MutualFirst Financial Inc. (NASDAQ:MFSF) announced a quarterly dividend on Monday, May 7th, Wall Street Journal reports. Investors of record on Friday, June 8th will be paid a dividend of 0.18 per share by the bank on Friday, June 22nd. This represents a $0.72 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, June 7th.
Shares of MFSF stock opened at $37.65 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.47. MutualFirst Financial has a twelve month low of $31.05 and a twelve month high of $40.50. The firm has a market cap of $318.56 million, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 3.16 and a beta of 0.19.
MutualFirst Financial (NASDAQ:MFSF) last posted its earnings results on Friday, April 27th. The bank reported $0.57 EPS for the quarter, beating the consensus estimate of $0.50 by $0.07. The firm had revenue of $18.02 million during the quarter, compared to the consensus estimate of $19.45 million. MutualFirst Financial had a return on equity of 10.48% and a net margin of 16.42%. research analysts expect that MutualFirst Financial will post 2.35 earnings per share for the current fiscal year.
In other news, Director Michael J. Marien sold 2,600 shares of the stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $36.22, for a total value of $94,172.00. Following the completion of the sale, the director now owns 59,492 shares of the company’s stock, valued at $2,154,800.24. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael J. Marien sold 2,964 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $36.51, for a total value of $108,215.64. Following the completion of the sale, the director now directly owns 55,759 shares of the company’s stock, valued at approximately $2,035,761.09. The disclosure for this sale can be found here. Insiders sold 12,734 shares of company stock valued at $464,490 over the last quarter. Corporate insiders own 28.00% of the company’s stock.
MFSF has been the subject of several research reports. BidaskClub downgraded MutualFirst Financial from a “hold” rating to a “sell” rating in a research report on Saturday, March 10th. Zacks Investment Research downgraded MutualFirst Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Five investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus target price of $38.67.
MutualFirst Financial Company Profile
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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