Bank Mutual Corporation (NASDAQ:BKMU) – Research analysts at DA Davidson issued their Q1 2018 earnings per share (EPS) estimates for shares of Bank Mutual Corporation in a research note issued on Tuesday, according to Zacks Investment Research. DA Davidson analyst K. Reevey forecasts that the financial services provider will earn $0.11 per share for the quarter. DA Davidson also issued estimates for Bank Mutual Corporation’s Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.11 EPS and Q4 2018 earnings at $0.12 EPS.
Bank Mutual Corporation (NASDAQ:BKMU) last released 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). The firm had revenue of $24.94 million during the quarter, compared to analysts’ expectations of $24.50 million. Bank Mutual Corporation had a return on equity of 5.72% and a net margin of 14.19%. During the same quarter last year, the business earned $0.10 earnings per share.
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BKMU has been the topic of a number of other reports. 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. Hovde Group cut Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 target price on the stock. in a report on Friday, July 21st. Zacks Investment Research cut Bank Mutual Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Finally, BidaskClub lowered Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th.
Shares of Bank Mutual Corporation (NASDAQ BKMU) opened at $10.10 on Thursday. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $464.69, a PE ratio of 28.06, a price-to-earnings-growth ratio of 5.51 and a beta of 0.57. Bank Mutual Corporation has a twelve month low of $8.25 and a twelve month high of $10.80.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Friday, November 17th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Thursday, November 16th. Bank Mutual Corporation’s payout ratio is presently 64.71%.
In related news, VP Gregory A. Larson sold 17,900 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $10.60, for a total value of $189,740.00. Following the transaction, the vice president now directly owns 117,144 shares of the company’s stock, valued at approximately $1,241,726.40. The transaction was disclosed in a legal 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 on 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 in the company, valued at $388,630.71. The disclosure for this sale can be found here. Corporate insiders own 10.00% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. boosted its stake in shares of Bank Mutual Corporation by 0.8% during the 1st quarter. Prudential Financial Inc. now owns 72,088 shares of the financial services provider’s stock worth $678,000 after acquiring an additional 600 shares in the last quarter. Citadel Advisors LLC boosted its position in Bank Mutual Corporation by 9.8% in the 1st quarter. Citadel Advisors LLC now owns 15,869 shares of the financial services provider’s stock valued at $149,000 after buying an additional 1,417 shares during the period. Mizuho Securities USA LLC purchased a new position in Bank Mutual Corporation in the 3rd quarter valued at approximately $3,086,000. Geode Capital Management LLC boosted its position in Bank Mutual Corporation by 0.5% in the 1st quarter. Geode Capital Management LLC now owns 340,493 shares of the financial services provider’s stock valued at $3,200,000 after buying an additional 1,582 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its position in Bank Mutual Corporation by 9.3% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 31,840 shares of the financial services provider’s stock valued at $299,000 after buying an additional 2,717 shares during the period. 56.71% of the stock is currently owned by institutional investors and hedge funds.
Bank Mutual Corporation 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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