Headlines about MutualFirst Financial (NASDAQ:MFSF) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MutualFirst Financial earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.6322669147034 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
MutualFirst Financial (NASDAQ MFSF) traded down 1.43% on Friday, hitting $34.55. The stock had a trading volume of 9,132 shares. The firm’s 50-day moving average price is $34.64 and its 200-day moving average price is $33.01. The firm has a market cap of $253.74 million, a P/E ratio of 18.68 and a beta of 0.35. MutualFirst Financial has a 1-year low of $26.30 and a 1-year high of $36.90.
MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. MutualFirst Financial had a net margin of 18.53% and a return on equity of 9.74%. The firm had revenue of $16.76 million during the quarter, compared to analyst estimates of $16.40 million. On average, equities research analysts predict that MutualFirst Financial will post $1.93 earnings per share for the current year.
Several research firms recently issued reports on MFSF. Zacks Investment Research raised MutualFirst Financial from a “hold” rating to a “strong-buy” rating and set a $40.00 price target on the stock in a research report on Saturday, July 29th. TheStreet lowered MutualFirst Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, July 25th. DA Davidson raised MutualFirst Financial from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $29.00 to $34.00 in a research report on Wednesday, July 26th. BidaskClub lowered MutualFirst Financial from a “hold” rating to a “sell” rating in a research report on Sunday, July 16th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $32.00 target price on shares of MutualFirst Financial in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. MutualFirst Financial presently has an average rating of “Hold” and a consensus target price of $35.33.
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In other MutualFirst Financial news, insider David Wayne Heeter sold 1,000 shares of the company’s stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $34.50, for a total transaction of $34,500.00. Following the completion of the sale, the insider now directly owns 44,753 shares in the company, valued at $1,543,978.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Patrick C. Botts sold 965 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $35.37, for a total transaction of $34,132.05. Following the sale, the chief operating officer now owns 23,284 shares of the company’s stock, valued at $823,555.08. The disclosure for this sale can be found here. Insiders sold 37,161 shares of company stock valued at $1,299,609 over the last quarter. 11.30% of the stock is owned by company insiders.
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.
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