MutualFirst Financial Director Sells $20,200 in Stock (MFSF)
MutualFirst Financial (NASDAQ:MFSF) Director Linn A. Crull sold 1,000 shares of MutualFirst Financial stock on the open market in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $20.20, for a total value of $20,200.00. Following the transaction, the director now directly owns 27,500 shares in the company, valued at approximately $555,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of MutualFirst Financial (NASDAQ:MFSF) traded up 1.00% on Thursday, hitting $20.23. 8,594 shares of the company’s stock traded hands. MutualFirst Financial has a 52-week low of $14.76 and a 52-week high of $20.99. The stock’s 50-day moving average is $19.52 and its 200-day moving average is $19.10. The company has a market cap of $145.0 million and a price-to-earnings ratio of 16.43.
MutualFirst Financial (NASDAQ:MFSF) last posted its quarterly earnings results on Monday, July 21st. The company reported $0.35 earnings per share for the quarter, beating the analysts’ 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. Shareholders 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 1.58%. The ex-dividend date of this dividend is Wednesday, September 10th.
MFSF has been the subject of a number of recent research reports. 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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