MutualFirst Financial (NASDAQ:MFSF) Rating Lowered to Sell at BidaskClub

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MutualFirst Financial (NASDAQ:MFSF) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Tuesday, BidAskClub reports.

A number of other brokerages have also recently issued reports on MFSF. ValuEngine cut MutualFirst Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th. Zacks Investment Research cut shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

Shares of MutualFirst Financial stock traded up $0.48 during trading on Tuesday, reaching $39.33. The stock had a trading volume of 100 shares, compared to its average volume of 13,343. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $333.41 million, a price-to-earnings ratio of 15.99 and a beta of 0.83. The stock has a fifty day moving average price of $39.42 and a two-hundred day moving average price of $34.71. MutualFirst Financial has a 52 week low of $27.16 and a 52 week high of $40.61.

MutualFirst Financial (NASDAQ:MFSF) last announced its earnings results on Monday, October 21st. The bank reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. MutualFirst Financial had a return on equity of 10.55% and a net margin of 20.78%. The business had revenue of $22.09 million for the quarter, compared to analyst estimates of $21.90 million. On average, equities analysts forecast that MutualFirst Financial will post 2.63 EPS for the current fiscal year.

In other news, SVP Sharon L. Ferguson sold 5,500 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $39.25, for a total value of $215,875.00. Following the sale, the senior vice president now directly owns 4,400 shares of the company’s stock, valued at approximately $172,700. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Christopher D. Cook sold 20,461 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $40.01, for a total transaction of $818,644.61. Following the completion of the sale, the chief financial officer now directly owns 36,788 shares in the company, valued at $1,471,887.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,102 shares of company stock worth $1,558,875. 27.40% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. State Street Corp raised its holdings in shares of MutualFirst Financial by 2.6% in the 3rd quarter. State Street Corp now owns 149,272 shares of the bank’s stock valued at $4,705,000 after purchasing an additional 3,792 shares during the period. California Public Employees Retirement System raised its holdings in shares of MutualFirst Financial by 3.8% in the 3rd quarter. California Public Employees Retirement System now owns 30,266 shares of the bank’s stock valued at $954,000 after purchasing an additional 1,095 shares during the period. Rhumbline Advisers raised its holdings in shares of MutualFirst Financial by 9.2% in the 3rd quarter. Rhumbline Advisers now owns 9,275 shares of the bank’s stock valued at $292,000 after purchasing an additional 780 shares during the period. Vanguard Group Inc. raised its holdings in shares of MutualFirst Financial by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 289,778 shares of the bank’s stock valued at $9,864,000 after purchasing an additional 14,196 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of MutualFirst Financial by 1.2% in the 2nd quarter. BlackRock Inc. now owns 308,065 shares of the bank’s stock valued at $10,487,000 after purchasing an additional 3,704 shares during the period. 48.03% of the stock is currently owned by institutional investors.

MutualFirst Financial Company Profile

MutualFirst Financial, Inc operates as the bank holding company for MutualBank that provides various financial services in the United States. It accepts savings deposit, NOW, and demand accounts, as well as certificates of deposit. The company offers one-to-four family residential property, commercial real estate, construction and development, and commercial business loans; consumer loans, such as auto loans, boat and recreational vehicle loans, loans secured by savings deposits, and credit card and unsecured consumer loans; and adjustable rate loans.

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