Shares of MutualFirst Financial Inc. (NASDAQ:MFSF) have been given a consensus recommendation of “Hold” by the six analysts that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $38.67.

A number of equities research analysts recently issued reports on MFSF shares. BidaskClub raised MutualFirst Financial from a “hold” rating to a “buy” rating in a research report on Saturday, December 30th. Zacks Investment Research raised MutualFirst Financial from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, December 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $39.00 target price on shares of MutualFirst Financial in a research report on Friday, December 22nd. Finally, ValuEngine lowered MutualFirst Financial from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

Shares of MutualFirst Financial (MFSF) opened at $38.45 on Wednesday. MutualFirst Financial has a 1 year low of $29.20 and a 1 year high of $40.50. The stock has a market capitalization of $283.75, a P/E ratio of 20.45, a P/E/G ratio of 3.42 and a beta of 0.33. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.01 and a quick ratio of 1.01.

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 Zacks’ 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 business had revenue of $16.70 million for the quarter, compared to analyst estimates of $17.00 million. equities analysts expect that MutualFirst Financial will post 1.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 8th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.87%. This is an increase from MutualFirst Financial’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, December 7th. MutualFirst Financial’s dividend payout ratio (DPR) is currently 38.30%.

In other MutualFirst Financial news, Director Jerry Dean Mcvicker sold 1,621 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.25, for a total value of $63,624.25. Following the completion of the transaction, the director now directly owns 36,550 shares in the company, valued at $1,434,587.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Charles J. Viater sold 1,846 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $39.55, for a total value of $73,009.30. Following the completion of the transaction, the insider now owns 187,822 shares of the company’s stock, valued at $7,428,360.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,315 shares of company stock valued at $603,775. Corporate insiders own 11.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in MutualFirst Financial by 4.8% in the third quarter. Dimensional Fund Advisors LP now owns 417,640 shares of the bank’s stock valued at $16,058,000 after purchasing an additional 18,993 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in MutualFirst Financial by 47.6% in the third quarter. Hillsdale Investment Management Inc. now owns 21,700 shares of the bank’s stock valued at $834,000 after purchasing an additional 7,000 shares in the last quarter. Wells Fargo & Company MN grew its stake in MutualFirst Financial by 170.8% in the third quarter. Wells Fargo & Company MN now owns 9,455 shares of the bank’s stock valued at $363,000 after purchasing an additional 5,964 shares in the last quarter. Macquarie Group Ltd. bought a new position in MutualFirst Financial in the third quarter valued at approximately $423,000. Finally, Russell Investments Group Ltd. bought a new position in MutualFirst Financial in the third quarter valued at approximately $101,000. Hedge funds and other institutional investors own 47.49% of the company’s stock.

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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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