MutualFirst Financial Inc. (NASDAQ:MFSF) Director Michael J. Marien sold 323 shares of the company’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $32.01, for a total transaction of $10,339.23. Following the completion of the sale, the director now owns 74,990 shares in the company, valued at approximately $2,400,429.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
MutualFirst Financial Inc. (NASDAQ:MFSF) opened at 30.80 on Wednesday. The company has a market cap of $225.58 million, a P/E ratio of 17.50 and a beta of 0.34. The stock has a 50 day moving average of $31.35 and a 200 day moving average of $29.14. MutualFirst Financial Inc. has a 52 week low of $21.20 and a 52 week high of $36.75.
MutualFirst Financial (NASDAQ:MFSF) last posted its quarterly earnings results on Wednesday, February 1st. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. MutualFirst Financial had a net margin of 18.08% and a return on equity of 9.33%. On average, analysts expect that MutualFirst Financial Inc. will post $1.74 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. boosted its position in MutualFirst Financial by 32.3% in the fourth quarter. Bessemer Group Inc. now owns 4,100 shares of the company’s stock worth $136,000 after buying an additional 1,000 shares during the last quarter. Martingale Asset Management L P boosted its position in shares of MutualFirst Financial by 17.2% in the fourth quarter. Martingale Asset Management L P now owns 13,655 shares of the company’s stock valued at $452,000 after buying an additional 2,001 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of MutualFirst Financial by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 381,428 shares of the company’s stock valued at $12,625,000 after buying an additional 2,824 shares during the last quarter. James Investment Research Inc. boosted its position in shares of MutualFirst Financial by 16.2% in the third quarter. James Investment Research Inc. now owns 26,875 shares of the company’s stock valued at $745,000 after buying an additional 3,750 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of MutualFirst Financial during the fourth quarter valued at about $148,000. Hedge funds and other institutional investors own 45.99% of the company’s stock.
MFSF has been the topic of several analyst reports. Zacks Investment Research upgraded shares of MutualFirst Financial from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Saturday, October 29th. DA Davidson reiterated a “sell” rating and issued a $24.00 target price on shares of MutualFirst Financial in a research note on Friday, November 25th.
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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