MutualFirst Financial Inc. (NASDAQ:MFSF) – Equities research analysts at DA Davidson issued their FY2019 earnings per share (EPS) estimates for MutualFirst Financial in a research note issued on Tuesday. DA Davidson analyst K. Reevey expects that the bank will earn $2.54 per share for the year. DA Davidson currently has a “Neutral” rating and a $34.00 target price on the stock.
Several other equities analysts have also commented on the company. ValuEngine lowered MutualFirst Financial from a “buy” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $36.00 target price on shares of MutualFirst Financial in a report on Sunday. Zacks Investment Research lowered MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. TheStreet lowered MutualFirst Financial from a “b-” rating to a “c+” rating in a report on Tuesday, July 25th. Finally, BidaskClub lowered MutualFirst Financial from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $36.67.
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MutualFirst Financial (MFSF) traded down 2.88% during mid-day trading on Thursday, hitting $38.75. The stock had a trading volume of 8,984 shares. MutualFirst Financial has a 52-week low of $26.30 and a 52-week high of $40.15. The stock has a market cap of $286.01 million, a P/E ratio of 20.95 and a beta of 0.36. The firm has a 50-day moving average of $36.86 and a 200-day moving average of $34.55.
MutualFirst Financial (NASDAQ:MFSF) last posted its quarterly earnings data on Tuesday, July 25th. The bank reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.10. The firm had revenue of $16.76 million during the quarter, compared to analysts’ expectations of $16.40 million. MutualFirst Financial had a return on equity of 9.66% and a net margin of 18.53%.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Thursday, September 7th. MutualFirst Financial’s dividend payout ratio (DPR) is presently 34.59%.
In other MutualFirst Financial news, insider David Wayne Heeter sold 1,179 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $35.36, for a total transaction of $41,689.44. Following the transaction, the insider now owns 44,609 shares of the company’s stock, valued at $1,577,374.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Patrick C. Botts sold 2,880 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $35.03, for a total value of $100,886.40. Following the transaction, the chief operating officer now directly owns 25,199 shares in the company, valued at approximately $882,720.97. The disclosure for this sale can be found here. Insiders sold 30,498 shares of company stock worth $1,067,169 in the last three months. 11.30% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN grew its holdings in shares of MutualFirst Financial by 16.7% during the first quarter. Wells Fargo & Company MN now owns 3,490 shares of the bank’s stock worth $110,000 after purchasing an additional 500 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of MutualFirst Financial by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 25,757 shares of the bank’s stock worth $813,000 after purchasing an additional 1,091 shares during the last quarter. American International Group Inc. grew its holdings in shares of MutualFirst Financial by 7.5% during the first quarter. American International Group Inc. now owns 3,363 shares of the bank’s stock worth $106,000 after purchasing an additional 235 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of MutualFirst Financial by 1.4% during the first quarter. Vanguard Group Inc. now owns 191,842 shares of the bank’s stock worth $6,053,000 after purchasing an additional 2,715 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of MutualFirst Financial by 6.6% during the first quarter. Renaissance Technologies LLC now owns 166,481 shares of the bank’s stock worth $5,252,000 after purchasing an additional 10,301 shares during the last quarter. 46.12% of the stock is currently owned by institutional investors.
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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