MutualFirst Financial (NASDAQ:MFSF) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

MFSF has been the topic of several other research reports. Zacks Investment Research downgraded shares of MutualFirst Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. ValuEngine downgraded shares of MutualFirst Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $39.00 price objective on shares of MutualFirst Financial in a research note on Friday, December 22nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. MutualFirst Financial has an average rating of “Hold” and a consensus price target of $38.67.

Shares of MutualFirst Financial (NASDAQ MFSF) opened at $38.55 on Friday. MutualFirst Financial has a fifty-two week low of $29.20 and a fifty-two week high of $40.50. The stock has a market cap of $284.86, a PE ratio of 20.51, a price-to-earnings-growth ratio of 3.97 and a beta of 0.33. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.01 and a quick ratio of 1.01.

MutualFirst Financial (NASDAQ:MFSF) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.01. MutualFirst Financial had a net margin of 18.68% and a return on equity of 9.73%. The company had revenue of $16.70 million for the quarter, compared to the consensus estimate of $17.00 million. equities research analysts expect that MutualFirst Financial will post 1.94 EPS for the current fiscal year.

In related news, insider Charles J. Viater sold 1,846 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $39.55, for a total transaction of $73,009.30. Following the transaction, the insider now owns 187,822 shares of the company’s stock, valued at $7,428,360.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jerry Dean Mcvicker sold 3,599 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $40.03, for a total transaction of $144,067.97. Following the transaction, the director now directly owns 36,550 shares in the company, valued at approximately $1,463,096.50. The disclosure for this sale can be found here. Insiders have sold 15,315 shares of company stock worth $603,775 in the last three months. Insiders own 11.30% of the company’s stock.

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new position in MutualFirst Financial during the third quarter worth approximately $101,000. First Quadrant L P CA purchased a new position in MutualFirst Financial during the third quarter worth approximately $112,000. Nationwide Fund Advisors raised its stake in MutualFirst Financial by 9.7% during the second quarter. Nationwide Fund Advisors now owns 3,371 shares of the bank’s stock worth $120,000 after purchasing an additional 298 shares during the period. Bank of America Corp DE raised its stake in MutualFirst Financial by 424.4% during the first quarter. Bank of America Corp DE now owns 3,933 shares of the bank’s stock worth $124,000 after purchasing an additional 3,183 shares during the period. Finally, Advisor Group Inc. purchased a new position in MutualFirst Financial during the second quarter worth approximately $141,000. 47.49% of the stock is currently owned by institutional investors.

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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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