Shares of MutualFirst Financial Inc. (NASDAQ:MFSF) have been given a consensus broker rating score of 3.67 (Sell) from the three analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation and two have assigned a hold recommendation to the company. MutualFirst Financial’s rating score has declined by 22.3% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a twelve-month consensus target price of $26.00 for the company and are forecasting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also assigned MutualFirst Financial an industry rank of 190 out of 265 based on the ratings given to its competitors.
Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Wednesday. Keefe, Bruyette & Woods raised their price objective on shares of MutualFirst Financial from $26.00 to $27.00 and gave the company a “market perform” rating in a research report on Wednesday, July 27th. Finally, DA Davidson started coverage on shares of MutualFirst Financial in a research report on Thursday, July 21st. They set an “underperform” rating and a $24.00 price objective on the stock.
Shares of MutualFirst Financial (NASDAQ:MFSF) opened at 27.73 on Thursday. The firm’s 50-day moving average is $27.63 and its 200 day moving average is $27.01. The stock has a market capitalization of $203.09 million, a price-to-earnings ratio of 16.12 and a beta of 0.58. MutualFirst Financial has a 52-week low of $21.20 and a 52-week high of $28.99.
MutualFirst Financial (NASDAQ:MFSF) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ 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 will post $1.66 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Shareholders of record on Friday, September 9th were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. This represents a $0.56 dividend on an annualized basis and a yield of 2.02%. MutualFirst Financial’s dividend payout ratio is currently 32.37%.
In other MutualFirst Financial news, insider Charles J. Viater sold 1,000 shares of MutualFirst Financial stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $27.80, for a total value of $27,800.00. Following the sale, the insider now directly owns 176,662 shares in the company, valued at approximately $4,911,203.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Charles J. Viater sold 2,777 shares of MutualFirst Financial stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $27.80, for a total transaction of $77,200.60. Following the completion of the sale, the insider now owns 174,162 shares in the company, valued at $4,841,703.60. The disclosure for this sale can be found here. 22.70% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Beese Fulmer Investment Management Inc. bought a new stake in shares of MutualFirst Financial during the second quarter worth about $229,000. Teachers Advisors Inc. bought a new stake in shares of MutualFirst Financial during the second quarter worth about $234,000. Schwab Charles Investment Management Inc. bought a new stake in shares of MutualFirst Financial during the second quarter worth about $277,000. TFS Capital LLC bought a new stake in shares of MutualFirst Financial during the second quarter worth about $289,000. Finally, California State Teachers Retirement System bought a new stake in shares of MutualFirst Financial during the second quarter worth about $312,000. Institutional investors 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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