Charles J. Viater Sells 423 Shares of MutualFirst Financial Inc. (MFSF) Stock
MutualFirst Financial Inc. (NASDAQ:MFSF) insider Charles J. Viater sold 423 shares of the stock in a transaction that occurred on Friday, September 16th. The shares were sold at an average price of $27.75, for a total transaction of $11,738.25. Following the completion of the sale, the insider now directly owns 176,239 shares of the company’s stock, valued at approximately $4,890,632.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of MutualFirst Financial Inc. (NASDAQ:MFSF) opened at 27.71 on Thursday. The firm has a market cap of $202.95 million, a P/E ratio of 16.11 and a beta of 0.58. MutualFirst Financial Inc. has a 52-week low of $21.20 and a 52-week high of $28.99. The stock’s 50 day moving average is $27.65 and its 200-day moving average is $26.88.
MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.18. MutualFirst Financial had a return on equity of 9.44% and a net margin of 18.35%. Equities analysts anticipate that MutualFirst Financial Inc. will post $1.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, September 7th. This represents a $0.56 annualized dividend and a dividend yield of 2.02%. MutualFirst Financial’s dividend payout ratio is 32.37%.
Several analysts have issued reports on the stock. DA Davidson assumed coverage on shares of MutualFirst Financial in a research report on Thursday, July 21st. They issued an “underperform” rating and a $24.00 price objective for the company. Zacks Investment Research raised shares of MutualFirst Financial from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a research report on Saturday, July 30th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of MutualFirst Financial from $26.00 to $27.00 and gave the company a “market perform” rating in a research report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $28.00.
Several large investors have recently made changes to their positions in MFSF. James Investment Research Inc. raised its stake in shares of MutualFirst Financial by 19.3% in the second quarter. James Investment Research Inc. now owns 23,125 shares of the company’s stock valued at $632,000 after buying an additional 3,740 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of MutualFirst Financial by 6.4% in the first quarter. Renaissance Technologies LLC now owns 116,800 shares of the company’s stock valued at $2,943,000 after buying an additional 7,000 shares in the last quarter. First Merchants Corp purchased a new stake in shares of MutualFirst Financial during the second quarter valued at about $1,095,000. Pinnacle Holdings LLC raised its stake in shares of MutualFirst Financial by 6.4% in the first quarter. Pinnacle Holdings LLC now owns 33,928 shares of the company’s stock valued at $855,000 after buying an additional 2,050 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of MutualFirst Financial by 3.5% in the first quarter. Geode Capital Management LLC now owns 34,717 shares of the company’s stock valued at $874,000 after buying an additional 1,182 shares in the last quarter. Institutional investors and hedge funds own 46.50% of the company’s 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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