MutualFirst Financial Inc. (NASDAQ:MFSF) declared a quarterly dividend on Friday, November 17th, Wall Street Journal reports. Stockholders of record on Friday, December 8th will be given a dividend of 0.18 per share by the bank on Friday, December 22nd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Thursday, December 7th. This is an increase from MutualFirst Financial’s previous quarterly dividend of $0.16.

Shares of MutualFirst Financial (NASDAQ:MFSF) opened at $37.70 on Wednesday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $277.47, a price-to-earnings ratio of 19.97, a P/E/G ratio of 3.86 and a beta of 0.33. MutualFirst Financial has a 12 month low of $28.50 and a 12 month high of $40.50.

MutualFirst Financial (NASDAQ:MFSF) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The firm had revenue of $16.70 million during the quarter, compared to analysts’ expectations of $17.00 million. MutualFirst Financial had a return on equity of 9.73% and a net margin of 18.68%. analysts anticipate that MutualFirst Financial will post 1.94 earnings per share for the current fiscal year.

In other MutualFirst Financial news, Director Jerry Dean Mcvicker sold 3,599 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $40.03, for a total value of $144,067.97. Following the completion of the sale, the director now directly owns 36,550 shares in the company, valued at $1,463,096.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Charles J. Viater sold 710 shares of the stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $39.95, for a total value of $28,364.50. Following the completion of the transaction, the insider now directly owns 188,452 shares in the company, valued at $7,528,657.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,694 shares of company stock valued at $501,101. 11.30% of the stock is currently owned by company insiders.

A number of equities research analysts recently weighed in on MFSF shares. ValuEngine upgraded MutualFirst Financial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $36.00 price objective on shares of MutualFirst Financial in a research note on Sunday, October 8th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $36.67.

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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.

Dividend History for MutualFirst Financial (NASDAQ:MFSF)

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