MutualFirst Financial Inc. (NASDAQ:MFSF) insider Charles J. Viater sold 2,777 shares of MutualFirst Financial stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $27.80, for a total value of $77,200.60. Following the sale, the insider now directly owns 174,162 shares in the company, valued at $4,841,703.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of MutualFirst Financial Inc. (NASDAQ:MFSF) opened at 27.77 on Friday. The company has a market capitalization of $203.39 million, a price-to-earnings ratio of 16.15 and a beta of 0.58. MutualFirst Financial Inc. has a one year low of $21.20 and a one year high of $28.99. The company has a 50-day moving average price of $27.65 and a 200 day moving average price of $26.91.
MutualFirst Financial (NASDAQ:MFSF) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.37 by $0.18. MutualFirst Financial had a net margin of 18.35% and a return on equity of 9.44%. On average, analysts forecast that MutualFirst Financial Inc. will post $1.66 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 9th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend was Wednesday, September 7th. MutualFirst Financial’s dividend payout ratio is presently 32.37%.
A number of analysts have recently issued reports on MFSF shares. Zacks Investment Research raised MutualFirst Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Keefe, Bruyette & Woods lifted their target price on MutualFirst Financial from $26.00 to $27.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 27th. Finally, DA Davidson started coverage on MutualFirst Financial in a research report on Thursday, July 21st. They set an “underperform” rating and a $24.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $28.00.
A number of large investors have recently modified their holdings of MFSF. Beese Fulmer Investment Management Inc. acquired a new stake in shares of MutualFirst Financial during the second quarter worth about $229,000. Teachers Advisors Inc. acquired a new stake in shares of MutualFirst Financial during the second quarter worth about $234,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of MutualFirst Financial during the second quarter worth about $277,000. TFS Capital LLC acquired a new stake in shares of MutualFirst Financial during the second quarter worth about $289,000. Finally, California State Teachers Retirement System acquired a new stake in shares of MutualFirst Financial during the second quarter worth about $312,000. Hedge funds and other institutional investors own 46.50% of the company’s stock.
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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