MutualFirst Financial Inc. (NASDAQ:MFSF) has been given a consensus broker rating score of 3.67 (Sell) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell rating and two have assigned a hold rating to the company. MutualFirst Financial’s rating score has declined by 22.3% in the last three months as a result of various analysts’ ratings changes.
Analysts have set a 12-month consensus target price of $26.00 for the company and are predicting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also assigned MutualFirst Financial an industry rank of 190 out of 265 based on the ratings given to related companies.
Several equities research analysts have issued reports on the stock. DA Davidson assumed coverage on shares of MutualFirst Financial in a research report on Thursday, July 21st. They set an “underperform” rating and a $24.00 target price for the company. Zacks Investment Research upgraded shares of MutualFirst Financial from a “hold” rating to a “strong-buy” rating and set a $33.00 target price for the company in a research report on Saturday, July 30th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of MutualFirst Financial from $26.00 to $27.00 and gave the company a “market perform” rating in a research report on Wednesday, July 27th.
Shares of MutualFirst Financial (NASDAQ:MFSF) opened at 27.47 on Thursday. The company has a market cap of $201.19 million, a P/E ratio of 15.97 and a beta of 0.46. The firm has a 50-day moving average of $27.64 and a 200-day moving average of $27.05. MutualFirst Financial has a 12-month low of $21.20 and a 12-month high of $28.99.
MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings data on Monday, July 25th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.18. MutualFirst Financial had a net margin of 18.35% and a return on equity of 9.44%. Analysts predict that MutualFirst Financial will post $1.66 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.56 annualized dividend and a yield of 2.04%. MutualFirst Financial’s payout ratio is presently 32.37%.
In other MutualFirst Financial news, insider Charles J. Viater sold 2,777 shares of MutualFirst Financial stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $27.80, for a total transaction of $77,200.60. Following the transaction, the insider now directly owns 174,162 shares of the company’s stock, valued at $4,841,703.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Charles J. Viater sold 1,000 shares of MutualFirst Financial stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $27.80, for a total transaction of $27,800.00. Following the transaction, the insider now directly owns 176,662 shares in the company, valued at $4,911,203.60. The disclosure for this sale can be found here. Company insiders own 22.70% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. acquired a new position in MutualFirst Financial during the second quarter valued at approximately $277,000. Bridgeway Capital Management Inc. increased its position in MutualFirst Financial by 44.7% in the second quarter. Bridgeway Capital Management Inc. now owns 58,611 shares of the company’s stock valued at $1,603,000 after buying an additional 18,100 shares during the period. State Street Corp acquired a new position in MutualFirst Financial during the second quarter valued at approximately $1,492,000. Maltese Capital Management LLC increased its position in MutualFirst Financial by 85.5% in the second quarter. Maltese Capital Management LLC now owns 385,200 shares of the company’s stock valued at $10,535,000 after buying an additional 177,600 shares during the period. Finally, Teachers Advisors Inc. acquired a new position in MutualFirst Financial during the second quarter valued at approximately $234,000. 46.50% of the stock is currently owned by hedge funds and other institutional investors.
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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