MutualFirst Financial (MFSF) Receiving Somewhat Positive News Coverage, Report Finds

Press coverage about MutualFirst Financial (NASDAQ:MFSF) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MutualFirst Financial earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 43.3046422537588 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

MutualFirst Financial (MFSF) remained flat at $$38.40 during trading hours on Monday. 3,800 shares of the stock were exchanged, compared to its average volume of 4,167. The company has a market cap of $283.75, a PE ratio of 20.43, a PEG ratio of 3.42 and a beta of 0.33. MutualFirst Financial has a fifty-two week low of $29.20 and a fifty-two week high of $40.50. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.01 and a current ratio of 1.01.

MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. MutualFirst Financial had a return on equity of 9.73% and a net margin of 18.68%. The business had revenue of $16.70 million during the quarter, compared to analysts’ expectations of $17.00 million. analysts expect that MutualFirst Financial will post 1.94 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Friday, December 8th were issued a $0.18 dividend. This is a positive change from MutualFirst Financial’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.88%. The ex-dividend date was Thursday, December 7th. MutualFirst Financial’s payout ratio is 38.30%.

A number of equities research analysts recently weighed in on MFSF shares. ValuEngine cut shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub cut shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research cut shares of MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 13th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $36.00 price target on shares of MutualFirst Financial in a research note on Sunday, October 8th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $38.67.

In other MutualFirst Financial news, Director Jerry Dean Mcvicker sold 3,599 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $40.03, for a total value of $144,067.97. Following the sale, the director now directly owns 36,550 shares in the company, valued at $1,463,096.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles J. Viater sold 1,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of $39.05, for a total value of $39,050.00. Following the sale, the insider now owns 182,937 shares in the company, valued at approximately $7,143,689.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,315 shares of company stock valued at $603,775. Corporate insiders own 11.30% of the company’s stock.

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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.

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

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