Investment Analysts’ Weekly Ratings Updates for MutualFirst Financial (MFSF)

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A number of firms have modified their ratings and price targets on shares of MutualFirst Financial (NASDAQ: MFSF) recently:

  • 2/19/2019 – MutualFirst Financial was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MutualFirst Financial, Inc. is the holding company of Mutual Federal Savings Bank. “
  • 2/13/2019 – MutualFirst Financial was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MutualFirst Financial, Inc. is the holding company of Mutual Federal Savings Bank. “
  • 2/7/2019 – MutualFirst Financial was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MutualFirst Financial, Inc. is the holding company of Mutual Federal Savings Bank. “
  • 2/4/2019 – MutualFirst Financial was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 2/1/2019 – MutualFirst Financial was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MutualFirst Financial, Inc. is the holding company of Mutual Federal Savings Bank. “
  • 1/25/2019 – MutualFirst Financial was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MutualFirst Financial, Inc. is the holding company of Mutual Federal Savings Bank. “
  • 1/18/2019 – MutualFirst Financial was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MutualFirst Financial, Inc. is the holding company of Mutual Federal Savings Bank. “
  • 1/15/2019 – MutualFirst Financial was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 1/11/2019 – MutualFirst Financial was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “MutualFirst Financial, Inc. is the holding company of Mutual Federal Savings Bank. “
  • 1/4/2019 – MutualFirst Financial was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MutualFirst Financial, Inc. is the holding company of Mutual Federal Savings Bank. “
  • 12/25/2018 – MutualFirst Financial was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “MutualFirst Financial, Inc. is the holding company of Mutual Federal Savings Bank. “

MutualFirst Financial stock opened at $31.18 on Friday. The firm has a market cap of $266.12 million, a PE ratio of 12.83, a price-to-earnings-growth ratio of 2.37 and a beta of 0.67. 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, Inc. has a 1-year low of $24.28 and a 1-year high of $40.00.

In related news, insider Charles J. Viater sold 2,636 shares of MutualFirst Financial stock in a transaction 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 transaction, the insider now owns 166,790 shares in the company, valued at approximately $5,992,764.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 28.00% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in MFSF. California Public Employees Retirement System raised its holdings in MutualFirst Financial by 5.8% in the 2nd quarter. California Public Employees Retirement System now owns 29,171 shares of the bank’s stock worth $1,101,000 after acquiring an additional 1,597 shares during the period. Wells Fargo & Company MN raised its holdings in MutualFirst Financial by 13.4% in the 3rd quarter. Wells Fargo & Company MN now owns 17,838 shares of the bank’s stock worth $658,000 after acquiring an additional 2,110 shares during the period. SG Americas Securities LLC bought a new position in MutualFirst Financial in the 3rd quarter worth $136,000. BlackRock Inc. raised its holdings in MutualFirst Financial by 1.3% in the 3rd quarter. BlackRock Inc. now owns 302,775 shares of the bank’s stock worth $11,157,000 after acquiring an additional 3,935 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in MutualFirst Financial by 1.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 454,191 shares of the bank’s stock worth $16,737,000 after acquiring an additional 5,027 shares during the period. Hedge funds and other institutional investors own 47.01% of the company’s stock.

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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