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Mutualfirst Financia (NASDAQ:MFSF) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, American Banking and Market News reports. They currently have a $21.20 target price on the stock. Zacks‘ price objective would suggest a potential upside of 11.23% from the stock’s previous close.

Shares of Mutualfirst Financia (NASDAQ:MFSF) traded down 0.34% on Tuesday, hitting $18.995. The stock had a trading volume of 1,992 shares. Mutualfirst Financia has a 52-week low of $11.93 and a 52-week high of $20.99. The stock has a 50-day moving average of $18.87 and a 200-day moving average of $16.82. The company has a market cap of $135.2 million and a price-to-earnings ratio of 17.33.

Mutualfirst Financia (NASDAQ:MFSF) last announced its earnings results on Friday, February 7th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.04. On average, analysts predict that Mutualfirst Financia will post $1.20 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Wednesday, March 12th.

Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of Mutualfirst Financia from $16.00 to $17.00 in a research note on Thursday, December 26th.

MutualFirst Financial, Inc (NASDAQ:MFSF) is the holding company of its wholly owned subsidiary, MutualBank (the Bank).

To view Zacks’ full report, visit www.zacks.com

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