MutualFirst Financial, Inc. (NASDAQ:MFSF) has received a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $39.00.
Several research firms have commented on MFSF. BidaskClub lowered MutualFirst Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. ValuEngine lowered MutualFirst Financial from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Finally, Zacks Investment Research raised MutualFirst Financial from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 9th.
In other news, insider Charles J. Viater sold 2,636 shares of the business’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $35.93, for a total value of $94,711.48. Following the transaction, the insider now owns 166,790 shares of the company’s stock, valued at $5,992,764.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mark L. Barkley sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $35.49, for a total value of $177,450.00. The disclosure for this sale can be found here. In the last three months, insiders sold 9,636 shares of company stock worth $343,821. Corporate insiders own 11.30% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System increased its holdings in shares of MutualFirst Financial by 5.8% in the second 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 period. Ancora Advisors LLC increased its holdings in shares of MutualFirst Financial by 0.3% in the third quarter. Ancora Advisors LLC now owns 539,549 shares of the bank’s stock valued at $19,882,000 after purchasing an additional 1,650 shares during the period. Wells Fargo & Company MN grew its holdings in MutualFirst Financial by 13.4% during the third quarter. Wells Fargo & Company MN now owns 17,838 shares of the bank’s stock worth $658,000 after acquiring an additional 2,110 shares during the period. Dimensional Fund Advisors LP grew its holdings in MutualFirst Financial by 0.6% during the second quarter. Dimensional Fund Advisors LP now owns 449,164 shares of the bank’s stock worth $16,956,000 after acquiring an additional 2,555 shares during the period. Finally, SG Americas Securities LLC acquired a new position in MutualFirst Financial during the third quarter worth $136,000. 47.21% of the stock is currently owned by institutional investors and hedge funds.
MFSF opened at $32.95 on Friday. The company has a market cap of $288.97 million, a price-to-earnings ratio of 17.25, a PEG ratio of 2.73 and a beta of 0.13. MutualFirst Financial has a 52 week low of $32.20 and a 52 week high of $40.00. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.44.
MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings results on Thursday, October 25th. The bank reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). The firm had revenue of $21.46 million for the quarter, compared to analyst estimates of $21.65 million. MutualFirst Financial had a return on equity of 10.34% and a net margin of 16.27%. Equities analysts predict that MutualFirst Financial will post 2.47 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be issued a $0.20 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.43%. This is a positive change from MutualFirst Financial’s previous quarterly dividend of $0.18. MutualFirst Financial’s payout ratio is presently 37.70%.
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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