Jerry Dean Mcvicker Sells 3,599 Shares of MutualFirst Financial Inc. (MFSF) Stock

MutualFirst Financial Inc. (NASDAQ:MFSF) Director Jerry Dean Mcvicker sold 3,599 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $40.03, for a total transaction of $144,067.97. Following the completion of the transaction, the director now owns 36,550 shares of the company’s stock, valued at $1,463,096.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

MutualFirst Financial (NASDAQ:MFSF) last announced its earnings results on Tuesday, October 24th. The bank reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. MutualFirst Financial had a net margin of 18.68% and a return on equity of 9.86%. The company had revenue of $16.70 million for the quarter, compared to analysts’ expectations of $17.00 million.

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MFSF has been the subject of a number of research reports. DA Davidson upgraded shares of MutualFirst Financial from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $29.00 to $34.00 in a research report on Wednesday, July 26th. ValuEngine lowered shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Keefe, Bruyette & Woods restated a “hold” rating and set a $32.00 target price on shares of MutualFirst Financial in a research report on Friday, July 14th. Zacks Investment Research lowered shares of MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 13th. Finally, BidaskClub lowered shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. MutualFirst Financial presently has a consensus rating of “Hold” and an average price target of $36.67.

Institutional investors and hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN boosted its stake in MutualFirst Financial by 16.7% during the 1st 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 boosted its position in shares of MutualFirst Financial by 4.4% during the 1st quarter. Bank of New York Mellon Corp now owns 25,757 shares of the bank’s stock valued at $813,000 after acquiring an additional 1,091 shares during the last quarter. American International Group Inc. boosted its position in shares of MutualFirst Financial by 7.5% during the 1st quarter. American International Group Inc. now owns 3,363 shares of the bank’s stock valued at $106,000 after acquiring an additional 235 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of MutualFirst Financial by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 191,842 shares of the bank’s stock valued at $6,053,000 after acquiring an additional 2,715 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of MutualFirst Financial by 6.6% during the 1st quarter. Renaissance Technologies LLC now owns 166,481 shares of the bank’s stock valued at $5,252,000 after acquiring an additional 10,301 shares during the last quarter. 45.72% of the stock is currently owned by institutional investors.

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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