MutualFirst Financial, Inc. (NASDAQ:MFSF) insider Charles J. Viater sold 2,636 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $35.93, for a total transaction of $94,711.48. Following the completion of the transaction, the insider now directly owns 166,790 shares in the company, valued at $5,992,764.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of MFSF traded down $0.35 during trading hours on Thursday, reaching $33.30. 404 shares of the stock traded hands, compared to its average volume of 6,461. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.98 and a quick ratio of 0.98. MutualFirst Financial, Inc. has a 52 week low of $33.61 and a 52 week high of $40.00. The firm has a market capitalization of $288.97 million, a P/E ratio of 17.43, a PEG ratio of 2.73 and a beta of 0.13.
MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings results on Thursday, October 25th. The bank reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.02). MutualFirst Financial had a net margin of 16.27% and a return on equity of 10.34%. The firm had revenue of $21.46 million for the quarter, compared to the consensus estimate of $21.65 million. On average, equities research analysts expect that MutualFirst Financial, Inc. will post 2.47 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a $0.20 dividend. This is a positive change from MutualFirst Financial’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, December 13th. This represents a $0.80 annualized dividend and a yield of 2.40%. MutualFirst Financial’s payout ratio is currently 37.70%.
A number of research firms have weighed in on MFSF. Zacks Investment Research lowered shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine lowered shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research note on Saturday, September 22nd. Finally, BidaskClub raised shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a research note on Friday, October 5th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $39.50.
A number of hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of MutualFirst Financial in the third quarter worth about $136,000. Rhumbline Advisers purchased a new position in MutualFirst Financial during the second quarter valued at approximately $209,000. Wells Fargo & Company MN grew its stake in MutualFirst Financial by 13.4% during the third quarter. Wells Fargo & Company MN now owns 17,838 shares of the bank’s stock valued at $658,000 after acquiring an additional 2,110 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in MutualFirst Financial during the second quarter valued at approximately $882,000. Finally, California Public Employees Retirement System grew its stake in MutualFirst Financial by 5.8% during the second quarter. California Public Employees Retirement System now owns 29,171 shares of the bank’s stock valued at $1,101,000 after acquiring an additional 1,597 shares in the last quarter. 47.21% of the stock is currently owned by institutional investors and hedge funds.
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About MutualFirst Financial
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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