Deutsche Bank AG trimmed its holdings in MutualFirst Financial, Inc. (NASDAQ:MFSF) by 16.1% in the fourth quarter, Holdings Channel reports. The fund owned 23,447 shares of the bank’s stock after selling 4,500 shares during the period. Deutsche Bank AG’s holdings in MutualFirst Financial were worth $621,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of MutualFirst Financial by 44.5% in the 4th quarter. Rhumbline Advisers now owns 7,998 shares of the bank’s stock worth $213,000 after acquiring an additional 2,463 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of MutualFirst Financial by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 273,684 shares of the bank’s stock worth $10,085,000 after acquiring an additional 5,771 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of MutualFirst Financial by 2.2% in the 3rd quarter. Vanguard Group Inc now owns 273,684 shares of the bank’s stock worth $10,085,000 after acquiring an additional 5,771 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of MutualFirst Financial by 1.3% in the 3rd quarter. BlackRock Inc. now owns 302,775 shares of the bank’s stock worth $11,157,000 after acquiring an additional 3,935 shares during the last quarter. Finally, Capital Investment Advisory Services LLC bought a new stake in shares of MutualFirst Financial in the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 47.29% of the company’s stock.
In related news, Director Mark L. Barkley sold 5,000 shares of the company’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $31.21, for a total transaction of $156,050.00. Following the completion of the sale, the director now directly owns 202,750 shares in the company, valued at approximately $6,327,827.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 27.40% of the company’s stock.
MutualFirst Financial (NASDAQ:MFSF) last posted its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.02. MutualFirst Financial had a net margin of 19.24% and a return on equity of 10.72%. The company had revenue of $21.13 million during the quarter, compared to analyst estimates of $20.75 million. Equities research analysts expect that MutualFirst Financial, Inc. will post 2.6 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.80 dividend on an annualized basis and a yield of 2.66%. MutualFirst Financial’s dividend payout ratio is currently 32.92%.
MFSF has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a report on Saturday, April 13th. ValuEngine upgraded shares of MutualFirst Financial from a “strong sell” rating to a “sell” rating in a report on Monday, February 4th. Finally, BidaskClub upgraded shares of MutualFirst Financial from a “sell” rating to a “hold” rating in a report on Monday, February 25th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $34.00.
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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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