Zacks Investment Research upgraded shares of Bank Mutual (NASDAQ:BKMU) from a sell rating to a hold rating in a report published on Tuesday, December 26th. Zacks Investment Research currently has $12.00 target price on the financial services provider’s stock.
According to Zacks, “Bank Mutual Corporation is a financial institution holding company for two subsidiary banks, Mutual Savings Bank and First Northern Savings Bank. “
Separately, Keefe, Bruyette & Woods reiterated a hold rating and issued a $11.00 target price on shares of Bank Mutual in a report on Thursday, October 19th.
Bank Mutual (NASDAQ:BKMU) opened at $11.15 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 1.40. Bank Mutual has a 12 month low of $8.60 and a 12 month high of $11.30. The firm has a market cap of $512.21, a P/E ratio of 32.79, a price-to-earnings-growth ratio of 4.62 and a beta of 0.55.
Bank Mutual (NASDAQ:BKMU) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). Bank Mutual had a return on equity of 5.72% and a net margin of 14.19%. The firm had revenue of $24.94 million for the quarter, compared to analyst estimates of $24.50 million. During the same quarter in the prior year, the business earned $0.10 EPS. sell-side analysts predict that Bank Mutual will post 0.37 earnings per share for the current fiscal year.
In related news, VP Christopher L. Mayne sold 16,500 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $10.79, for a total value of $178,035.00. Following the completion of the sale, the vice president now directly owns 74,500 shares of the company’s stock, valued at $803,855. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Michael W. Dosland sold 32,493 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $10.53, for a total transaction of $342,151.29. Following the completion of the sale, the insider now directly owns 36,907 shares of the company’s stock, valued at $388,630.71. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,893 shares of company stock valued at $709,926. Corporate insiders own 10.00% of the company’s stock.
Institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in shares of Bank Mutual by 56.0% during the second quarter. BNP Paribas Arbitrage SA now owns 12,431 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 4,464 shares during the period. Context BH Capital Management LP acquired a new position in shares of Bank Mutual during the third quarter worth about $115,000. SG Americas Securities LLC acquired a new position in shares of Bank Mutual during the third quarter worth about $115,000. Susquehanna International Group LLP acquired a new position in Bank Mutual during the second quarter worth about $127,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Bank Mutual during the third quarter worth about $149,000. Institutional investors and hedge funds own 54.84% of the company’s stock.
Bank Mutual Company Profile
Bank Mutual Corporation is a savings and loan holding company. The Company owns Bank Mutual (the Bank), a federally-chartered savings bank. The Bank is engaged in the business of community banking, which includes attracting deposits from and making loans to the general public and private businesses, as well as governmental and non-profit entities.
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