MutualFirst Financial, Inc. (MFSF) Receives $39.00 Consensus Target Price from Analysts

MutualFirst Financial, Inc. (NASDAQ:MFSF) has been assigned a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $40.50.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of MutualFirst Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. DA Davidson restated a “neutral” rating on shares of MutualFirst Financial in a research report on Monday, July 30th. Finally, TheStreet upgraded shares of MutualFirst Financial from a “c+” rating to a “b-” rating in a research report on Friday, May 18th.

In other news, insider Charles J. Viater sold 4,353 shares of the firm’s stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $38.18, for a total transaction of $166,197.54. Following the transaction, the insider now directly owns 174,377 shares in the company, valued at $6,657,713.86. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Charles J. Viater sold 2,225 shares of the firm’s stock in a transaction that occurred on Monday, May 21st. The stock was sold at an average price of $37.65, for a total transaction of $83,771.25. Following the transaction, the insider now 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 90 days, insiders have sold 6,778 shares of company stock worth $257,475. Insiders own 11.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in MFSF. Ancora Advisors LLC grew its position in MutualFirst Financial by 10.7% in the 1st quarter. Ancora Advisors LLC now owns 535,056 shares of the bank’s stock valued at $19,395,000 after buying an additional 51,809 shares during the last quarter. Dimensional Fund Advisors LP grew its position in MutualFirst Financial by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 449,164 shares of the bank’s stock valued at $16,956,000 after buying an additional 2,555 shares during the last quarter. BlackRock Inc. grew its position in MutualFirst Financial by 1.1% in the 4th quarter. BlackRock Inc. now owns 318,583 shares of the bank’s stock valued at $12,283,000 after buying an additional 3,509 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in MutualFirst Financial by 19.4% in the 1st quarter. The Manufacturers Life Insurance Company now owns 223,186 shares of the bank’s stock valued at $8,091,000 after buying an additional 36,298 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in MutualFirst Financial by 3.7% in the 4th quarter. Renaissance Technologies LLC now owns 206,500 shares of the bank’s stock valued at $7,961,000 after buying an additional 7,404 shares during the last quarter. Institutional investors and hedge funds own 42.73% of the company’s stock.

MFSF stock traded down $0.25 during midday trading on Friday, reaching $38.00. 4,625 shares of the company were exchanged, compared to its average volume of 5,475. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 1.46. MutualFirst Financial has a 1-year low of $33.70 and a 1-year high of $40.50. The stock has a market cap of $328.47 million, a P/E ratio of 19.90, a PEG ratio of 3.15 and a beta of 0.14.

MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings data on Wednesday, July 25th. The bank reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. MutualFirst Financial had a net margin of 15.56% and a return on equity of 9.92%. The company had revenue of $21.41 million for the quarter, compared to analysts’ expectations of $20.10 million. equities research analysts predict that MutualFirst Financial will post 2.43 earnings per share for the current year.

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.

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