Asset manager Ancora Advisors LLC now has a 7.22% stake in MutualFirst Financial Inc., up from the 5.09% it owned in May 2015.
The investor beneficially holds 533,322 shares of the Muncie, Ind.-based company's stock, with 50,075 of the shares purchased from Jan. 2 to March 1 at per-share prices ranging from $35.03 to $38.93.
MutualFirst is the holding company of MutualBank, which had $1.59 billion in assets at the end of 2017.
