BidaskClub upgraded shares of MutualFirst Financial (NASDAQ:MFSF) from a sell rating to a hold rating in a research note released on Friday.
MFSF has been the topic of a number of other research reports. Zacks Investment Research raised shares of MutualFirst Financial from a sell rating to a hold rating in a report on Tuesday, July 31st. TheStreet cut shares of MutualFirst Financial from a b rating to a c+ rating in a report on Friday, July 27th. ValuEngine cut shares of MutualFirst Financial from a hold rating to a sell rating in a report on Saturday, September 22nd. Finally, DA Davidson reissued a neutral rating on shares of MutualFirst Financial in a report on Monday, July 30th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $40.50.
Shares of MutualFirst Financial stock opened at $36.86 on Friday. MutualFirst Financial has a 52-week low of $34.30 and a 52-week high of $40.50. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $316.45 million, a P/E ratio of 19.30, a PEG ratio of 3.04 and a beta of 0.13.
MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings data on Wednesday, July 25th. The bank reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. MutualFirst Financial had a net margin of 15.56% and a return on equity of 9.92%. The company had revenue of $21.41 million for the quarter, compared to analysts’ expectations of $20.10 million. On average, equities research analysts anticipate that MutualFirst Financial will post 2.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Friday, September 7th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, September 6th. This represents a $0.72 dividend on an annualized basis and a yield of 1.95%. MutualFirst Financial’s payout ratio is currently 37.70%.
A number of hedge funds have recently added to or reduced their stakes in MFSF. Ancora Advisors LLC raised its holdings in MutualFirst Financial by 10.7% during the first quarter. Ancora Advisors LLC now owns 535,056 shares of the bank’s stock worth $19,395,000 after purchasing an additional 51,809 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of MutualFirst Financial by 19.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 223,186 shares of the bank’s stock valued at $8,091,000 after acquiring an additional 36,298 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of MutualFirst Financial in the 2nd quarter valued at $882,000. Renaissance Technologies LLC increased its holdings in shares of MutualFirst Financial by 8.9% in the 2nd quarter. Renaissance Technologies LLC now owns 232,347 shares of the bank’s stock valued at $8,771,000 after acquiring an additional 18,947 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of MutualFirst Financial by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 446,609 shares of the bank’s stock valued at $16,190,000 after acquiring an additional 9,736 shares during the period. 46.71% of the stock is currently owned by institutional investors.
MutualFirst Financial Company Profile
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.
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