3rd quarter valued at $423,000. Northern Trust Corp boosted its position in shares of MutualFirst Financial by 16.1% in the 2nd quarter. Northern Trust Corp now owns 71,373 shares of the bank’s stock valued at $2,549,000 after purchasing an additional 9,877 shares during the period. Finally, Renaissance Technologies LLC boosted its position 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 valued at $7,961,000 after purchasing an additional 7,404 shares during the period. Institutional investors and hedge funds own 49.53% of the company’s stock.
Several brokerages recently weighed in on MFSF. ValuEngine cut MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub raised MutualFirst Financial from a “hold” rating to a “buy” rating in a research note on Saturday, December 30th. 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, Zacks Investment Research raised 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. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $38.67.
MutualFirst Financial Company Profile
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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