Shares of MutualFirst Financial, Inc. (NASDAQ:MFSF) have received a consensus rating of “Hold” from the six analysts that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $40.50.
MFSF has been the topic of several research reports. TheStreet raised shares of MutualFirst Financial from a “c+” rating to a “b-” rating in a research report on Friday, May 18th. Zacks Investment Research raised shares of MutualFirst Financial from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Tuesday, August 7th. Finally, DA Davidson reissued a “neutral” rating on shares of MutualFirst Financial in a research report on Monday, July 30th.
Shares of MFSF traded down $0.25 during mid-day trading on Friday, hitting $38.00. 4,625 shares of the company’s stock were exchanged, compared to its average volume of 5,475. The stock has a market capitalization of $328.47 million, a PE ratio of 19.90, a P/E/G ratio of 3.15 and a beta of 0.14. MutualFirst Financial has a fifty-two week low of $33.70 and a fifty-two week high of $40.50. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.96 and a current ratio of 0.98.
MutualFirst Financial (NASDAQ:MFSF) last issued its quarterly earnings results on Wednesday, July 25th. The bank reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.03. The business had revenue of $21.41 million for the quarter, compared to analysts’ expectations of $20.10 million. MutualFirst Financial had a net margin of 15.56% and a return on equity of 9.92%. sell-side analysts predict that MutualFirst Financial will post 2.43 earnings per share for the current year.
In related news, insider Charles J. Viater sold 2,225 shares of the firm’s stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $37.65, for a total value of $83,771.25. Following the sale, the insider now owns 176,970 shares of the company’s stock, valued at $6,662,920.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Charles J. Viater sold 4,353 shares of the firm’s stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $38.18, for a total transaction of $166,197.54. Following the completion of the sale, the insider now directly owns 174,377 shares in the company, valued at approximately $6,657,713.86. The disclosure for this sale can be found here. Insiders have sold 6,778 shares of company stock worth $257,475 in the last three months. Corporate insiders own 11.30% of the company’s stock.
Large investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in MutualFirst Financial by 3.7% in the fourth quarter. Renaissance Technologies LLC now owns 206,500 shares of the bank’s stock valued at $7,961,000 after acquiring an additional 7,404 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in MutualFirst Financial by 19.4% in the first quarter. The Manufacturers Life Insurance Company now owns 223,186 shares of the bank’s stock valued at $8,091,000 after acquiring an additional 36,298 shares in the last quarter. BlackRock Inc. raised its holdings in MutualFirst Financial by 1.1% in the fourth quarter. BlackRock Inc. now owns 318,583 shares of the bank’s stock valued at $12,283,000 after acquiring an additional 3,509 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in MutualFirst Financial by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 446,609 shares of the bank’s stock valued at $16,190,000 after acquiring an additional 9,736 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in MutualFirst Financial by 13.7% in the fourth quarter. Bank of New York Mellon Corp now owns 31,437 shares of the bank’s stock valued at $1,212,000 after acquiring an additional 3,783 shares in the last quarter. 42.73% of the stock is currently owned by hedge funds and other institutional investors.
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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