Zacks Investment Research upgraded shares of MutualFirst Financial (NASDAQ:MFSF) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday.
According to Zacks, “MutualFirst Financial, Inc. is the holding company of Mutual Federal Savings Bank. “
A number of other analysts also recently issued reports on MFSF. BidaskClub raised MutualFirst Financial from a sell rating to a hold rating in a research note on Friday, October 5th. TheStreet downgraded MutualFirst Financial from a b rating to a c+ rating in a research note on Friday, July 27th. ValuEngine downgraded MutualFirst Financial from a hold rating to a sell rating in a research note on Saturday, September 22nd. Finally, DA Davidson reaffirmed a neutral rating on shares of MutualFirst Financial in a research note on Monday, July 30th. One investment 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 a consensus target price of $40.50.
NASDAQ:MFSF opened at $35.30 on Tuesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.98 and a current ratio of 0.98. MutualFirst Financial has a 1 year low of $34.30 and a 1 year high of $40.50. The company has a market capitalization of $316.45 million, a price-to-earnings ratio of 18.61, 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.03. MutualFirst Financial had a return on equity of 9.92% and a net margin of 15.56%. The business had revenue of $21.41 million for the quarter, compared to the consensus estimate of $20.10 million. On average, equities analysts expect that MutualFirst Financial will post 2.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Friday, September 7th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, September 6th. MutualFirst Financial’s payout ratio is 37.70%.
A number of large investors have recently added to or reduced their stakes in the business. California Public Employees Retirement System increased its position in shares of MutualFirst Financial by 5.8% during the 2nd quarter. California Public Employees Retirement System now owns 29,171 shares of the bank’s stock valued at $1,101,000 after purchasing an additional 1,597 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of MutualFirst Financial by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 449,164 shares of the bank’s stock valued at $16,956,000 after purchasing an additional 2,555 shares during the last quarter. Rhumbline Advisers bought a new position in shares of MutualFirst Financial during the 2nd quarter valued at approximately $209,000. Renaissance Technologies LLC increased its position in shares of MutualFirst Financial by 8.9% during the 2nd quarter. Renaissance Technologies LLC now owns 232,347 shares of the bank’s stock valued at $8,771,000 after purchasing an additional 18,947 shares during the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in shares of MutualFirst Financial during the 2nd quarter valued at approximately $882,000. 46.71% of the stock is currently owned by institutional investors and hedge funds.
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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