What’s MutualFirst Financial, Inc. (MFSF) Upside After Forming Bullish Double Top Chart Pattern?

June 19, 2017 - By Linda Rogers

Investors sentiment increased to 2.55 in 2016 Q4. Its up 0.82, from 1.73 in 2016Q3. It is positive, as 1 investors sold MutualFirst Financial, Inc. shares while 10 reduced holdings. 7 funds opened positions while 21 raised stakes. 3.33 million shares or 0.48% less from 3.35 million shares in 2016Q3 were reported.
Moreover, Pl Capital Advsrs Ltd has 6.23% invested in MutualFirst Financial, Inc. (NASDAQ:MFSF). Beese Fulmer Mngmt Incorporated has 8,368 shares. State Common Retirement Fund holds 0% or 3,995 shares in its portfolio. Tower Capital Ltd Llc (Trc) accumulated 417 shares or 0% of the stock. First Tru Advisors Ltd Partnership invested in 0% or 6,980 shares. Minerva Advsrs Ltd Liability Corporation owns 0.58% invested in MutualFirst Financial, Inc. (NASDAQ:MFSF) for 30,926 shares. California State Teachers Retirement Sys invested 0% of its portfolio in MutualFirst Financial, Inc. (NASDAQ:MFSF). 358 are owned by Blackrock. Bridgeway Cap Mngmt holds 0.03% or 71,466 shares in its portfolio. Pinnacle Lc holds 0% of its portfolio in MutualFirst Financial, Inc. (NASDAQ:MFSF) for 33,810 shares. James Investment Inc reported 0.03% in MutualFirst Financial, Inc. (NASDAQ:MFSF). Nationwide Fund Advsrs invested in 3,073 shares. Int Grp Inc Inc owns 3,128 shares. Jpmorgan Chase And invested 0% in MutualFirst Financial, Inc. (NASDAQ:MFSF). Kessler Invest Grp Limited Liability Com invested in 0.13% or 3,286 shares.

Since February 6, 2017, it had 0 insider buys, and 9 insider sales for $374,687 activity. MARIEN MICHAEL J sold 1,234 shares worth $40,136.

The chart of MutualFirst Financial, Inc. (MFSF) shows a double top with $36.67 target or 3.00 % above today’s $35.60 share price. The 7 months chart pattern indicates low risk for the $258.50 million company. It was reported on Jun, 19 by Finviz.com. If the $36.67 price target is reached, the company will be worth $7.76 million more. Double tops are rare but powerful chart patterns.

About 107 shares traded. MutualFirst Financial, Inc. (NASDAQ:MFSF) has risen 21.64% since June 19, 2016 and is uptrending. It has outperformed by 4.94% the S&P500.

Wall Street await MutualFirst Financial, Inc. (NASDAQ:MFSF) to release earnings on July, 24. Analysts forecast EPS of $0.42, down exactly $0.13 or 23.64 % from 2014’s $0.55 EPS. The expected MFSF’s profit could reach $3.05 million giving the stock 21.19 P/E in the case that $0.42 earnings per share is reported. After posting $0.43 EPS for the previous quarter, MutualFirst Financial, Inc.’s analysts now forecast -2.33 % negative EPS growth.

MutualFirst Financial, Inc. (NASDAQ:MFSF) Ratings Coverage

Among 2 analysts covering Mutualfirst Financial Inc (NASDAQ:MFSF), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Mutualfirst Financial Inc had 3 analyst reports since October 27, 2015 according to SRatingsIntel. The company was maintained on Thursday, June 1 by Keefe Bruyette & Woods. The firm has “Underperform” rating by DA Davidson given on Thursday, July 21.

More recent MutualFirst Financial, Inc. (NASDAQ:MFSF) news were published by: Nasdaq.com which released: “MutualFirst Financial Inc. (MFSF) Ex-Dividend Date Scheduled for June 07, 2017” on June 06, 2017. Also Prnewswire.com published the news titled: “MutualFirst Financial, Inc. Announces Agreement with Major Stockholder” on February 27, 2015. Reuters.com‘s news article titled: “BRIEF-MutualFirst Financial reappoints Richard Lashley to its board” with publication date: April 28, 2017 was also an interesting one.

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