Zacks Investment Research upgraded shares of MutualFirst Financial Inc. (NASDAQ:MFSF) from a hold rating to a buy rating in a report released on Tuesday. They currently have $37.00 price target on the stock.
According to Zacks, “MutualFirst Financial, Inc. is the holding company of Mutual Federal Savings Bank. “
Separately, DA Davidson reaffirmed a sell rating and set a $24.00 target price on shares of MutualFirst Financial in a research report on Friday, November 25th.
MutualFirst Financial (NASDAQ:MFSF) traded up 1.27% during mid-day trading on Tuesday, reaching $31.90. The company’s stock had a trading volume of 855 shares. The company has a market capitalization of $233.64 million, a price-to-earnings ratio of 18.12 and a beta of 0.34. MutualFirst Financial has a one year low of $21.20 and a one year high of $36.75. The stock has a 50-day moving average price of $31.73 and a 200-day moving average price of $29.05.
MutualFirst Financial (NASDAQ:MFSF) last announced its earnings results on Wednesday, February 1st. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. MutualFirst Financial had a return on equity of 9.33% and a net margin of 18.08%. Equities research analysts forecast that MutualFirst Financial will post $1.72 EPS for the current year.
In other news, Director Michael J. Marien sold 3,466 shares of the stock in a transaction on Monday, February 6th. The stock was sold at an average price of $32.50, for a total transaction of $112,645.00. Following the completion of the sale, the director now owns 76,726 shares in the company, valued at approximately $2,493,595. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Charles J. Viater sold 2,000 shares of the stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $28.05, for a total value of $56,100.00. Following the sale, the insider now owns 171,162 shares of the company’s stock, valued at approximately $4,801,094.10. The disclosure for this sale can be found here. Corporate insiders own 22.70% of the company’s stock.
Several hedge funds have recently modified their holdings of MFSF. Bessemer Group Inc. raised its position in shares of MutualFirst Financial by 32.3% in the fourth quarter. Bessemer Group Inc. now owns 4,100 shares of the company’s stock worth $136,000 after buying an additional 1,000 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of MutualFirst Financial during the fourth quarter worth about $148,000. James Investment Research Inc. raised its position in shares of MutualFirst Financial by 16.2% in the third quarter. James Investment Research Inc. now owns 26,875 shares of the company’s stock worth $745,000 after buying an additional 3,750 shares during the period. Schwab Charles Investment Management Inc. purchased a new position in shares of MutualFirst Financial during the second quarter worth about $277,000. Finally, California State Teachers Retirement System purchased a new position in shares of MutualFirst Financial during the second quarter worth about $312,000. Hedge funds and other institutional investors own 45.72% of the company’s stock.
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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