MutualFirst Financial (NASDAQ:MFSF) Receives Daily Media Sentiment Score of 0.21
Media stories about MutualFirst Financial (NASDAQ:MFSF) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MutualFirst Financial earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 46.6322669147034 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
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. MutualFirst Financial has a 1-year low of $26.30 and a 1-year high of $36.90. 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 (NASDAQ:MFSF) last released its quarterly earnings results on Tuesday, July 25th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10. The business had revenue of $16.76 million during the quarter, compared to the consensus estimate of $16.40 million. MutualFirst Financial had a return on equity of 9.74% and a net margin of 18.53%. 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 news, COO Patrick C. Botts sold 5,859 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $35.17, for a total value of $206,061.03. Following the transaction, the chief operating officer now owns 27,017 shares in the company, valued at approximately $950,187.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David Wayne Heeter sold 7,285 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $34.57, for a total value of $251,842.45. Following the completion of the transaction, the insider now owns 50,715 shares in the company, valued at approximately $1,753,217.55. The disclosure for this sale can be found here. Insiders have sold a total of 37,161 shares of company stock valued at $1,299,609 in the last quarter. Company insiders own 11.30% of the company’s stock.
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.
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