Insider Selling: William Hughes Sells 5,000 Shares of Mutualfirst Financia Stock (MFSF)
Mutualfirst Financia (NASDAQ:MFSF) Director William Hughes unloaded 5,000 shares of the company’s stock on the open market in a transaction dated Monday, October 28th. The stock was sold at an average price of $16.52, for a total value of $82,600.00. Following the completion of the transaction, the director now directly owns 20,000 shares in the company, valued at approximately $330,400. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Mutualfirst Financia from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 24th. They now have a $17.80 price target on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Mutualfirst Financia from $15.00 to $16.00 in a research note to investors on Wednesday, October 23rd.
Mutualfirst Financia (NASDAQ:MFSF) traded up 1.39% on Tuesday, hitting $16.81. The stock had a trading volume of 8,251 shares. Mutualfirst Financia has a 52-week low of $10.75 and a 52-week high of $16.69. The stock’s 50-day moving average is $15.05 and its 200-day moving average is $14.87. The company has a market cap of $119.4 million and a price-to-earnings ratio of 16.42.
MutualFirst Financial, Inc (NASDAQ:MFSF) is the holding company of its wholly owned subsidiary, MutualBank (the Bank).
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