Bank Mutual Corporation (NASDAQ:BKMU) insider Michael W. Dosland sold 32,493 shares of Bank Mutual Corporation stock in a transaction that occurred 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 owns 36,907 shares in the company, valued at $388,630.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Bank Mutual Corporation (NASDAQ BKMU) opened at $10.10 on Friday. The stock has a market cap of $464.69, a PE ratio of 28.06, a PEG ratio of 5.51 and a beta of 0.57. Bank Mutual Corporation has a 52-week low of $8.25 and a 52-week high of $10.80. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.05 and a quick ratio of 1.04.
Bank Mutual Corporation (NASDAQ:BKMU) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The firm had revenue of $24.94 million for the quarter, compared to the consensus estimate 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 period in the prior year, the company earned $0.10 EPS. sell-side analysts forecast that Bank Mutual Corporation will post 0.37 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Friday, November 17th will be paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Thursday, November 16th. Bank Mutual Corporation’s dividend payout ratio is currently 64.71%.
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A number of analysts have recently issued reports on the stock. BidaskClub downgraded shares of Bank Mutual Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Keefe, Bruyette & Woods restated a “hold” rating and set a $11.00 target price on shares of Bank Mutual Corporation in a report on Thursday, October 19th. Zacks Investment Research downgraded shares of Bank Mutual Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Finally, Hovde Group downgraded shares of 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.
Several institutional investors have recently added to or reduced their stakes in BKMU. Crescent Grove Advisors LLC acquired a new position in shares of Bank Mutual Corporation in the second quarter valued at approximately $113,000. BNP Paribas Arbitrage SA increased its position in Bank Mutual Corporation by 56.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,431 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 4,464 shares during the period. Context BH Capital Management LP acquired a new stake in Bank Mutual Corporation during the 3rd quarter valued at approximately $115,000. SG Americas Securities LLC bought a new position in shares of Bank Mutual Corporation during the 3rd quarter worth approximately $115,000. Finally, Susquehanna International Group LLP bought a new position in shares of Bank Mutual Corporation during the 2nd quarter worth approximately $127,000. 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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