MutualFirst Financial (NASDAQ:MFSF) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.
Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a research note on Saturday. ValuEngine raised MutualFirst Financial from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. MutualFirst Financial has an average rating of “Hold” and a consensus target price of $40.00.
Shares of MFSF opened at $29.40 on Tuesday. The company has a market cap of $251.83 million, a PE ratio of 12.10, a price-to-earnings-growth ratio of 2.25 and a beta of 0.70. MutualFirst Financial has a twelve month low of $24.28 and a twelve month high of $40.00. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.00 and a quick ratio of 1.00.
MutualFirst Financial (NASDAQ:MFSF) last issued its quarterly 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). MutualFirst Financial had a return on equity of 10.62% and a net margin of 19.00%. The business had revenue of $21.79 million for the quarter, compared to the consensus estimate of $21.45 million. As a group, sell-side analysts expect that MutualFirst Financial will post 2.59 EPS for the current fiscal year.
In other MutualFirst Financial news, Director Mark L. Barkley sold 5,000 shares of the firm’s stock in a transaction 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 owns 202,750 shares of the company’s stock, valued at approximately $6,327,827.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 27.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in MFSF. The Manufacturers Life Insurance Company lifted its holdings in MutualFirst Financial by 4.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 295,702 shares of the bank’s stock valued at $10,897,000 after purchasing an additional 13,181 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of MutualFirst Financial by 2.8% during the fourth quarter. BlackRock Inc. now owns 311,356 shares of the bank’s stock worth $8,273,000 after buying an additional 8,581 shares in the last quarter. Vanguard Group Inc lifted its holdings in shares of MutualFirst Financial by 2.2% during the third quarter. Vanguard Group Inc now owns 273,684 shares of the bank’s stock worth $10,085,000 after buying an additional 5,771 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of MutualFirst Financial by 2.2% during the third quarter. Vanguard Group Inc. now owns 273,684 shares of the bank’s stock worth $10,085,000 after buying an additional 5,771 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of MutualFirst Financial by 2.3% during the third quarter. Renaissance Technologies LLC now owns 237,800 shares of the bank’s stock worth $8,763,000 after buying an additional 5,453 shares in the last quarter. 47.20% of the stock is owned by institutional investors and hedge funds.
About MutualFirst Financial
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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