MutualFirst Financial Inc. (NASDAQ:MFSF) Director Jerry Dean Mcvicker sold 3,870 shares of MutualFirst Financial stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $39.25, for a total transaction of $151,897.50. Following the completion of the sale, the director now owns 36,550 shares of the company’s stock, valued at approximately $1,434,587.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Jerry Dean Mcvicker also recently made the following trade(s):
- On Friday, October 27th, Jerry Dean Mcvicker sold 3,599 shares of MutualFirst Financial stock. The shares were sold at an average price of $40.03, for a total transaction of $144,067.97.
Shares of MutualFirst Financial Inc. (NASDAQ MFSF) opened at $37.70 on Wednesday. The stock has a market cap of $277.47, a P/E ratio of 19.97, a P/E/G ratio of 3.86 and a beta of 0.33. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.44. MutualFirst Financial Inc. has a 1-year low of $28.50 and a 1-year high of $40.50.
MutualFirst Financial (NASDAQ:MFSF) last posted its earnings results on Tuesday, October 24th. The bank reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. MutualFirst Financial had a net margin of 18.68% and a return on equity of 9.73%. The firm had revenue of $16.70 million for the quarter, compared to analyst estimates of $17.00 million. research analysts anticipate that MutualFirst Financial Inc. will post 1.94 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be given a $0.18 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.91%. This is an increase from MutualFirst Financial’s previous quarterly dividend of $0.16. MutualFirst Financial’s payout ratio is 34.04%.
Several hedge funds and other institutional investors have recently modified their holdings of MFSF. State Street Corp lifted its position in shares of MutualFirst Financial by 96.5% in the 2nd quarter. State Street Corp now owns 133,260 shares of the bank’s stock worth $4,761,000 after purchasing an additional 65,441 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of MutualFirst Financial by 4.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 417,640 shares of the bank’s stock worth $16,058,000 after purchasing an additional 18,993 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of MutualFirst Financial in the 2nd quarter worth approximately $525,000. Macquarie Group Ltd. acquired a new position in shares of MutualFirst Financial in the 3rd quarter worth approximately $423,000. Finally, Northern Trust Corp lifted its position in shares of MutualFirst Financial by 16.1% during the 2nd quarter. Northern Trust Corp now owns 71,373 shares of the bank’s stock valued at $2,549,000 after acquiring an additional 9,877 shares during the period. Hedge funds and other institutional investors own 47.49% of the company’s stock.
Several research firms have commented on MFSF. ValuEngine lowered shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research lowered shares of MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, October 13th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $36.00 target price on shares of MutualFirst Financial in a report on Sunday, October 8th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $36.67.
About MutualFirst Financial
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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