Renaissance Technologies LLC grew its holdings in MutualFirst Financial, Inc. (NASDAQ:MFSF) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 206,500 shares of the bank’s stock after acquiring an additional 7,404 shares during the quarter. Renaissance Technologies LLC owned 2.79% of MutualFirst Financial worth $7,961,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of MFSF. Martingale Asset Management L P raised its stake in shares of MutualFirst Financial by 38.4% in the fourth quarter. Martingale Asset Management L P now owns 19,454 shares of the bank’s stock worth $750,000 after purchasing an additional 5,401 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of MutualFirst Financial by 1.3% in the fourth quarter. The Manufacturers Life Insurance Company now owns 186,888 shares of the bank’s stock worth $7,205,000 after purchasing an additional 2,395 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of MutualFirst Financial by 170.8% in the third 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 last quarter. Macquarie Group Ltd. purchased a new position in shares of MutualFirst Financial in the third quarter worth about $423,000. Finally, Bessemer Group Inc. raised its stake in shares of MutualFirst Financial by 34.9% in the fourth quarter. Bessemer Group Inc. now owns 8,500 shares of the bank’s stock worth $328,000 after purchasing an additional 2,200 shares during the last quarter. 42.65% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:MFSF opened at $36.55 on Tuesday. MutualFirst Financial, Inc. has a 52-week low of $31.05 and a 52-week high of $40.50. The stock has a market capitalization of $312.13, a PE ratio of 19.14, a PEG ratio of 3.06 and a beta of 0.21. 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 (NASDAQ:MFSF) last announced its quarterly earnings results on Friday, February 2nd. The bank reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). The company had revenue of $17.04 million for the quarter, compared to analysts’ expectations of $17.20 million. MutualFirst Financial had a net margin of 16.00% and a return on equity of 9.71%. equities analysts predict 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 was paid on Friday, March 23rd. Investors of record on Friday, March 9th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.97%. The ex-dividend date was Thursday, March 8th. MutualFirst Financial’s dividend payout ratio is currently 37.70%.
Several research analysts have recently issued reports on MFSF shares. BidaskClub upgraded MutualFirst Financial from a “hold” rating to a “buy” rating in a research note on Saturday, December 30th. Zacks Investment Research upgraded MutualFirst Financial from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Wednesday, December 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $39.00 price objective on shares of MutualFirst Financial in a research note on Friday, December 22nd. Five equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $38.67.
In related news, Director Michael J. Marien sold 2,600 shares of MutualFirst Financial stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $36.22, for a total transaction of $94,172.00. Following the completion of the transaction, the director now directly owns 59,492 shares in the company, valued at $2,154,800.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael J. Marien sold 3,578 shares of MutualFirst Financial stock in a transaction that occurred on 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 owns 51,928 shares of the company’s stock, valued at $1,895,891.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,734 shares of company stock valued at $464,490. 28.00% of the stock is owned by company insiders.
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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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