MutualFirst Financial, Inc. (Nasdaq:MFSF) Dips To New 52 Week Low

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MFSF
MFSF

MutualFirst Financial, Inc. (Nasdaq:MFSF)

December 5th, 2018
Amidst falling markets MutualFirst Financial, Inc. finished Tuesday’s trading session down 6.27%, a $2.25 decrease to close on $33.65. As well as the drop in value, MutualFirst Financial, Inc. hit a new 52 week low of $33.61, breaking the previous low of $33.66 from earlier this September.

MFSF was outperformed by the rest of the Financials sector which went down only 4.40%.

Analysis results from 3 analysts suggest that MutualFirst Financial, Inc. could increase somewhat (3.98%), while Finbox has calculated (with high uncertainty) a fair value price of $28.46.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector falling 13%.

Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary experienced turn arounds from their five day positive performance, Industrials with a drop of 4.35%.

Sector Breakdown

  • Utilities went up with a 0.15% change.
  • Real Estate went down with a -1.26% change.
  • Consumer Staples went down with a -1.63% change.
  • Healthcare went down with a -2.30% change.
  • Energy went down with a -2.93% change.
  • Materials went down with a -3.08% change.
  • Communication Services went down with a -3.14% change.
  • Information Technology went down with a -3.86% change.
  • Consumer Discretionary went down with a -3.91% change.
  • Industrials went down with a -4.35% change.
  • Financials went down with a -4.40% change.

MutualFirst Financial, Inc. Info

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. In addition, it operates as an insurance agent; and sells life and other insurance products. Further, the company provides trust, investment, broker advisory, retirement plan, and private banking products and services. It has 27 full service retail financial centers in Allen, Delaware, Elkhart, Grant, Kosciusko, Randolph, St. Joseph, and Wabash counties in Indiana; and wealth management offices in Fishers and Crawfordsville, Indiana; and 1 loan origination office in New Buffalo, Michigan. MutualFirst Financial, Inc. was founded in 1889 and is headquartered in Muncie, Indiana.

All amounts in USD unless otherwise indicated

MFSF daily update
MFSF daily update


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