Media stories about MutualFirst Financial (NASDAQ:MFSF) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MutualFirst Financial earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.1553411438596 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research firms recently issued reports on MFSF. Zacks Investment Research raised MutualFirst Financial from a “sell” rating to a “hold” rating in a research report on Friday, May 18th. TheStreet raised MutualFirst Financial from a “c+” rating to a “b-” rating in a research report on Friday, May 18th. Finally, BidaskClub raised MutualFirst Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. Five investment analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $38.67.
Shares of MFSF stock traded down $0.25 on Wednesday, hitting $38.10. 12,660 shares of the stock traded hands, compared to its average volume of 8,338. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.30. The firm has a market cap of $331.42 million, a P/E ratio of 19.95, a P/E/G ratio of 3.27 and a beta of 0.17. MutualFirst Financial has a 1-year low of $31.05 and a 1-year high of $40.50.
The company also recently declared a quarterly dividend, which was paid on Friday, June 22nd. Investors of record on Friday, June 8th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, June 7th. MutualFirst Financial’s dividend payout ratio is currently 37.70%.
In other MutualFirst Financial news, insider Charles J. Viater sold 775 shares of the stock in a transaction on Friday, May 11th. The stock was sold at an average price of $37.89, for a total value of $29,364.75. Following the sale, the insider now directly owns 177,745 shares of the company’s stock, valued at $6,734,758.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Charles J. Viater sold 2,225 shares of the stock in a transaction on Monday, May 21st. The stock was sold at an average price of $37.65, for a total value of $83,771.25. Following the completion of the sale, the insider now directly owns 176,970 shares in the company, valued at $6,662,920.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,053 shares of company stock worth $380,765. Corporate insiders own 28.00% of the company’s stock.
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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