MutualFirst Financial Inc. (MFSF) Insider David Wayne Heeter Sells 323 Shares of Stock

MutualFirst Financial Inc. (NASDAQ:MFSF) insider David Wayne Heeter sold 323 shares of the stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $34.75, for a total transaction of $11,224.25. Following the completion of the sale, the insider now directly owns 43,753 shares in the company, valued at $1,520,416.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

David Wayne Heeter also recently made the following trade(s):

  • On Monday, July 3rd, David Wayne Heeter sold 2,433 shares of MutualFirst Financial stock. The stock was sold at an average price of $35.08, for a total transaction of $85,349.64.

MutualFirst Financial Inc. (MFSF) traded down 0.43% during mid-day trading on Monday, reaching $34.35. 3,176 shares of the company were exchanged. The company has a market capitalization of $252.27 million, a price-to-earnings ratio of 18.25 and a beta of 0.36. MutualFirst Financial Inc. has a 1-year low of $25.97 and a 1-year high of $36.90. The company has a 50 day moving average of $34.43 and a 200-day moving average of $32.50.

MutualFirst Financial (NASDAQ:MFSF) last issued its earnings results on Tuesday, April 25th. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. MutualFirst Financial had a net margin of 18.92% and a return on equity of 9.93%. The company had revenue of $15.84 million for the quarter, compared to the consensus estimate of $15.70 million. On average, equities research analysts forecast that MutualFirst Financial Inc. will post $1.80 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, June 9th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Wednesday, June 7th. MutualFirst Financial’s dividend payout ratio (DPR) is presently 34.04%.

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A number of institutional investors have recently modified their holdings of MFSF. Dimensional Fund Advisors LP increased its position in shares of MutualFirst Financial by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 381,428 shares of the bank’s stock worth $12,625,000 after buying an additional 2,824 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of MutualFirst Financial during the fourth quarter worth approximately $148,000. Bowling Portfolio Management LLC purchased a new position in shares of MutualFirst Financial during the first quarter worth approximately $630,000. Renaissance Technologies LLC increased its position in shares of MutualFirst Financial by 13.0% in the fourth quarter. Renaissance Technologies LLC now owns 156,180 shares of the bank’s stock worth $5,170,000 after buying an additional 17,980 shares during the period. Finally, State Street Corp increased its position in shares of MutualFirst Financial by 12.7% in the fourth quarter. State Street Corp now owns 67,115 shares of the bank’s stock worth $2,222,000 after buying an additional 7,559 shares during the period. 46.10% of the stock is currently owned by institutional investors.

MFSF has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, April 12th. ValuEngine raised shares of MutualFirst Financial from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th.

About MutualFirst Financial

MutualFirst Financial, Inc (MutualFirst) is the bank holding company of MutualBank (MutualBank or the Bank). The Bank offers financial services through approximately 30 full service retail financial center offices in Allen, Delaware, Elkhart, Grant, Kosciusko, Randolph, Saint Joseph and Wabash counties in Indiana.

Insider Buying and Selling by Quarter for MutualFirst Financial (NASDAQ:MFSF)

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