MutualFirst Financial, Inc. (NASDAQ:MFSF) Declares Quarterly Dividend of $0.18

MutualFirst Financial, Inc. (NASDAQ:MFSF) announced a quarterly dividend on Friday, February 23rd, Wall Street Journal reports. Shareholders of record on Friday, March 9th will be given a dividend of 0.18 per share by the bank on Friday, March 23rd. This represents a $0.72 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Thursday, March 8th.

Shares of MutualFirst Financial stock traded up $0.10 on Thursday, reaching $36.25. 28,524 shares of the company’s stock were exchanged, compared to its average volume of 7,010. The stock has a market capitalization of $307.41, a price-to-earnings ratio of 22.10, a PEG ratio of 3.02 and a beta of 0.24. MutualFirst Financial has a 52 week low of $30.75 and a 52 week high of $40.50. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.00 and a current ratio of 1.00.

MutualFirst Financial (NASDAQ:MFSF) last posted its quarterly earnings results on Friday, February 2nd. The bank reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). The business had revenue of $17.04 million for the quarter, compared to the consensus estimate of $17.20 million. MutualFirst Financial had a return on equity of 9.71% and a net margin of 16.00%. equities research analysts forecast that MutualFirst Financial will post 2.38 EPS for the current year.

A number of equities analysts recently issued reports on the company. BidaskClub upgraded MutualFirst Financial from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Zacks Investment Research cut MutualFirst Financial from a “buy” rating to a “hold” rating in a report on Wednesday, February 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $39.00 target price on shares of MutualFirst Financial in a report on Friday, December 22nd. Finally, ValuEngine cut MutualFirst Financial from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Five analysts have rated the stock with a hold rating, MutualFirst Financial presently has a consensus rating of “Hold” and a consensus price target of $38.67.

In related news, Director Michael J. Marien sold 3,578 shares of the stock in a transaction on Monday, March 19th. The stock was sold at an average price of $36.51, for a total value of $130,632.78. Following the completion of the sale, the director now directly owns 51,928 shares of the company’s stock, valued at approximately $1,895,891.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael J. Marien sold 2,600 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $36.22, for a total value of $94,172.00. Following the completion of the sale, the director now directly owns 59,492 shares of the company’s stock, valued at $2,154,800.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,734 shares of company stock worth $464,490. 11.30% of the stock is owned by company insiders.

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MutualFirst Financial Company Profile

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.

Dividend History for MutualFirst Financial (NASDAQ:MFSF)

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