MutualFirst Financial, Inc. (MFSF) Given Consensus Rating of “Hold” by Brokerages

MutualFirst Financial, Inc. (NASDAQ:MFSF) has been given an average rating of “Hold” by the six ratings firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $38.67.

Several equities research analysts have issued reports on MFSF shares. BidaskClub raised shares of MutualFirst Financial from a “hold” rating to a “buy” rating in a report on Saturday, December 30th. Zacks Investment Research raised shares of MutualFirst Financial from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, December 27th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $39.00 price target on shares of MutualFirst Financial in a report on Friday, December 22nd. Finally, ValuEngine lowered shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a report on Friday, December 1st.

In other news, insider Charles J. Viater sold 1,300 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $39.05, for a total value of $50,765.00. Following the sale, the insider now owns 184,437 shares in the company, valued at approximately $7,202,264.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jerry Dean Mcvicker sold 3,870 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were 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 in the company, valued at approximately $1,434,587.50. The disclosure for this sale can be found here. Insiders sold a total of 7,991 shares of company stock worth $313,137 in the last 90 days. 11.30% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC boosted its stake in shares of MutualFirst Financial by 7.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 16,028 shares of the bank’s stock valued at $572,000 after purchasing an additional 1,107 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of MutualFirst Financial by 112.6% in the 2nd quarter. New York State Common Retirement Fund now owns 8,495 shares of the bank’s stock valued at $303,000 after purchasing an additional 4,499 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of MutualFirst Financial in the 3rd quarter valued at $423,000. Hillsdale Investment Management Inc. boosted its stake in shares of MutualFirst Financial by 47.6% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 21,700 shares of the bank’s stock valued at $834,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of MutualFirst Financial in the 3rd quarter valued at $101,000. Institutional investors own 47.58% of the company’s stock.

Shares of MutualFirst Financial (MFSF) traded down $0.25 during trading on Friday, reaching $35.45. 4,962 shares of the company’s stock traded hands, compared to its average volume of 5,872. The company has a market cap of $260.85, a price-to-earnings ratio of 21.62, a PEG ratio of 2.98 and a beta of 0.18. 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 12-month low of $29.50 and a 12-month high of $40.50.

MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings results on Friday, February 2nd. The bank reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). The business had revenue of $17.04 million during the quarter, compared to the consensus estimate of $17.20 million. MutualFirst Financial had a net margin of 16.00% and a return on equity of 9.78%. sell-side analysts forecast that MutualFirst Financial will post 2.37 EPS for the current year.

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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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