MutualFirst Financial (NASDAQ:MFSF) Rating Lowered to Hold at BidaskClub

BidaskClub downgraded shares of MutualFirst Financial (NASDAQ:MFSF) from a buy rating to a hold rating in a research report sent to investors on Thursday, BidAskClub reports.

Separately, Zacks Investment Research upgraded HB Fuller from a sell rating to a hold rating in a report on Wednesday, July 3rd. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. MutualFirst Financial currently has a consensus rating of Hold and a consensus target price of $34.00.

MutualFirst Financial stock opened at $32.00 on Thursday. The business’s fifty day moving average is $31.34. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $275.76 million, a price-to-earnings ratio of 13.01, a P/E/G ratio of 2.50 and a beta of 0.72. MutualFirst Financial has a twelve month low of $24.28 and a twelve month high of $38.90.

MutualFirst Financial (NASDAQ:MFSF) last posted its earnings results on Tuesday, April 23rd. The bank reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. The company had revenue of $21.13 million during the quarter, compared to analyst estimates of $20.75 million. MutualFirst Financial had a return on equity of 10.72% and a net margin of 19.24%. Research analysts anticipate that MutualFirst Financial will post 2.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.50%. MutualFirst Financial’s dividend payout ratio is currently 32.92%.

In other news, Director Michael J. Marien sold 3,800 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $30.90, for a total transaction of $117,420.00. Following the completion of the sale, the director now owns 51,750 shares in the company, valued at approximately $1,599,075. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark L. Barkley sold 5,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $31.11, for a total value of $155,550.00. Following the sale, the director now owns 197,745 shares of the company’s stock, valued at approximately $6,151,846.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,125 shares of company stock valued at $283,126. 27.40% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of MutualFirst Financial by 2.8% during the 4th quarter. BlackRock Inc. now owns 311,356 shares of the bank’s stock valued at $8,273,000 after purchasing an additional 8,581 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of MutualFirst Financial by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 61,886 shares of the bank’s stock valued at $1,644,000 after purchasing an additional 2,727 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of MutualFirst Financial by 44.5% during the 4th quarter. Rhumbline Advisers now owns 7,998 shares of the bank’s stock valued at $213,000 after purchasing an additional 2,463 shares during the last quarter. Kessler Investment Group LLC lifted its holdings in shares of MutualFirst Financial by 23.8% during the 1st quarter. Kessler Investment Group LLC now owns 4,799 shares of the bank’s stock valued at $144,000 after purchasing an additional 924 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of MutualFirst Financial during the 1st quarter valued at $142,000. Hedge funds and other institutional investors own 47.54% of the company’s stock.

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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