Zacks Investment Research cut shares of MutualFirst Financial (NASDAQ:MFSF) from a buy rating to a hold rating in a research report report published on Friday.

According to Zacks, “MutualFirst Financial, Inc. is the holding company of Mutual Federal Savings Bank. “

A number of other equities research analysts have also recently commented on the company. TheStreet cut MutualFirst Financial from a b rating to a c+ rating in a report on Friday, July 27th. DA Davidson reiterated a neutral rating on shares of MutualFirst Financial in a report on Monday, July 30th. Five equities research analysts have rated the stock with a hold rating, The company has an average rating of Hold and a consensus price target of $40.50.

NASDAQ:MFSF traded up $0.15 during trading hours on Friday, reaching $37.65. 4,873 shares of the company traded hands, compared to its average volume of 4,348. The stock has a market cap of $322.03 million, a PE ratio of 19.71, a price-to-earnings-growth ratio of 3.09 and a beta of 0.13. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.98 and a current ratio of 0.98. MutualFirst Financial has a 1-year low of $34.30 and a 1-year high of $40.50.

MutualFirst Financial (NASDAQ:MFSF) last announced its earnings results on Wednesday, July 25th. The bank reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $21.41 million for the quarter, compared to analysts’ expectations of $20.10 million. MutualFirst Financial had a return on equity of 9.92% and a net margin of 15.56%. equities research analysts predict that MutualFirst Financial will post 2.43 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Stockholders of record on Friday, September 7th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, September 6th. MutualFirst Financial’s dividend payout ratio (DPR) is 37.70%.

Hedge funds have recently bought and sold shares of the company. Rhumbline Advisers acquired a new stake in shares of MutualFirst Financial during the second quarter worth $209,000. PNC Financial Services Group Inc. acquired a new stake in shares of MutualFirst Financial during the second quarter worth $882,000. California Public Employees Retirement System boosted its holdings in shares of MutualFirst Financial by 5.8% during the second quarter. California Public Employees Retirement System now owns 29,171 shares of the bank’s stock worth $1,101,000 after purchasing an additional 1,597 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of MutualFirst Financial by 19.4% during the first quarter. The Manufacturers Life Insurance Company now owns 223,186 shares of the bank’s stock worth $8,091,000 after purchasing an additional 36,298 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of MutualFirst Financial by 8.9% during the second quarter. Renaissance Technologies LLC now owns 232,347 shares of the bank’s stock worth $8,771,000 after purchasing an additional 18,947 shares during the last quarter. Institutional investors and hedge funds own 46.71% of the company’s stock.

MutualFirst Financial Company Profile

MutualFirst Financial, Inc operates as the bank holding company for MutualBank that provides various financial services in the United States. It accepts savings deposit, NOW, and demand accounts, as well as certificates of deposit. The company offers one-to four-family residential property, commercial real estate, construction and development, and commercial business loans; consumer loans, such as auto loans, boat and recreational vehicle loans, loans secured by savings deposits, and credit card and unsecured consumer loans; and adjustable rate loans.

Further Reading: Book Value Per Share – BVPS

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