MutualFirst Financial Inc. (MFSF) Holdings Held by California Public Employees Retirement System

California Public Employees Retirement System held its position in MutualFirst Financial Inc. (NASDAQ:MFSF) during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 27,574 shares of the bank’s stock at the close of the second quarter. California Public Employees Retirement System owned 0.38% of MutualFirst Financial worth $984,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. American International Group Inc. lifted its position in MutualFirst Financial by 7.5% during the 1st quarter. American International Group Inc. now owns 3,363 shares of the bank’s stock valued at $106,000 after purchasing an additional 235 shares during the period. Wells Fargo & Company MN lifted its position in MutualFirst Financial by 16.7% during the 1st quarter. Wells Fargo & Company MN now owns 3,490 shares of the bank’s stock valued at $110,000 after purchasing an additional 500 shares during the period. Nationwide Fund Advisors lifted its position in MutualFirst Financial by 9.7% during the 2nd quarter. Nationwide Fund Advisors now owns 3,371 shares of the bank’s stock valued at $120,000 after purchasing an additional 298 shares during the period. Bank of America Corp DE lifted its position in MutualFirst Financial by 424.4% during the 1st quarter. Bank of America Corp DE now owns 3,933 shares of the bank’s stock valued at $124,000 after purchasing an additional 3,183 shares during the period. Finally, SG Americas Securities LLC lifted its position in MutualFirst Financial by 10.7% during the 2nd quarter. SG Americas Securities LLC now owns 5,992 shares of the bank’s stock valued at $214,000 after purchasing an additional 578 shares during the period. Institutional investors own 45.70% of the company’s stock.

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Shares of MutualFirst Financial Inc. (NASDAQ:MFSF) opened at $37.25 on Monday. The firm has a market cap of $275.26, a P/E ratio of 19.81, a P/E/G ratio of 3.87 and a beta of 0.36. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.01 and a quick ratio of 1.01. MutualFirst Financial Inc. has a 52-week low of $27.20 and a 52-week high of $40.50.

MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.01. The business had revenue of $16.70 million for the quarter, compared to the consensus estimate of $17.00 million. MutualFirst Financial had a net margin of 18.68% and a return on equity of 9.73%. research analysts predict that MutualFirst Financial Inc. will post 1.93 earnings per share for the current fiscal year.

In related news, Director Jerry Dean Mcvicker sold 3,599 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $40.03, for a total value of $144,067.97. Following the sale, the director now directly owns 36,550 shares in the company, valued at approximately $1,463,096.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles J. Viater sold 710 shares of the stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $39.95, for a total transaction of $28,364.50. Following the completion of the sale, the insider now owns 188,452 shares in the company, valued at $7,528,657.40. The disclosure for this sale can be found here. Insiders sold a total of 6,285 shares of company stock worth $250,564 over the last quarter. 11.30% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on the stock. ValuEngine upgraded shares of MutualFirst Financial from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 13th. DA Davidson upgraded shares of MutualFirst Financial from an “underperform” rating to a “neutral” rating and upped their target price for the company from $29.00 to $34.00 in a research report on Wednesday, July 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $36.00 target price on shares of MutualFirst Financial in a research report on Sunday, October 8th. Finally, TheStreet downgraded shares of MutualFirst Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $36.67.

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.

Institutional Ownership by Quarter for MutualFirst Financial (NASDAQ:MFSF)

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