MutualFirst Financial, Inc. (NASDAQ:MFSF) insider Charles J. Viater sold 292 shares of the business’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $37.01, for a total value of $10,806.92. Following the transaction, the insider now directly owns 180,472 shares in the company, valued at approximately $6,679,268.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
MutualFirst Financial, Inc. (NASDAQ MFSF) traded down $0.15 during midday trading on Friday, reaching $36.25. The company’s stock had a trading volume of 8,320 shares, compared to its average volume of 6,368. The firm has a market capitalization of $316.42, a price-to-earnings ratio of 22.35, a P/E/G ratio of 3.11 and a beta of 0.24. 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 one year low of $30.75 and a one year high of $40.50.
MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings results on Friday, February 2nd. The bank reported $0.46 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $17.04 million during the quarter, compared to analyst estimates of $17.20 million. equities research analysts predict that MutualFirst Financial, Inc. will post 2.38 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, March 8th. MutualFirst Financial’s dividend payout ratio (DPR) is presently 43.90%.
Institutional investors have recently made changes to their positions in the company. Martingale Asset Management L P lifted its stake in MutualFirst Financial by 38.4% during 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 in the last quarter. Wells Fargo & Company MN lifted its stake in MutualFirst Financial by 170.8% during the 3rd quarter. Wells Fargo & Company MN now owns 9,455 shares of the bank’s stock worth $363,000 after acquiring an additional 5,964 shares in the last quarter. Macquarie Group Ltd. acquired a new position in MutualFirst Financial during the 3rd quarter worth about $423,000. Bessemer Group Inc. lifted its stake in MutualFirst Financial by 34.9% during the 4th quarter. Bessemer Group Inc. now owns 8,500 shares of the bank’s stock worth $328,000 after acquiring an additional 2,200 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in MutualFirst Financial by 1.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 186,888 shares of the bank’s stock worth $7,205,000 after acquiring an additional 2,395 shares in the last quarter. 49.53% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on the company. BidaskClub lowered MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $39.00 price objective on shares of MutualFirst Financial in a research note on Friday, December 22nd. Zacks Investment Research lowered MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Finally, ValuEngine lowered MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Five research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of $38.67.
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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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