MutualFirst Financial Inc. (NASDAQ:MFSF) COO Patrick C. Botts Sells 2,880 Shares

MutualFirst Financial Inc. (NASDAQ:MFSF) COO Patrick C. Botts sold 2,880 shares of the business’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $35.03, for a total value of $100,886.40. Following the sale, the chief operating officer now owns 25,199 shares of the company’s stock, valued at approximately $882,720.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of MutualFirst Financial Inc. (MFSF) opened at 34.15 on Friday. The firm has a market capitalization of $252.06 million, a PE ratio of 18.46 and a beta of 0.35. The company’s 50 day moving average price is $34.46 and its 200-day moving average price is $33.16. MutualFirst Financial Inc. has a 52 week low of $26.30 and a 52 week high of $36.90.

MutualFirst Financial (NASDAQ:MFSF) last announced its earnings results on Tuesday, July 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.10. The business had revenue of $16.76 million during the quarter, compared to analyst estimates of $16.40 million. MutualFirst Financial had a return on equity of 9.66% and a net margin of 18.53%. On average, equities research analysts expect that MutualFirst Financial Inc. will post $1.93 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.64 dividend on an annualized basis and a yield of 1.87%. MutualFirst Financial’s payout ratio is currently 34.59%.

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A number of hedge funds have recently modified their holdings of the company. American International Group Inc. increased its stake in shares of MutualFirst Financial by 7.5% in the first quarter. American International Group Inc. now owns 3,363 shares of the bank’s stock worth $106,000 after buying an additional 235 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of MutualFirst Financial by 16.7% in the first quarter. Wells Fargo & Company MN now owns 3,490 shares of the bank’s stock worth $110,000 after buying an additional 500 shares during the last quarter. Nationwide Fund Advisors increased its stake in shares of MutualFirst Financial by 9.7% in the second quarter. Nationwide Fund Advisors now owns 3,371 shares of the bank’s stock worth $120,000 after buying an additional 298 shares during the last quarter. Bank of America Corp DE increased its stake in shares of MutualFirst Financial by 424.4% in the first quarter. Bank of America Corp DE now owns 3,933 shares of the bank’s stock worth $124,000 after buying an additional 3,183 shares during the last quarter. Finally, Advisor Group Inc. acquired a new stake in shares of MutualFirst Financial during the second quarter worth $141,000. Hedge funds and other institutional investors own 45.79% of the company’s stock.

A number of research firms have recently weighed in on MFSF. TheStreet downgraded MutualFirst Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised MutualFirst Financial from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a research note on Saturday, July 29th. BidaskClub cut MutualFirst Financial from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. ValuEngine raised MutualFirst Financial from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $32.00 price objective on shares of MutualFirst Financial in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus 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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