MutualFirst Financial, Inc. (NASDAQ:MFSF)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $32.98 and traded as high as $39.61. MutualFirst Financial shares last traded at $39.47, with a volume of 2,764 shares changing hands.
A number of research firms recently issued reports on MFSF. BidaskClub cut shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 21st. ValuEngine upgraded shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research cut shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 26th.
The company has a market cap of $336.23 million, a price-to-earnings ratio of 16.20 and a beta of 0.84. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.97 and a current ratio of 0.98. The company has a fifty day moving average of $38.43 and a two-hundred day moving average of $33.16.
MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings data on Monday, October 21st. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.05. The company had revenue of $22.09 million during the quarter, compared to the consensus estimate of $21.90 million. MutualFirst Financial had a return on equity of 10.55% and a net margin of 20.78%. Equities analysts expect that MutualFirst Financial, Inc. will post 2.63 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.20 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.03%. MutualFirst Financial’s dividend payout ratio is 32.92%.
In related news, CEO David Wayne Heeter sold 12,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.95, for a total transaction of $479,400.00. Following the completion of the transaction, the chief executive officer now directly owns 43,690 shares of the company’s stock, valued at approximately $1,745,415.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Christopher D. Cook sold 20,461 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $40.01, for a total value of $818,644.61. Following the transaction, the chief financial officer now directly owns 36,788 shares of the company’s stock, valued at $1,471,887.88. The disclosure for this sale can be found here. Insiders own 27.40% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC increased its holdings in MutualFirst Financial by 3.7% in the second quarter. Ancora Advisors LLC now owns 570,400 shares of the bank’s stock worth $19,417,000 after purchasing an additional 20,405 shares in the last quarter. BlackRock Inc. increased its stake in shares of MutualFirst Financial by 1.2% in the 2nd quarter. BlackRock Inc. now owns 308,065 shares of the bank’s stock valued at $10,487,000 after acquiring an additional 3,704 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of MutualFirst Financial by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 289,778 shares of the bank’s stock valued at $9,864,000 after acquiring an additional 14,196 shares in the last quarter. State Street Corp increased its stake in shares of MutualFirst Financial by 2.6% in the 3rd quarter. State Street Corp now owns 149,272 shares of the bank’s stock valued at $4,705,000 after acquiring an additional 3,792 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of MutualFirst Financial by 2.7% during the 2nd quarter. Northern Trust Corp now owns 74,314 shares of the bank’s stock valued at $2,529,000 after acquiring an additional 1,986 shares during the period. Institutional investors own 48.03% of the company’s stock.
MutualFirst Financial Company Profile (NASDAQ:MFSF)
MutualFirst Financial, Inc operates as the bank holding company for MutualBank that provides various financial services in the United States. It accepts savings deposit, NOW, and demand accounts, as well as certificates of deposit. The company offers one-to-four family residential property, commercial real estate, construction and development, and commercial business loans; consumer loans, such as auto loans, boat and recreational vehicle loans, loans secured by savings deposits, and credit card and unsecured consumer loans; and adjustable rate loans.
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