MutualFirst Financial Inc. (NASDAQ:MFSF) COO Patrick C. Botts sold 5,859 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $35.17, for a total transaction of $206,061.03. Following the sale, the chief operating officer now directly owns 27,017 shares in the company, valued at $950,187.89. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
MutualFirst Financial Inc. (NASDAQ:MFSF) traded down 1.16% on Friday, hitting $34.15. 15,456 shares of the company traded hands. The stock’s 50-day moving average is $34.46 and its 200 day moving average is $33.16. MutualFirst Financial Inc. has a 12 month low of $26.30 and a 12 month high of $36.90. The stock has a market cap of $252.06 million, a PE ratio of 18.46 and a beta of 0.35.
MutualFirst Financial (NASDAQ:MFSF) last announced its earnings results on Tuesday, July 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.10. The company had revenue of $16.76 million during the quarter, compared to analysts’ expectations of $16.40 million. MutualFirst Financial had a net margin of 18.53% and a return on equity of 9.66%. Equities research analysts expect that MutualFirst Financial Inc. will post $1.93 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Thursday, September 7th. MutualFirst Financial’s payout ratio is currently 34.59%.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. ValuEngine raised shares of MutualFirst Financial from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. TheStreet lowered shares of MutualFirst Financial from a “b-” rating to a “c+” rating in a research note on Tuesday, July 25th. BidaskClub lowered shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $32.00 target price on shares of MutualFirst Financial in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. MutualFirst Financial presently has an average rating of “Hold” and a consensus price target of $35.33.
A number of institutional investors have recently made changes to their positions in the company. State Street Corp boosted its position in shares of MutualFirst Financial by 96.5% in the second quarter. State Street Corp now owns 133,260 shares of the bank’s stock worth $4,761,000 after buying an additional 65,441 shares during the last quarter. Bowling Portfolio Management LLC acquired a new position in shares of MutualFirst Financial during the first quarter worth about $630,000. Renaissance Technologies LLC boosted its position in shares of MutualFirst Financial by 13.0% in the fourth quarter. Renaissance Technologies LLC now owns 156,180 shares of the bank’s stock worth $5,170,000 after buying an additional 17,980 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of MutualFirst Financial during the second quarter worth about $525,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of MutualFirst Financial by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 398,647 shares of the bank’s stock worth $14,232,000 after buying an additional 10,625 shares during the last quarter. Institutional investors own 45.79% of the company’s stock.
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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