MutualFirst Financial Inc. (MFSF) Insider Sells $11,738.25 in Stock
MutualFirst Financial Inc. (NASDAQ:MFSF) insider Charles J. Viater sold 423 shares of the stock in a transaction on Friday, September 16th. The stock was sold at an average price of $27.75, for a total transaction of $11,738.25. Following the completion of the sale, the insider now owns 176,239 shares in the company, valued at $4,890,632.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of MutualFirst Financial Inc. (NASDAQ:MFSF) opened at 27.70 on Tuesday. The company’s 50 day moving average is $27.68 and its 200-day moving average is $26.85. The firm has a market capitalization of $202.87 million, a price-to-earnings ratio of 16.10 and a beta of 0.58. MutualFirst Financial Inc. has a one year low of $21.20 and a one year high of $28.99.
MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings data on Monday, July 25th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.18. MutualFirst Financial had a net margin of 18.35% and a return on equity of 9.44%. Equities analysts expect that MutualFirst Financial Inc. will post $1.66 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date of this dividend is Wednesday, September 7th. MutualFirst Financial’s dividend payout ratio is 32.37%.
MFSF has been the topic of several analyst reports. Zacks Investment Research upgraded shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Keefe, Bruyette & Woods increased their target price on shares of MutualFirst Financial from $26.00 to $27.00 and gave the stock a “market perform” rating in a report on Wednesday, July 27th. Finally, DA Davidson initiated coverage on shares of MutualFirst Financial in a report on Thursday, July 21st. They issued an “underperform” rating and a $24.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $28.00.
Institutional investors have recently added to or reduced their stakes in the company. Beese Fulmer Investment Management Inc. bought a new position in MutualFirst Financial during the second quarter worth about $229,000. Teachers Advisors Inc. bought a new position in MutualFirst Financial during the second quarter worth about $234,000. Schwab Charles Investment Management Inc. bought a new position in MutualFirst Financial during the second quarter worth about $277,000. TFS Capital LLC bought a new position in MutualFirst Financial during the second quarter worth about $289,000. Finally, California State Teachers Retirement System bought a new position in MutualFirst Financial during the second quarter worth about $312,000. Institutional investors and hedge funds own 46.50% 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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