MutualFirst Financial Inc. (MFSF) Insider Charles J. Viater Sells 2,000 Shares of Stock
MutualFirst Financial Inc. (NASDAQ:MFSF) insider Charles J. Viater sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $28.05, for a total value of $56,100.00. Following the transaction, the insider now owns 171,162 shares in the company, valued at $4,801,094.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
MutualFirst Financial Inc. (NASDAQ:MFSF) traded up 0.71% on Thursday, reaching $28.30. The company had a trading volume of 4,330 shares. MutualFirst Financial Inc. has a 52-week low of $21.20 and a 52-week high of $28.99. The stock has a 50 day moving average price of $27.52 and a 200 day moving average price of $27.39. The stock has a market capitalization of $207.27 billion, a PE ratio of 16.08 and a beta of 0.47.
MutualFirst Financial (NASDAQ:MFSF) last issued its earnings results on Tuesday, October 25th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.06. MutualFirst Financial had a net margin of 18.41% and a return on equity of 9.49%. Analysts expect that MutualFirst Financial Inc. will post $1.75 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Maltese Capital Management LLC boosted its position in shares of MutualFirst Financial by 85.5% in the second quarter. Maltese Capital Management LLC now owns 385,200 shares of the company’s stock worth $10,535,000 after buying an additional 177,600 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of MutualFirst Financial by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 378,257 shares of the company’s stock worth $10,345,000 after buying an additional 1,247 shares during the period. Vanguard Group Inc. boosted its position in shares of MutualFirst Financial by 7.2% in the second quarter. Vanguard Group Inc. now owns 183,396 shares of the company’s stock worth $5,016,000 after buying an additional 12,343 shares during the period. BlackRock Fund Advisors boosted its position in shares of MutualFirst Financial by 12,274.3% in the second quarter. BlackRock Fund Advisors now owns 128,074 shares of the company’s stock worth $3,503,000 after buying an additional 127,039 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in shares of MutualFirst Financial during the third quarter worth about $2,947,000. 45.78% of the stock is owned by institutional investors.
A number of research analysts recently commented on the company. Keefe, Bruyette & Woods upped their price objective on MutualFirst Financial from $26.00 to $27.00 and gave the company a “market perform” rating in a report on Wednesday, July 27th. Zacks Investment Research upgraded MutualFirst Financial from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective on the stock in a report on Saturday, July 30th. Finally, DA Davidson assumed coverage on MutualFirst Financial in a report on Thursday, July 21st. They issued an “underperform” rating and a $24.00 price objective on the 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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