Insider Selling: MutualFirst Financial Inc. (MFSF) Insider Sells 1,000 Shares of Stock
MutualFirst Financial Inc. (NASDAQ:MFSF) insider Charles J. Viater sold 1,000 shares of MutualFirst Financial stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $39.05, for a total value of $39,050.00. Following the completion of the sale, the insider now owns 182,937 shares of the company’s stock, valued at $7,143,689.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
MutualFirst Financial Inc. (NASDAQ MFSF) traded up $0.35 during midday trading on Wednesday, hitting $38.45. The stock had a trading volume of 5,956 shares, compared to its average volume of 9,475. The company has a market capitalization of $281.54, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 4.01 and a beta of 0.33. MutualFirst Financial Inc. has a 52-week low of $29.20 and a 52-week high of $40.50. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.01.
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, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The company had revenue of $16.70 million for 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%. equities analysts expect that MutualFirst Financial Inc. will post 1.94 EPS for the current year.
Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of MutualFirst Financial by 4.8% during the third quarter. Dimensional Fund Advisors LP now owns 417,640 shares of the bank’s stock valued at $16,058,000 after buying an additional 18,993 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of MutualFirst Financial by 0.8% during the second quarter. Vanguard Group Inc. now owns 193,315 shares of the bank’s stock valued at $6,901,000 after buying an additional 1,473 shares during the last quarter. State Street Corp boosted its position in 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 purchasing an additional 65,441 shares during the last quarter. Northern Trust Corp boosted its position in MutualFirst Financial by 16.1% in the second quarter. Northern Trust Corp now owns 71,373 shares of the bank’s stock worth $2,549,000 after purchasing an additional 9,877 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in MutualFirst Financial by 2.2% in the first quarter. Geode Capital Management LLC now owns 48,370 shares of the bank’s stock worth $1,526,000 after purchasing an additional 1,062 shares during the last quarter. 47.49% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on MFSF shares. ValuEngine upgraded MutualFirst Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub downgraded MutualFirst Financial from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Zacks Investment Research downgraded MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, October 13th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $36.00 target price on shares of MutualFirst Financial in a report on Sunday, October 8th. Five equities research analysts have rated the stock with a hold rating, MutualFirst Financial presently has a consensus rating of “Hold” and an average target price of $36.67.
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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