MutualFirst Financial Inc. (NASDAQ:MFSF) insider David Wayne Heeter sold 323 shares of MutualFirst Financial stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $34.75, for a total transaction of $11,224.25. Following the completion of the sale, the insider now owns 43,753 shares of the company’s stock, valued at approximately $1,520,416.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
David Wayne Heeter also recently made the following trade(s):
- On Tuesday, July 11th, David Wayne Heeter sold 1,000 shares of MutualFirst Financial stock. The stock was sold at an average price of $34.50, for a total transaction of $34,500.00.
- On Monday, July 3rd, David Wayne Heeter sold 2,433 shares of MutualFirst Financial stock. The stock was sold at an average price of $35.08, for a total transaction of $85,349.64.
MutualFirst Financial Inc. (MFSF) opened at 34.05 on Tuesday. The stock has a 50 day moving average of $34.43 and a 200 day moving average of $32.50. The firm has a market capitalization of $250.06 million, a PE ratio of 18.09 and a beta of 0.36. MutualFirst Financial Inc. has a 12 month low of $25.97 and a 12 month high of $36.90.
MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings results on Tuesday, April 25th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. MutualFirst Financial had a net margin of 18.92% and a return on equity of 9.93%. The firm had revenue of $15.84 million for the quarter, compared to the consensus estimate of $15.70 million. On average, equities analysts predict that MutualFirst Financial Inc. will post $1.80 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 9th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Wednesday, June 7th. MutualFirst Financial’s dividend payout ratio is currently 34.04%.
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Several analysts have weighed in on MFSF shares. Zacks Investment Research cut shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, April 12th. ValuEngine upgraded shares of MutualFirst Financial from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $32.00 target price on shares of MutualFirst Financial in a research report on Friday. Finally, BidaskClub cut shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research report on Sunday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. MutualFirst Financial presently has an average rating of “Hold” and an average price target of $31.00.
A number of large investors have recently made changes to their positions in the stock. American International Group Inc. increased its stake in shares of 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 in the last quarter. Wells Fargo & Company MN increased its stake in shares of 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 in the last quarter. Bank of America Corp DE increased its stake in shares of 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 in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of MutualFirst Financial during the fourth quarter worth $148,000. Finally, SG Americas Securities LLC bought a new stake in shares of MutualFirst Financial during the first quarter worth $171,000. 46.10% of the stock is currently owned by institutional investors and hedge funds.
MutualFirst Financial Company Profile
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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