MutualFirst Financial, Inc. (NASDAQ:MFSF) Director Sells $10,156.25 in Stock

MutualFirst Financial, Inc. (NASDAQ:MFSF) Director Michael J. Marien sold 325 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $31.25, for a total transaction of $10,156.25. Following the completion of the transaction, the director now owns 51,425 shares of the company’s stock, valued at $1,607,031.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of NASDAQ:MFSF opened at $31.41 on Monday. The company has a market cap of $270.67 million, a P/E ratio of 12.93, a price-to-earnings-growth ratio of 2.45 and a beta of 0.64. MutualFirst Financial, Inc. has a 1-year low of $24.28 and a 1-year high of $40.00. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.30.

MutualFirst Financial (NASDAQ:MFSF) last issued its earnings results on Tuesday, April 23rd. The bank reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The firm had revenue of $21.13 million during the quarter, compared to analysts’ expectations of $20.75 million. MutualFirst Financial had a net margin of 19.24% and a return on equity of 10.72%. As a group, sell-side analysts anticipate that MutualFirst Financial, Inc. will post 2.57 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Thursday, June 13th. MutualFirst Financial’s payout ratio is 32.92%.

Several research firms have recently issued reports on MFSF. BidaskClub cut shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a report on Wednesday, June 5th. Zacks Investment Research upgraded shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. MutualFirst Financial presently has a consensus rating of “Hold” and a consensus price target of $34.00.

Large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its holdings in MutualFirst Financial by 510.5% during the first quarter. BNP Paribas Arbitrage SA now owns 1,221 shares of the bank’s stock worth $37,000 after buying an additional 1,021 shares in the last quarter. Bank of America Corp DE boosted its holdings in MutualFirst Financial by 80.6% during the fourth quarter. Bank of America Corp DE now owns 3,945 shares of the bank’s stock worth $106,000 after buying an additional 1,761 shares in the last quarter. SG Americas Securities LLC bought a new stake in MutualFirst Financial during the first quarter worth approximately $142,000. Kessler Investment Group LLC boosted its holdings in MutualFirst Financial by 23.8% during the first quarter. Kessler Investment Group LLC now owns 4,799 shares of the bank’s stock worth $144,000 after buying an additional 924 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in MutualFirst Financial by 44.5% during the fourth quarter. Rhumbline Advisers now owns 7,998 shares of the bank’s stock worth $213,000 after buying an additional 2,463 shares in the last quarter. Hedge funds and other institutional investors own 47.54% of the company’s stock.

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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