MutualFirst Financial Inc. (MFSF) Plans Quarterly Dividend of $0.18
MutualFirst Financial Inc. (NASDAQ:MFSF) declared a quarterly dividend on Friday, November 17th, Wall Street Journal reports. Investors of record on Friday, December 8th will be given a dividend of 0.18 per share by the bank on Friday, December 22nd. This represents a $0.72 annualized dividend and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, December 7th. This is an increase from MutualFirst Financial’s previous quarterly dividend of $0.16.
MutualFirst Financial (NASDAQ:MFSF) opened at $38.70 on Friday. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.44. The firm has a market cap of $280.80, a price-to-earnings ratio of 20.21, a P/E/G ratio of 3.94 and a beta of 0.36. MutualFirst Financial has a 1-year low of $28.40 and a 1-year high of $40.50.
MutualFirst Financial (NASDAQ:MFSF) last posted its earnings results on Tuesday, October 24th. The bank reported $0.50 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The business had revenue of $16.70 million for the quarter, compared to analyst estimates of $17.00 million. MutualFirst Financial had a net margin of 18.68% and a return on equity of 9.73%. research analysts forecast that MutualFirst Financial will post 1.93 earnings per share for the current fiscal year.
In other news, insider Charles J. Viater sold 710 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $39.95, for a total value of $28,364.50. Following the completion of the sale, the insider now owns 188,452 shares of the company’s stock, valued at approximately $7,528,657.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jerry Dean Mcvicker sold 3,599 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $40.03, for a total transaction of $144,067.97. Following the completion of the sale, the director now directly owns 36,550 shares of the company’s stock, valued at approximately $1,463,096.50. The disclosure for this sale can be found here. Insiders have sold a total of 6,285 shares of company stock worth $250,564 in the last ninety days. 11.30% of the stock is currently owned by insiders.
Several research firms recently issued reports on MFSF. Zacks Investment Research downgraded shares of MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 13th. ValuEngine downgraded shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $36.00 price target on shares of MutualFirst Financial in a research note on Sunday, October 8th. TheStreet downgraded shares of MutualFirst Financial from a “b-” rating to a “c+” rating in a research note on Tuesday, July 25th. Finally, DA Davidson raised shares of 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 research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. MutualFirst Financial currently has an average rating of “Hold” and a consensus target price of $36.67.
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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