MutualFirst Financial, Inc. (NASDAQ:MFSF) Director Michael J. Marien sold 2,200 shares of the stock in a transaction on Friday, March 16th. The shares were sold at an average price of $36.50, for a total value of $80,300.00. Following the transaction, the director now directly owns 51,928 shares in the company, valued at $1,895,372. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
MutualFirst Financial, Inc. (MFSF) opened at $37.30 on Tuesday. MutualFirst Financial, Inc. has a twelve month low of $30.75 and a twelve month high of $40.50. The company 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. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.47.
MutualFirst Financial (NASDAQ:MFSF) last announced its earnings results on Friday, February 2nd. The bank reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). MutualFirst Financial had a return on equity of 9.71% and a net margin of 16.00%. The company had revenue of $17.04 million during the quarter, compared to the consensus estimate of $17.20 million. analysts anticipate that MutualFirst Financial, Inc. will post 2.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 23rd. Investors of record on Friday, March 9th will be issued 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 yield of 1.93%. MutualFirst Financial’s dividend payout ratio is currently 43.90%.
Institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in MutualFirst Financial by 170.8% in the 3rd quarter. Wells Fargo & Company MN now owns 9,455 shares of the bank’s stock worth $363,000 after purchasing an additional 5,964 shares during the period. Macquarie Group Ltd. purchased a new stake in MutualFirst Financial in the 3rd quarter worth $423,000. New York State Common Retirement Fund increased its stake in MutualFirst Financial by 112.6% in the 2nd quarter. New York State Common Retirement Fund now owns 8,495 shares of the bank’s stock worth $303,000 after buying an additional 4,499 shares in the last quarter. Bessemer Group Inc. increased its stake in MutualFirst Financial by 34.9% in the 4th quarter. Bessemer Group Inc. now owns 8,500 shares of the bank’s stock worth $328,000 after buying an additional 2,200 shares in the last quarter. Finally, Martingale Asset Management L P increased its stake in 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 buying an additional 5,401 shares in the last quarter. 49.53% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on the company. BidaskClub cut MutualFirst Financial from a “hold” rating to a “sell” rating in a report on Saturday, March 10th. Zacks Investment Research cut MutualFirst Financial from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $39.00 price target on shares of MutualFirst Financial in a report on Friday, December 22nd. Finally, ValuEngine cut MutualFirst Financial from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $38.67.
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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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