BidaskClub lowered shares of MutualFirst Financial (NASDAQ:MFSF) from a hold rating to a sell rating in a report published on Saturday.
Several other research firms also recently commented on MFSF. Zacks Investment Research downgraded shares of MutualFirst Financial from a buy rating to a hold rating in a research report on Wednesday, February 28th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $39.00 price target on shares of MutualFirst Financial in a research report on Friday, December 22nd. Finally, ValuEngine downgraded shares of MutualFirst Financial from a buy rating to a hold rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has an average rating of Hold and an average price target of $38.67.
Shares of MutualFirst Financial (MFSF) opened at $36.60 on Friday. MutualFirst Financial has a 12-month low of $30.75 and a 12-month high of $40.50. The company has a market cap of $264.91, a price-to-earnings ratio of 22.32, a P/E/G ratio of 3.03 and a beta of 0.24. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.01 and a quick ratio of 1.01.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, March 8th. This represents a $0.72 dividend on an annualized basis and a yield of 1.97%. MutualFirst Financial’s payout ratio is currently 43.90%.
In other MutualFirst Financial news, Director Jerry Dean Mcvicker sold 1,621 shares of the company’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $39.25, for a total transaction of $63,624.25. Following the completion of the transaction, the director now owns 36,550 shares in the company, valued at approximately $1,434,587.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Charles J. Viater sold 1,000 shares of the company’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.05, for a total transaction of $39,050.00. Following the transaction, the insider now owns 182,937 shares of the company’s stock, valued at approximately $7,143,689.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,621 shares of company stock valued at $211,227. 11.30% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in MFSF. State Street Corp raised its position in MutualFirst Financial by 96.5% during the 2nd quarter. State Street Corp now owns 133,260 shares of the bank’s stock worth $4,761,000 after buying an additional 65,441 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of MutualFirst Financial by 4.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 417,640 shares of the bank’s stock worth $16,058,000 after purchasing an additional 18,993 shares during the period. Macquarie Group Ltd. acquired a new position in shares of MutualFirst Financial during the 3rd quarter worth $423,000. Northern Trust Corp grew its stake in shares of MutualFirst Financial by 16.1% during the 2nd quarter. Northern Trust Corp now owns 71,373 shares of the bank’s stock worth $2,549,000 after purchasing an additional 9,877 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of MutualFirst Financial by 3.7% during the 4th quarter. Renaissance Technologies LLC now owns 206,500 shares of the bank’s stock worth $7,961,000 after purchasing an additional 7,404 shares during the period. Institutional investors own 49.53% of the company’s stock.
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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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