David Wayne Heeter also recently made the following trade(s):
MutualFirst Financial Inc. (NASDAQ:MFSF) insider David Wayne Heeter sold 1,179 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $35.36, for a total transaction of $41,689.44. Following the sale, the insider now directly owns 44,609 shares of the company’s stock, valued at approximately $1,577,374.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
MutualFirst Financial Inc. (MFSF) opened at 34.80 on Wednesday. MutualFirst Financial Inc. has a 52 week low of $26.30 and a 52 week high of $36.90. The company’s 50 day moving average price is $34.70 and its 200-day moving average price is $32.78. The company has a market capitalization of $255.57 million, a P/E ratio of 18.81 and a beta of 0.35.
MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.10. The company had revenue of $16.76 million during the quarter, compared to analysts’ expectations of $16.40 million. MutualFirst Financial had a return on equity of 9.74% and a net margin of 18.53%. Equities research analysts expect that MutualFirst Financial Inc. will post $1.94 earnings per share for the current year.
Several equities research analysts have recently commented on the stock. TheStreet lowered shares of MutualFirst Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded MutualFirst Financial from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research note on Saturday. BidaskClub downgraded MutualFirst Financial from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. ValuEngine upgraded MutualFirst Financial from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $32.00 price objective on shares of MutualFirst Financial in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. MutualFirst Financial has a consensus rating of “Hold” and a consensus target price of $35.33.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its position in shares of MutualFirst Financial by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 381,428 shares of the bank’s stock valued at $12,625,000 after buying an additional 2,824 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of MutualFirst Financial during the fourth quarter valued at $148,000. Bowling Portfolio Management LLC bought a new position in shares of MutualFirst Financial during the first quarter valued at $630,000. Renaissance Technologies LLC boosted its position in shares of MutualFirst Financial by 13.0% in the fourth quarter. Renaissance Technologies LLC now owns 156,180 shares of the bank’s stock valued at $5,170,000 after buying an additional 17,980 shares in the last quarter. Finally, State Street Corp boosted its position in shares of MutualFirst Financial by 12.7% in the fourth quarter. State Street Corp now owns 67,115 shares of the bank’s stock valued at $2,222,000 after buying an additional 7,559 shares in the last quarter. Institutional investors own 45.95% 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.