Bank Mutual (BKMU) Upgraded to “Buy” by BidaskClub

Bank Mutual (NASDAQ:BKMU) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Bank Mutual from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.00 target price on shares of Bank Mutual in a research report on Thursday, October 19th.

Bank Mutual (NASDAQ:BKMU) opened at $11.15 on Friday. 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 firm has a market cap of $498.43, a price-to-earnings ratio of 32.79, a price-to-earnings-growth ratio of 4.43 and a beta of 0.55. Bank Mutual has a 12-month low of $8.60 and a 12-month high of $11.30.

Bank Mutual (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 Zacks’ consensus estimate of $0.10 by ($0.02). The company had revenue of $24.94 million for the quarter, compared to analyst estimates of $24.50 million. Bank Mutual had a return on equity of 5.72% and a net margin of 14.19%. During the same quarter in the prior year, the company posted $0.10 earnings per share. equities analysts predict that Bank Mutual will post 0.37 EPS for the current fiscal year.

In other news, insider Michael W. Dosland sold 32,493 shares of the stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $10.53, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Christopher L. Mayne sold 16,500 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $10.79, for a total transaction of $178,035.00. Following the completion of the sale, the vice president now owns 74,500 shares of the company’s stock, valued at $803,855. The disclosure for this sale can be found here. Insiders sold 66,893 shares of company stock valued at $709,926 over the last quarter. Company insiders own 10.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. grew its holdings 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 valued at $1,594,000 after purchasing an additional 950 shares during the period. Ameriprise Financial Inc. grew its holdings 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 valued at $2,087,000 after purchasing an additional 1,324 shares during the period. Citadel Advisors LLC grew its holdings 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 valued at $158,000 after purchasing an additional 1,421 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Bank Mutual by 0.6% in the second quarter. Principal Financial Group Inc. now owns 321,415 shares of the financial services provider’s stock valued at $2,941,000 after purchasing an additional 1,904 shares during the period. Finally, Pinebridge Investments L.P. grew its holdings in shares of Bank Mutual by 9.6% in the second quarter. Pinebridge Investments L.P. now owns 26,882 shares of the financial services provider’s stock valued at $246,000 after purchasing an additional 2,353 shares during the period. 54.84% of the stock is owned by hedge funds and other institutional investors.

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About Bank Mutual

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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