MutualFirst Financial Inc. (NASDAQ:MFSF) has been given an average rating of “Hold” by the six ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $35.00.

Several brokerages have recently issued reports on MFSF. ValuEngine upgraded shares of MutualFirst Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $32.00 price target on shares of MutualFirst Financial in a report on Friday, July 14th. Zacks Investment Research downgraded shares of MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, October 13th. DA Davidson upgraded shares of MutualFirst Financial from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $29.00 to $34.00 in a report on Wednesday, July 26th. Finally, TheStreet downgraded shares of MutualFirst Financial from a “b-” rating to a “c+” rating in a report on Tuesday, July 25th.

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MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. The company had revenue of $16.70 million during the quarter, compared to the consensus estimate of $17.00 million. MutualFirst Financial had a net margin of 18.68% and a return on equity of 9.86%.

In related news, insider Charles J. Viater sold 710 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $39.95, for a total value of $28,364.50. Following the completion of the sale, the insider now directly owns 188,452 shares in the company, valued at $7,528,657.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jerry Dean Mcvicker sold 3,599 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $40.03, for a total value of $144,067.97. Following the completion of the sale, the director now owns 36,550 shares of the company’s stock, valued at $1,463,096.50. The disclosure for this sale can be found here. Insiders have sold 4,439 shares of company stock valued at $177,554 over the last quarter. Company insiders own 11.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its holdings in MutualFirst Financial by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 398,647 shares of the bank’s stock valued at $14,232,000 after purchasing an additional 10,625 shares during the period. Vanguard Group Inc. increased its holdings in MutualFirst Financial by 0.8% in the second quarter. Vanguard Group Inc. now owns 193,315 shares of the bank’s stock valued at $6,901,000 after purchasing an additional 1,473 shares during the period. Renaissance Technologies LLC increased its holdings in MutualFirst Financial by 6.6% in the first quarter. Renaissance Technologies LLC now owns 166,481 shares of the bank’s stock valued at $5,252,000 after purchasing an additional 10,301 shares during the period. State Street Corp increased its holdings in MutualFirst Financial by 96.5% in the second quarter. State Street Corp now owns 133,260 shares of the bank’s stock valued at $4,761,000 after purchasing an additional 65,441 shares during the period. Finally, Northern Trust Corp increased its holdings in MutualFirst Financial by 16.1% in the second quarter. Northern Trust Corp now owns 71,373 shares of the bank’s stock valued at $2,549,000 after purchasing an additional 9,877 shares during the period. Institutional investors and hedge funds own 45.72% of the company’s stock.

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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