Somewhat Favorable Media Coverage Somewhat Unlikely to Impact MutualFirst Financial (MFSF) Share Price
Headlines about MutualFirst Financial (NASDAQ:MFSF) have trended somewhat positive on Tuesday, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MutualFirst Financial earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 48.4039268090187 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of MutualFirst Financial (MFSF) traded up 0.78% during mid-day trading on Tuesday, hitting $38.95. The company’s stock had a trading volume of 2,231 shares. The company has a market cap of $287.49 million, a price-to-earnings ratio of 21.05 and a beta of 0.36. The stock’s 50 day moving average price is $38.57 and its 200 day moving average price is $35.34. MutualFirst Financial has a 52-week low of $26.30 and a 52-week high of $40.50.
MutualFirst Financial (NASDAQ:MFSF) last released its quarterly earnings results on Tuesday, October 24th. The bank reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The firm had revenue of $16.70 million for the quarter, compared to the consensus estimate of $17.00 million. MutualFirst Financial had a return on equity of 9.86% and a net margin of 18.68%. Equities analysts forecast that MutualFirst Financial will post $1.92 EPS for the current year.
A number of brokerages recently commented on MFSF. Zacks Investment Research lowered MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, October 13th. ValuEngine lowered MutualFirst Financial from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $36.00 price target on shares of MutualFirst Financial in a report on Sunday, October 8th. TheStreet lowered MutualFirst Financial from a “b-” rating to a “c+” rating in a report on Tuesday, July 25th. Finally, DA Davidson upgraded MutualFirst Financial from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $29.00 to $34.00 in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $36.67.
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In other news, insider David Wayne Heeter sold 7,285 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 50,715 shares in the company, valued at approximately $1,753,217.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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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