MutualFirst Financial Inc. (MFSF) Insider Sells $40,074.23 in Stock
MutualFirst Financial Inc. (NASDAQ:MFSF) insider Charles J. Viater sold 1,039 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $38.57, for a total value of $40,074.23. Following the completion of the sale, the insider now directly owns 186,438 shares of the company’s stock, valued at $7,190,913.66. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of MutualFirst Financial Inc. (NASDAQ MFSF) traded up $0.50 during trading on Monday, hitting $38.70. The stock had a trading volume of 6,100 shares, compared to its average volume of 9,442. MutualFirst Financial Inc. has a 1 year low of $28.40 and a 1 year high of $40.50. The stock has a market cap of $285.60, a price-to-earnings ratio of 20.58, a PEG ratio of 3.98 and a beta of 0.36. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.44.
MutualFirst Financial (NASDAQ:MFSF) last announced its earnings results on Tuesday, October 24th. The bank reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. MutualFirst Financial had a return on equity of 9.73% and a net margin of 18.68%. The firm had revenue of $16.70 million during the quarter, compared to analyst estimates of $17.00 million. equities analysts forecast that MutualFirst Financial Inc. will post 1.94 EPS for the current fiscal year.
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Several brokerages have recently issued reports on MFSF. ValuEngine raised MutualFirst Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research lowered MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 13th. DA Davidson raised MutualFirst Financial from an “underperform” rating to a “neutral” rating and raised their target price for the company from $29.00 to $34.00 in a research report on Wednesday, July 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $36.00 target price on shares of MutualFirst Financial in a research report on Sunday, October 8th. Finally, TheStreet lowered MutualFirst Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $36.67.
Several hedge funds have recently bought and sold shares of MFSF. Wells Fargo & Company MN grew its stake in shares of MutualFirst Financial by 16.7% during the 1st quarter. Wells Fargo & Company MN now owns 3,490 shares of the bank’s stock worth $110,000 after acquiring an additional 500 shares during the period. Bank of New York Mellon Corp grew its stake in shares of MutualFirst Financial by 4.4% during the 1st quarter. Bank of New York Mellon Corp now owns 25,757 shares of the bank’s stock worth $813,000 after acquiring an additional 1,091 shares during the period. American International Group Inc. grew its stake in shares of MutualFirst Financial by 7.5% during the 1st quarter. American International Group Inc. now owns 3,363 shares of the bank’s stock worth $106,000 after acquiring an additional 235 shares during the period. Vanguard Group Inc. grew its stake in shares of MutualFirst Financial by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 191,842 shares of the bank’s stock worth $6,053,000 after acquiring an additional 2,715 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of MutualFirst Financial by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 48,370 shares of the bank’s stock worth $1,526,000 after acquiring an additional 1,062 shares during the period. Institutional investors own 46.59% 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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