MutualFirst Financial (MFSF) Rating Increased to Sell at ValuEngine

ValuEngine upgraded shares of MutualFirst Financial (NASDAQ:MFSF) from a strong sell rating to a sell rating in a report released on Monday, February 4th.

A number of other equities research analysts also recently commented on the company. Zacks Investment Research upgraded MutualFirst Financial from a strong sell rating to a hold rating in a research report on Tuesday, October 9th. BidaskClub downgraded MutualFirst Financial from a hold rating to a sell rating in a research report on Thursday, December 13th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $40.00.

Shares of MFSF opened at $31.70 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.44. MutualFirst Financial has a 12 month low of $24.28 and a 12 month high of $40.00. The company has a market capitalization of $267.24 million, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 2.38 and a beta of 0.67.

MutualFirst Financial (NASDAQ:MFSF) last released its earnings results on Wednesday, January 30th. The bank reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.03). The firm had revenue of $21.79 million during the quarter, compared to analysts’ expectations of $21.45 million. MutualFirst Financial had a net margin of 19.00% and a return on equity of 10.76%. Research analysts anticipate that MutualFirst Financial will post 2.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Thursday, March 7th. MutualFirst Financial’s dividend payout ratio (DPR) is 32.92%.

In other MutualFirst Financial news, Director Mark L. Barkley sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $31.21, for a total transaction of $156,050.00. Following the completion of the sale, the director now directly owns 202,750 shares of the company’s stock, valued at approximately $6,327,827.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Charles J. Viater sold 2,636 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $35.93, for a total value of $94,711.48. Following the sale, the insider now directly owns 166,790 shares of the company’s stock, valued at $5,992,764.70. The disclosure for this sale can be found here. 28.00% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Investment Advisory Services LLC purchased a new stake in MutualFirst Financial during the 4th quarter valued at approximately $47,000. SG Americas Securities LLC purchased a new stake in MutualFirst Financial during the 3rd quarter valued at approximately $136,000. Bank of America Corp DE raised its stake in MutualFirst Financial by 80.6% during the 4th quarter. Bank of America Corp DE now owns 3,945 shares of the bank’s stock valued at $106,000 after acquiring an additional 1,761 shares during the last quarter. Rhumbline Advisers raised its stake in 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 acquiring an additional 2,463 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in MutualFirst Financial by 13.4% during the 3rd quarter. Wells Fargo & Company MN now owns 17,838 shares of the bank’s stock valued at $658,000 after acquiring an additional 2,110 shares during the last quarter. 47.01% of the stock is owned by hedge funds and other institutional investors.

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.

See Also: LIBOR

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