MutualFirst Financial (NASDAQ:MFSF) Downgraded to Hold at BidaskClub

BidaskClub lowered shares of MutualFirst Financial (NASDAQ:MFSF) from a buy rating to a hold rating in a report published on Thursday, BidAskClub reports.

Separately, Zacks Investment Research raised shares of HB Fuller from a sell rating to a hold rating in a report on Wednesday, July 3rd. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. MutualFirst Financial currently has a consensus rating of Hold and an average price target of $34.00.

Shares of NASDAQ:MFSF traded up $0.15 during trading on Thursday, reaching $32.22. The company’s stock had a trading volume of 195 shares, compared to its average volume of 9,052. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.30. MutualFirst Financial has a 12 month low of $24.28 and a 12 month high of $38.90. The company’s 50 day moving average price is $31.32. The stock has a market cap of $275.84 million, a PE ratio of 13.20, a PEG ratio of 2.50 and a beta of 0.72.



MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.02. MutualFirst Financial had a net margin of 19.24% and a return on equity of 10.72%. The firm had revenue of $21.13 million during the quarter, compared to the consensus estimate of $20.75 million. On average, equities analysts predict that MutualFirst Financial will post 2.56 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Thursday, June 13th. MutualFirst Financial’s payout ratio is currently 32.92%.

In other MutualFirst Financial news, Director Mark L. Barkley sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $31.11, for a total value of $155,550.00. Following the completion of the sale, the director now owns 197,745 shares of the company’s stock, valued at $6,151,846.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Marien sold 3,800 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $30.90, for a total transaction of $117,420.00. Following the completion of the sale, the director now directly owns 51,750 shares of the company’s stock, valued at approximately $1,599,075. The disclosure for this sale can be found here. In the last three months, insiders sold 9,125 shares of company stock valued at $283,126. 27.40% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers grew its holdings in MutualFirst Financial by 44.5% in the 4th quarter. Rhumbline Advisers now owns 7,998 shares of the bank’s stock valued at $213,000 after buying an additional 2,463 shares in the last quarter. BlackRock Inc. grew its holdings in MutualFirst Financial by 2.8% in the 4th quarter. BlackRock Inc. now owns 311,356 shares of the bank’s stock valued at $8,273,000 after buying an additional 8,581 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of MutualFirst Financial by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 61,886 shares of the bank’s stock valued at $1,644,000 after acquiring an additional 2,727 shares during the period. Bank of America Corp DE lifted its position in shares of MutualFirst Financial by 80.6% during the 4th quarter. Bank of America Corp DE now owns 3,945 shares of the bank’s stock valued at $106,000 after acquiring an additional 1,761 shares during the period. Finally, Kessler Investment Group LLC lifted its position in shares of MutualFirst Financial by 23.8% during the 1st quarter. Kessler Investment Group LLC now owns 4,799 shares of the bank’s stock valued at $144,000 after acquiring an additional 924 shares during the period. 47.54% of the stock is owned by institutional investors and hedge funds.

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.

Featured Story: Google Finance Portfolio Tips and Tricks

Receive News & Ratings for MutualFirst Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MutualFirst Financial and related companies with MarketBeat.com's FREE daily email newsletter.