MutualFirst Financial Inc. (NASDAQ:MFSF) insider David Wayne Heeter sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $34.50, for a total value of $34,500.00. Following the completion of the sale, the insider now owns 44,753 shares in the company, valued at approximately $1,543,978.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

David Wayne Heeter also recently made the following trade(s):

  • On Wednesday, July 5th, David Wayne Heeter sold 323 shares of MutualFirst Financial stock. The shares were sold at an average price of $34.75, for a total value of $11,224.25.
  • On Monday, July 3rd, David Wayne Heeter sold 2,433 shares of MutualFirst Financial stock. The shares were sold at an average price of $35.08, for a total value of $85,349.64.

Shares of MutualFirst Financial Inc. (MFSF) remained flat at $34.05 on Monday. 239 shares of the stock traded hands. The company’s 50-day moving average price is $34.43 and its 200 day moving average price is $32.50. MutualFirst Financial Inc. has a 12-month low of $25.97 and a 12-month high of $36.90. The stock has a market capitalization of $250.06 million, a price-to-earnings ratio of 18.09 and a beta of 0.36.

MutualFirst Financial (NASDAQ:MFSF) last posted its earnings results on Tuesday, April 25th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The company had revenue of $15.84 million for the quarter, compared to analysts’ expectations of $15.70 million. MutualFirst Financial had a return on equity of 9.93% and a net margin of 18.92%. On average, equities research analysts anticipate that MutualFirst Financial Inc. will post $1.80 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 9th were issued a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, June 7th. This represents a $0.64 annualized dividend and a yield of 1.88%. MutualFirst Financial’s dividend payout ratio (DPR) is presently 34.04%.

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A number of hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of 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 buying an additional 10,301 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of MutualFirst Financial by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 388,022 shares of the bank’s stock valued at $12,242,000 after buying an additional 6,594 shares during the period. Geode Capital Management LLC raised its stake in shares of MutualFirst Financial by 2.2% in the first quarter. Geode Capital Management LLC now owns 48,370 shares of the bank’s stock valued at $1,526,000 after buying an additional 1,062 shares during the period. Vanguard Group Inc. raised its stake in shares of MutualFirst Financial by 1.4% in the first quarter. Vanguard Group Inc. now owns 191,842 shares of the bank’s stock valued at $6,053,000 after buying an additional 2,715 shares during the period. Finally, American International Group Inc. raised its stake in shares of MutualFirst Financial by 7.5% in the first quarter. American International Group Inc. now owns 3,363 shares of the bank’s stock valued at $106,000 after buying an additional 235 shares during the period. Institutional investors and hedge funds own 46.10% of the company’s stock.

A number of brokerages have recently issued reports on MFSF. Zacks Investment Research raised MutualFirst Financial from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Friday, April 28th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $32.00 price objective on shares of MutualFirst Financial in a research note on Friday. ValuEngine raised MutualFirst Financial from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, BidaskClub downgraded MutualFirst Financial from a “hold” rating to a “sell” rating in a research note on Sunday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. MutualFirst Financial has an average rating of “Hold” and an average target price of $31.00.

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.

Insider Buying and Selling by Quarter for MutualFirst Financial (NASDAQ:MFSF)

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