MutualFirst Financial (NASDAQ:MFSF) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.

Several other analysts also recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $36.00 price objective on shares of MutualFirst Financial in a research note on Sunday, October 8th. Zacks Investment Research downgraded MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. MutualFirst Financial currently has a consensus rating of “Hold” and a consensus price target of $36.67.

Shares of MutualFirst Financial (NASDAQ:MFSF) opened at $37.55 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market capitalization of $277.47, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 3.86 and a beta of 0.33. MutualFirst Financial has a one year low of $28.50 and a one year high of $40.50.

MutualFirst Financial (NASDAQ:MFSF) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The firm had revenue of $16.70 million during the quarter, compared to the consensus estimate of $17.00 million. MutualFirst Financial had a return on equity of 9.73% and a net margin of 18.68%. equities research analysts predict that MutualFirst Financial will post 1.94 earnings per share for the current year.

In other news, Director Jerry Dean Mcvicker sold 3,599 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $40.03, for a total transaction of $144,067.97. Following the completion of the transaction, the director now directly owns 36,550 shares of the company’s stock, valued at approximately $1,463,096.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Charles J. Viater sold 1,039 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $38.57, for a total value of $40,074.23. Following the transaction, the insider now directly owns 186,438 shares of the company’s stock, valued at $7,190,913.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,824 shares of company stock valued at $349,203. Company insiders own 11.30% of the company’s stock.

Several hedge funds have recently modified their holdings of MFSF. American International Group Inc. raised 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 buying an additional 235 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of MutualFirst Financial by 1.4% in 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. Geode Capital Management LLC grew its holdings in shares of MutualFirst Financial by 2.2% in 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. Dimensional Fund Advisors LP grew its holdings in shares of MutualFirst Financial by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 388,022 shares of the bank’s stock worth $12,242,000 after acquiring an additional 6,594 shares during the period. Finally, Bank of America Corp DE grew its holdings in shares of MutualFirst Financial by 424.4% in the 1st quarter. Bank of America Corp DE now owns 3,933 shares of the bank’s stock worth $124,000 after acquiring an additional 3,183 shares during the period. 47.49% of the stock is owned by institutional investors and hedge funds.

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About MutualFirst Financial

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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