MutualFirst Financial Inc. (MFSF) to Issue Quarterly Dividend of $0.16
MutualFirst Financial Inc. (NASDAQ:MFSF) declared a quarterly dividend on Monday, November 21st. Investors of record on Friday, December 9th will be given a dividend of 0.16 per share on Friday, December 23rd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Wednesday, December 7th. This is a boost from MutualFirst Financial’s previous quarterly dividend of $0.14.
MutualFirst Financial (NASDAQ:MFSF) traded down 2.02% on Monday, hitting $29.15. The company had a trading volume of 17,102 shares. The stock has a market capitalization of $213.49 million, a PE ratio of 16.56 and a beta of 0.47. MutualFirst Financial has a one year low of $21.20 and a one year high of $30.00. The stock has a 50 day moving average of $27.62 and a 200-day moving average of $27.42.
MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06. MutualFirst Financial had a return on equity of 9.49% and a net margin of 18.41%. Equities analysts anticipate that MutualFirst Financial will post $1.75 EPS for the current year.
In other news, insider Charles J. Viater sold 2,777 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $27.80, for a total value of $77,200.60. Following the transaction, the insider now owns 174,162 shares in the company, valued at $4,841,703.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles J. Viater sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $28.05, for a total value of $56,100.00. Following the completion of the transaction, the insider now owns 171,162 shares in the company, valued at approximately $4,801,094.10. The disclosure for this sale can be found here. 22.70% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System raised its position in MutualFirst Financial by 0.9% in the third quarter. California State Teachers Retirement System now owns 11,511 shares of the company’s stock worth $319,000 after buying an additional 100 shares in the last quarter. Bank of New York Mellon Corp raised its position in MutualFirst Financial by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 20,061 shares of the company’s stock worth $557,000 after buying an additional 335 shares in the last quarter. BlackRock Advisors LLC raised its position in MutualFirst Financial by 18.0% in the third quarter. BlackRock Advisors LLC now owns 3,699 shares of the company’s stock worth $103,000 after buying an additional 563 shares in the last quarter. Dimensional Fund Advisors LP raised its position in 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 in the last quarter. Finally, Teachers Advisors Inc. bought a new position in MutualFirst Financial during the second quarter worth $234,000. Institutional investors own 45.78% of the company’s stock.
MFSF has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their price target on MutualFirst Financial from $26.00 to $27.00 and gave the stock 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 target on the stock in a report on Saturday, July 30th.
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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