Stock News Recap: MutualFirst Financial, Inc. (NASDAQ: MFSF)

MutualFirst Financial, Inc. (NASDAQ: MFSF) stock recorded a change of -10.29% away from 50 day moving average and -21.54% away from 200 day moving average. Moving closer, we can see that shares have been trading 3.55% off 20-day moving average. The stock recently spotted trading -29.43% off 52-week high price. On the other end, the stock has been noted 16.27% away from low price over the last 52-weeks. It has market cap of $233.74M and dividend yield of 2.83%.

MutualFirst Financial, Inc. (NASDAQ: MFSF) has declared its intention to repurchase up to 430,000 shares or approximately 5% of its outstanding shares in the open market and in privately negotiated transactions.  These shares will be purchased from time to time over a twelve-month period depending upon market conditions.

David W. Heeter, President and Chief Executive Officer of the Company, indicated that the Board of Directors approved the repurchase program in view of the current price level of the Company’s common stock and the strong capital position of the Company’s subsidiary, MutualBank.  Mr. Heeter stated, “We believe that the disciplined repurchase of our shares represents an attractive investment opportunity that will benefit the Company and our stockholders.”

 The USA based company MutualFirst Financial moved with change of 3.71% to $28.23 with the total traded volume of 17082 shares in recent session versus to an average volume of 8.6K. The stock was observed in the 5 days activity at 1.51%. The one month performance of stock was -5.49%. MFSF’s shares are at -20.81% for the quarter and driving a -27.24% return over the course of the past year and is now at 6.25% since this point in 2018. 

 Right now the stock beta is 0.64. The average volatility for the week and month was at 3.99% and 5.41% respectively. There are 8.28M shares outstanding and 7.24M shares are floated in market.

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