MutualFirst Financial Inc. (NASDAQ:MFSF) insider Charles J. Viater sold 4,353 shares of MutualFirst Financial stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $38.18, for a total value of $166,197.54. Following the sale, the insider now directly owns 174,377 shares in the company, valued at approximately $6,657,713.86. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of NASDAQ:MFSF traded down $0.60 during trading on Thursday, hitting $38.15. 8,398 shares of the stock were exchanged, compared to its average volume of 7,825. MutualFirst Financial Inc. has a 1-year low of $31.05 and a 1-year high of $40.50. The firm has a market capitalization of $324.56 million, a PE ratio of 19.97, a PEG ratio of 3.15 and a beta of 0.19. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.30.
MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings data on Friday, April 27th. The bank reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.07. The company had revenue of $18.02 million for the quarter, compared to analyst estimates of $19.45 million. MutualFirst Financial had a return on equity of 9.79% and a net margin of 16.42%. sell-side analysts predict that MutualFirst Financial Inc. will post 2.4 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 22nd. Investors of record on Friday, June 8th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $0.72 annualized dividend and a dividend yield of 1.89%. MutualFirst Financial’s dividend payout ratio (DPR) is presently 37.70%.
Several brokerages have recently weighed in on MFSF. TheStreet raised MutualFirst Financial from a “c+” rating to a “b-” rating in a report on Friday, May 18th. Zacks Investment Research raised MutualFirst Financial from a “sell” rating to a “hold” rating in a report on Friday, May 18th. Finally, BidaskClub raised MutualFirst Financial from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Five analysts have rated the stock with a hold rating, MutualFirst Financial currently has an average rating of “Hold” and a consensus price target of $38.67.
Several institutional investors have recently bought and sold shares of MFSF. MetLife Investment Advisors LLC bought a new position in shares of MutualFirst Financial during the 4th quarter worth approximately $125,000. Creative Planning bought a new position in shares of MutualFirst Financial during the 4th quarter worth approximately $231,000. Bessemer Group Inc. lifted its position in shares of MutualFirst Financial by 34.9% during the 4th quarter. Bessemer Group Inc. now owns 8,500 shares of the bank’s stock worth $328,000 after buying an additional 2,200 shares during the period. Wells Fargo & Company MN lifted its position in shares of MutualFirst Financial by 170.8% during the 3rd quarter. Wells Fargo & Company MN now owns 9,455 shares of the bank’s stock worth $363,000 after buying an additional 5,964 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of MutualFirst Financial by 23.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 12,500 shares of the bank’s stock worth $482,000 after buying an additional 2,400 shares during the period. Institutional investors and hedge funds own 42.74% 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.
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