MutualFirst Financial (NASDAQ:MFSF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “MutualFirst Financial, Inc. is the holding company of Mutual Federal Savings Bank. “

Other analysts also recently issued research reports about the stock. TheStreet raised shares of MutualFirst Financial from a “c+” rating to a “b-” rating in a report on Friday, May 18th. BidaskClub raised shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $38.67.

Shares of MFSF stock opened at $38.05 on Wednesday. The stock has a market cap of $323.70 million, a P/E ratio of 19.92, a P/E/G ratio of 3.19 and a beta of 0.17. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.30. MutualFirst Financial has a 52 week low of $31.05 and a 52 week high of $40.50.

MutualFirst Financial (NASDAQ:MFSF) last announced its earnings results on Friday, April 27th. The bank reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. The business had revenue of $18.02 million during the quarter, compared to the consensus estimate of $19.45 million. MutualFirst Financial had a net margin of 16.42% and a return on equity of 9.79%. research analysts forecast that MutualFirst Financial will post 2.36 EPS for the current year.

In other MutualFirst Financial news, insider Charles J. Viater sold 4,353 shares of the business’s stock in a transaction dated Wednesday, May 23rd. The shares were sold at an average price of $38.18, for a total value of $166,197.54. Following the completion of the sale, the insider now owns 174,377 shares of the company’s stock, valued at approximately $6,657,713.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles J. Viater sold 2,225 shares of the business’s stock in a transaction dated Monday, May 21st. The shares were sold at an average price of $37.65, for a total transaction of $83,771.25. Following the completion of the sale, the insider now directly owns 176,970 shares of the company’s stock, valued at approximately $6,662,920.50. The disclosure for this sale can be found here. Insiders sold a total of 10,053 shares of company stock valued at $380,765 in the last three months. Insiders own 11.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of MFSF. MetLife Investment Advisors LLC bought a new stake in shares of MutualFirst Financial during the 4th quarter worth approximately $125,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of MutualFirst Financial by 23.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 12,500 shares of the bank’s stock worth $482,000 after acquiring an additional 2,400 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of MutualFirst Financial by 59.4% during the 4th quarter. Wells Fargo & Company MN now owns 15,074 shares of the bank’s stock worth $581,000 after acquiring an additional 5,619 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of MutualFirst Financial by 13.7% during the 4th quarter. Bank of New York Mellon Corp now owns 31,437 shares of the bank’s stock worth $1,212,000 after acquiring an additional 3,783 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of MutualFirst Financial by 17.0% during the 4th quarter. Deutsche Bank AG now owns 36,365 shares of the bank’s stock worth $1,399,000 after acquiring an additional 5,292 shares during the period. 42.74% of the stock is owned by hedge funds and other institutional investors.

About MutualFirst Financial

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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