Bank Mutual (BKMU) Downgraded by Zacks Investment Research to Hold

Bank Mutual (NASDAQ:BKMU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Bank Mutual Corporation is a financial institution holding company for two subsidiary banks, Mutual Savings Bank and First Northern Savings Bank. “

A number of other research firms have also commented on BKMU. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.00 price target on shares of Bank Mutual in a research report on Thursday, October 19th. BidaskClub lowered Bank Mutual from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th.

Shares of Bank Mutual (BKMU) traded up $0.05 during trading hours on Wednesday, hitting $11.05. The stock had a trading volume of 79,636 shares, compared to its average volume of 101,773. 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 has a one year low of $8.60 and a one year high of $11.30. The firm has a market capitalization of $513.00, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 4.60 and a beta of 0.55.

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

In related news, VP Christopher L. Mayne sold 16,500 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $10.79, for a total value of $178,035.00. Following the completion of the sale, the vice president now directly owns 74,500 shares of the company’s stock, valued at approximately $803,855. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael W. Dosland sold 32,493 shares of the stock in a transaction on 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 of the company’s stock, valued at $388,630.71. The disclosure for this sale can be found here. Insiders sold a total of 66,893 shares of company stock valued at $709,926 over the last three months. 10.00% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. raised its position in Bank Mutual by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 174,174 shares of the financial services provider’s stock valued at $1,594,000 after buying an additional 950 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Bank Mutual by 0.6% in the 2nd 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 stake in Bank Mutual by 9.0% in the 2nd 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 stake in Bank Mutual by 0.6% in the 2nd 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 stake in Bank Mutual by 9.6% in the 2nd 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 institutional investors and hedge funds.

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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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