MutualFirst Financial, Inc. (NASDAQ:MFSF) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 38,900 shares, a drop of 16.5% from the June 15th total of 46,600 shares. Based on an average trading volume of 8,800 shares, the days-to-cover ratio is presently 4.4 days. Approximately 0.5% of the shares of the stock are sold short.

In related news, Director Mark L. Barkley sold 5,000 shares of MutualFirst Financial stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $31.11, for a total value of $155,550.00. Following the transaction, the director now directly owns 197,745 shares of the company’s stock, valued at $6,151,846.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael J. Marien sold 3,800 shares of MutualFirst Financial stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $30.90, for a total transaction of $117,420.00. Following the completion of the transaction, the director now directly owns 51,750 shares in the company, valued at $1,599,075. The disclosure for this sale can be found here. Insiders sold 9,125 shares of company stock worth $283,126 over the last three months. 27.40% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its position in MutualFirst Financial by 2.8% in the fourth quarter. BlackRock Inc. now owns 311,356 shares of the bank’s stock valued at $8,273,000 after buying an additional 8,581 shares in the last quarter. Geode Capital Management LLC boosted its position in MutualFirst Financial by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 61,886 shares of the bank’s stock valued at $1,644,000 after buying an additional 2,727 shares in the last quarter. Kessler Investment Group LLC lifted its holdings in shares of MutualFirst Financial by 23.8% during the first quarter. Kessler Investment Group LLC now owns 4,799 shares of the bank’s stock worth $144,000 after purchasing an additional 924 shares during the period. SG Americas Securities LLC acquired a new position in shares of MutualFirst Financial during the first quarter worth $142,000. Finally, Bank of America Corp DE lifted its holdings in shares of MutualFirst Financial by 80.6% during the fourth quarter. Bank of America Corp DE now owns 3,945 shares of the bank’s stock worth $106,000 after purchasing an additional 1,761 shares during the period. Hedge funds and other institutional investors own 47.53% of the company’s stock.

NASDAQ:MFSF traded up $0.34 during mid-day trading on Monday, reaching $32.77. The stock had a trading volume of 8,613 shares, compared to its average volume of 9,080. The business has a 50-day simple moving average of $31.87. The stock has a market capitalization of $279.46 million, a PE ratio of 13.49, a PEG ratio of 2.54 and a beta of 0.72. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.30. MutualFirst Financial has a 12 month low of $24.28 and a 12 month high of $38.90.

MutualFirst Financial (NASDAQ:MFSF) last issued its earnings results on Tuesday, July 23rd. The bank reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. MutualFirst Financial had a net margin of 20.40% and a return on equity of 10.83%. The firm had revenue of $21.75 million for the quarter, compared to analyst estimates of $21.55 million. Sell-side analysts expect that MutualFirst Financial will post 2.56 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the stock. BidaskClub cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd.

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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