DA Davidson Weighs in on Bank Mutual Corporation’s FY2017 Earnings (BKMU)

Bank Mutual Corporation (NASDAQ:BKMU) – Analysts at DA Davidson decreased their FY2017 earnings estimates for shares of Bank Mutual Corporation in a research note issued to investors on Tuesday, according to Zacks Investment Research. DA Davidson analyst K. Reevey now forecasts that the financial services provider will post earnings of $0.36 per share for the year, down from their prior estimate of $0.38. DA Davidson also issued estimates for Bank Mutual Corporation’s FY2019 earnings at $0.49 EPS.

Bank Mutual Corporation (NASDAQ:BKMU) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). Bank Mutual Corporation had a net margin of 14.19% and a return on equity of 5.72%. The business had revenue of $24.94 million during the quarter, compared to analysts’ expectations of $24.50 million. During the same period last year, the company earned $0.10 earnings per share.

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A number of other analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Bank Mutual Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.00 price target on shares of Bank Mutual Corporation in a report on Thursday, October 19th. BidaskClub cut shares of Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Hovde Group cut shares of Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 price objective for the company. in a research report on Friday, July 21st.

Shares of Bank Mutual Corporation (BKMU) traded up $0.05 during midday trading on Wednesday, reaching $10.10. 47,200 shares of the company were exchanged, compared to its average volume of 139,937. Bank Mutual Corporation has a 12-month low of $8.25 and a 12-month high of $10.80. The stock has a market capitalization of $466.29, a P/E ratio of 27.92, a PEG ratio of 5.48 and a beta of 0.57. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.05 and a quick ratio of 1.04.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Friday, November 17th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Thursday, November 16th. Bank Mutual Corporation’s dividend payout ratio (DPR) is 64.71%.

In related news, VP Gregory A. Larson sold 17,900 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $10.60, for a total value of $189,740.00. Following the completion of the sale, the vice president now owns 117,144 shares of the company’s stock, valued at $1,241,726.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 approximately $388,630.71. The disclosure for this sale can be found here. 10.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in Bank Mutual Corporation by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,682,828 shares of the financial services provider’s stock worth $24,548,000 after buying an additional 135,017 shares during the period. Vanguard Group Inc. boosted its stake in Bank Mutual Corporation by 2.7% during the second quarter. Vanguard Group Inc. now owns 2,523,326 shares of the financial services provider’s stock worth $23,088,000 after buying an additional 66,250 shares during the period. Renaissance Technologies LLC boosted its stake in Bank Mutual Corporation by 0.7% during the first quarter. Renaissance Technologies LLC now owns 2,040,153 shares of the financial services provider’s stock worth $19,177,000 after buying an additional 13,830 shares during the period. State Street Corp boosted its stake in Bank Mutual Corporation by 8.6% during the second quarter. State Street Corp now owns 1,124,040 shares of the financial services provider’s stock worth $10,288,000 after buying an additional 88,581 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Bank Mutual Corporation by 3.2% during the first quarter. Bank of New York Mellon Corp now owns 691,393 shares of the financial services provider’s stock worth $6,499,000 after buying an additional 21,144 shares during the period. 56.71% of the stock is owned by institutional investors.

About Bank Mutual Corporation

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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Earnings History and Estimates for Bank Mutual Corporation (NASDAQ:BKMU)

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