MutualFirst Financial, Inc. (NASDAQ:MFSF) announced a quarterly dividend on Monday, May 8th. Stockholders of record on Friday, June 9th will be given a dividend of 0.16 per share by the bank on Friday, June 23rd. This represents a $0.64 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Wednesday, June 7th.
Shares of MutualFirst Financial (NASDAQ:MFSF) traded up 1.7653% during trading on Friday, hitting $34.0405. 2,135 shares of the company were exchanged. MutualFirst Financial has a 12 month low of $24.56 and a 12 month high of $36.75. The stock has a market cap of $249.99 million, a P/E ratio of 18.0874 and a beta of 0.34. The company’s 50-day moving average price is $32.51 and its 200 day moving average price is $31.19.
MutualFirst Financial (NASDAQ:MFSF) last issued its quarterly earnings data on Tuesday, April 25th. The bank reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The firm had revenue of $15.84 million for the quarter, compared to the consensus estimate of $15.70 million. MutualFirst Financial had a net margin of 18.08% and a return on equity of 9.33%. On average, equities analysts predict that MutualFirst Financial will post $1.80 earnings per share for the current fiscal year.
In other MutualFirst Financial news, Director Michael J. Marien sold 922 shares of the business’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $31.86, for a total transaction of $29,374.92. Following the sale, the director now directly owns 68,656 shares in the company, valued at approximately $2,187,380.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Marien sold 8,263 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $31.84, for a total transaction of $263,093.92. Following the sale, the director now owns 68,119 shares in the company, valued at $2,168,908.96. The disclosure for this sale can be found here. Insiders have sold a total of 10,040 shares of company stock worth $319,708 over the last 90 days. 22.70% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the company. American International Group Inc. increased its stake in MutualFirst Financial by 7.5% in the first quarter. American International Group Inc. now owns 3,363 shares of the bank’s stock worth $106,000 after buying an additional 235 shares during the period. Wells Fargo & Company MN increased its stake in MutualFirst Financial by 16.7% in the first quarter. Wells Fargo & Company MN now owns 3,490 shares of the bank’s stock worth $110,000 after buying an additional 500 shares during the last quarter. Bank of America Corp DE increased its stake in MutualFirst Financial by 424.4% in the first quarter. Bank of America Corp DE now owns 3,933 shares of the bank’s stock worth $124,000 after buying an additional 3,183 shares during the last quarter. Bank of New York Mellon Corp increased its stake in MutualFirst Financial by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 25,757 shares of the bank’s stock worth $813,000 after buying an additional 1,091 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in MutualFirst Financial by 2.2% in the first quarter. Geode Capital Management LLC now owns 48,370 shares of the bank’s stock worth $1,526,000 after buying an additional 1,062 shares during the last quarter. Institutional investors own 45.99% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of MutualFirst Financial from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Friday, April 28th.
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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.
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