MutualFirst Financial Inc. (NASDAQ:MFSF) Insider Sells $34,500.00 in Stock

MutualFirst Financial Inc. (NASDAQ:MFSF) insider David Wayne Heeter sold 1,000 shares of MutualFirst Financial stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $34.50, for a total value of $34,500.00. Following the completion of the transaction, the insider now directly owns 44,753 shares of the company’s stock, valued at $1,543,978.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

  • On Wednesday, August 2nd, David Wayne Heeter sold 7,285 shares of MutualFirst Financial stock. The stock was sold at an average price of $34.57, for a total value of $251,842.45.
  • On Tuesday, August 1st, David Wayne Heeter sold 12,065 shares of MutualFirst Financial stock. The shares were sold at an average price of $35.16, for a total value of $424,205.40.
  • On Friday, July 28th, David Wayne Heeter sold 1,179 shares of MutualFirst Financial stock. The shares were sold at an average price of $35.36, for a total value of $41,689.44.
  • On Wednesday, July 26th, David Wayne Heeter sold 1,230 shares of MutualFirst Financial stock. The shares were sold at an average price of $34.54, for a total value of $42,484.20.
  • On Wednesday, July 5th, David Wayne Heeter sold 323 shares of MutualFirst Financial stock. The shares were sold at an average price of $34.75, for a total value of $11,224.25.
  • On Monday, July 3rd, David Wayne Heeter sold 2,433 shares of MutualFirst Financial stock. The shares were sold at an average price of $35.08, for a total value of $85,349.64.

Shares of MutualFirst Financial Inc. (NASDAQ:MFSF) opened at 35.45 on Wednesday. MutualFirst Financial Inc. has a one year low of $26.30 and a one year high of $36.90. The firm’s 50-day moving average price is $34.66 and its 200-day moving average price is $32.83. The company has a market capitalization of $260.34 million, a price-to-earnings ratio of 19.16 and a beta of 0.35.

MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.10. The company had revenue of $16.76 million during the quarter, compared to the consensus estimate of $16.40 million. MutualFirst Financial had a net margin of 18.53% and a return on equity of 9.74%. Analysts anticipate that MutualFirst Financial Inc. will post $1.93 earnings per share for the current year.

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Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of MutualFirst Financial by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 388,022 shares of the bank’s stock valued at $12,242,000 after buying an additional 6,594 shares during the period. Vanguard Group Inc. increased its stake in MutualFirst Financial by 1.4% in the first quarter. Vanguard Group Inc. now owns 191,842 shares of the bank’s stock worth $6,053,000 after buying an additional 2,715 shares during the period. Renaissance Technologies LLC increased its stake in MutualFirst Financial by 6.6% in the first quarter. Renaissance Technologies LLC now owns 166,481 shares of the bank’s stock worth $5,252,000 after buying an additional 10,301 shares during the period. State Street Corp increased its stake in 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. Finally, Geode Capital Management LLC increased its stake in MutualFirst Financial by 2.2% in the first quarter. Geode Capital Management LLC now owns 48,370 shares of the bank’s stock worth $1,526,000 after buying an additional 1,062 shares during the period. 45.68% of the stock is owned by institutional investors.

A number of analysts recently commented on MFSF shares. Zacks Investment Research raised MutualFirst Financial from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Friday, April 28th. ValuEngine raised MutualFirst Financial from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. TheStreet lowered MutualFirst Financial from a “b-” rating to a “c+” rating in a report on Tuesday, July 25th. DA Davidson raised MutualFirst Financial from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $29.00 to $34.00 in a report on Wednesday, July 26th. Finally, BidaskClub lowered MutualFirst Financial from a “hold” rating to a “sell” rating in a report on Sunday, July 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $35.33.

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.

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

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