MutualFirst Financial Inc. (NASDAQ:MFSF) insider Charles J. Viater sold 1,039 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $38.57, for a total value of $40,074.23. Following the transaction, the insider now directly owns 186,438 shares in the company, valued at approximately $7,190,913.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of MutualFirst Financial Inc. (MFSF) opened at $38.80 on Tuesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market cap of $285.60, a PE ratio of 20.58, a P/E/G ratio of 3.98 and a beta of 0.36. MutualFirst Financial Inc. has a 12-month low of $28.50 and a 12-month high of $40.50.
MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The firm had revenue of $16.70 million during the quarter, compared to the consensus estimate of $17.00 million. MutualFirst Financial had a net margin of 18.68% and a return on equity of 9.73%. equities analysts forecast that MutualFirst Financial Inc. will post 1.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 8th will be given a $0.18 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.72 dividend on an annualized basis and a yield of 1.86%. This is an increase from MutualFirst Financial’s previous quarterly dividend of $0.16. MutualFirst Financial’s dividend payout ratio (DPR) is presently 34.04%.
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Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new stake in MutualFirst Financial in the third quarter valued at about $101,000. American International Group Inc. lifted its position in shares of MutualFirst Financial by 7.5% during the 1st quarter. American International Group Inc. now owns 3,363 shares of the bank’s stock valued at $106,000 after acquiring an additional 235 shares during the period. Wells Fargo & Company MN lifted its position in shares of MutualFirst Financial by 16.7% during the 1st quarter. Wells Fargo & Company MN now owns 3,490 shares of the bank’s stock valued at $110,000 after acquiring an additional 500 shares during the period. First Quadrant L P CA acquired a new stake in shares of MutualFirst Financial during the 3rd quarter valued at approximately $112,000. Finally, Nationwide Fund Advisors lifted its position in shares of MutualFirst Financial by 9.7% during the 2nd quarter. Nationwide Fund Advisors now owns 3,371 shares of the bank’s stock valued at $120,000 after acquiring an additional 298 shares during the period. Hedge funds and other institutional investors own 46.59% of the company’s stock.
A number of research firms recently issued reports on MFSF. Zacks Investment Research lowered MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, October 13th. ValuEngine downgraded shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $36.00 price objective on shares of MutualFirst Financial in a research report on Sunday, October 8th. TheStreet downgraded shares of MutualFirst Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, July 25th. Finally, DA Davidson upgraded shares of MutualFirst Financial from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $29.00 to $34.00 in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. MutualFirst Financial currently has a consensus rating of “Hold” and an average price target of $36.67.
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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