Insider Selling: James David Rosema Unloads 4,100 Shares of MutualFirst Financial Stock (MFSF)
MutualFirst Financial (NASDAQ:MFSF) Director James David Rosema sold 4,100 shares of MutualFirst Financial stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $20.13, for a total transaction of $82,533.00. Following the completion of the sale, the director now directly owns 47,500 shares of the company’s stock, valued at approximately $956,175. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of MutualFirst Financial (NASDAQ:MFSF) traded up 0.35% during mid-day trading on Wednesday, hitting $20.08. 34,487 shares of the company’s stock traded hands. MutualFirst Financial has a one year low of $14.76 and a one year high of $20.99. The stock has a 50-day moving average of $19.41 and a 200-day moving average of $19.07. The company has a market cap of $144.0 million and a price-to-earnings ratio of 16.42.
MutualFirst Financial (NASDAQ:MFSF) last posted its quarterly earnings results on Monday, July 21st. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.06. Analysts expect that MutualFirst Financial will post $1.30 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Wednesday, September 10th.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of MutualFirst Financial from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 23rd. They now have a $21.20 price target on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of MutualFirst Financial from $17.00 to $18.00 in a research note on Tuesday, July 22nd. They now have a “market perform” rating on the stock.
MutualFirst Financial, Inc (NASDAQ:MFSF) is the holding company of its wholly owned subsidiary, MutualBank (the Bank).
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