Bank Mutual (NASDAQ:BKMU) Upgraded to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Bank Mutual (NASDAQ:BKMU) from a sell rating to a hold rating in a research note 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 reaffirmed a hold rating and set a $11.00 price objective on shares of Bank Mutual in a research report on Thursday, October 19th.

Bank Mutual (BKMU) opened at $11.20 on Tuesday. The firm has a market cap of $498.43, a P/E ratio of 32.94, a P/E/G ratio of 4.43 and a beta of 0.55. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 1.40. Bank Mutual has a 52-week low of $8.60 and a 52-week high of $11.20.

Bank Mutual (NASDAQ:BKMU) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The business had revenue of $24.94 million for the quarter, compared to the consensus estimate of $24.50 million. Bank Mutual had a net margin of 14.19% and a return on equity of 5.72%. During the same period in the previous year, the business posted $0.10 EPS. equities analysts expect that Bank Mutual will post 0.37 EPS for the current year.

In other news, VP Christopher L. Mayne sold 16,500 shares of Bank Mutual stock in a transaction that occurred 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 transaction, the vice president now owns 74,500 shares of the company’s stock, valued at $803,855. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael W. Dosland sold 32,493 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was 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 approximately $388,630.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,893 shares of company stock worth $709,926. Insiders own 10.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Arizona State Retirement System grew its stake in shares of Bank Mutual by 0.5% in the second quarter. Arizona State Retirement System now owns 22,052 shares of the financial services provider’s stock worth $202,000 after acquiring an additional 100 shares during the last quarter. Texas Permanent School Fund grew its stake in shares of Bank Mutual by 1.4% in the second quarter. Texas Permanent School Fund now owns 30,852 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 417 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Bank Mutual by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 174,174 shares of the financial services provider’s stock worth $1,594,000 after acquiring an additional 950 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Bank Mutual by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 228,138 shares of the financial services provider’s stock worth $2,087,000 after acquiring an additional 1,324 shares during the last quarter. Finally, Citadel Advisors LLC grew its stake in shares of Bank Mutual by 9.0% in the second quarter. Citadel Advisors LLC now owns 17,290 shares of the financial services provider’s stock worth $158,000 after acquiring an additional 1,421 shares during the last quarter. Institutional investors and hedge funds own 54.84% of the company’s stock.

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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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