Somewhat Positive News Coverage Somewhat Unlikely to Affect MutualFirst Financial (MFSF) Stock Price
Media coverage about MutualFirst Financial (NASDAQ:MFSF) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. MutualFirst Financial earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.732030825655 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
MFSF has been the subject of several research reports. BidaskClub lowered MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research lowered MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $39.00 target price on shares of MutualFirst Financial in a research note on Friday, December 22nd. Finally, ValuEngine lowered MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Five analysts have rated the stock with a hold rating, MutualFirst Financial presently has a consensus rating of “Hold” and a consensus price target of $38.67.
Shares of MutualFirst Financial (MFSF) opened at $35.80 on Friday. The stock has a market capitalization of $264.54, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 3.02 and a beta of 0.24. 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 has a 52 week low of $30.75 and a 52 week high of $40.50.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $0.72 annualized dividend and a yield of 2.01%. MutualFirst Financial’s payout ratio is currently 43.90%.
In other MutualFirst Financial news, Director Michael J. Marien sold 2,600 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $36.22, for a total value of $94,172.00. Following the completion of the sale, the director now owns 59,492 shares in the company, valued at $2,154,800.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles J. Viater sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $39.05, for a total value of $39,050.00. Following the completion of the sale, the insider now owns 182,937 shares of the company’s stock, valued at approximately $7,143,689.85. The disclosure for this sale can be found here. Insiders sold 5,621 shares of company stock valued at $211,227 in the last quarter. Corporate insiders own 11.30% 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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