BidaskClub Upgrades Bank Mutual (NASDAQ:BKMU) to Buy

Bank Mutual (NASDAQ:BKMU) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Saturday, January 13th.

Several other analysts also recently issued reports on BKMU. Zacks Investment Research downgraded shares of Bank Mutual from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.00 price target on shares of Bank Mutual in a report on Thursday, October 19th.

Bank Mutual (NASDAQ BKMU) opened at $11.05 on Friday. The company has a market cap of $501.50, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55. The company has a quick ratio of 1.04, a current ratio of 1.06 and a debt-to-equity ratio of 1.44. Bank Mutual has a one year low of $8.60 and a one year high of $11.30.

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 the Thomson Reuters’ 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 had a net margin of 12.07% and a return on equity of 6.59%. During the same period in the previous year, the firm earned $0.10 EPS. equities research analysts anticipate that Bank Mutual will post 0.48 EPS for the current year.

In other Bank Mutual news, insider Michael W. Dosland sold 32,493 shares of the business’s 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 directly owns 36,907 shares in the company, valued at $388,630.71. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Gregory A. Larson sold 17,900 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $10.60, for a total transaction of $189,740.00. Following the sale, the vice president now owns 117,144 shares of the company’s stock, valued at $1,241,726.40. The disclosure for this sale can be found here. Insiders have sold 66,893 shares of company stock valued at $709,926 in the last ninety days. 10.00% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Context BH Capital Management LP bought a new position in Bank Mutual during the 3rd quarter valued at $115,000. SG Americas Securities LLC acquired a new stake in shares of Bank Mutual during the third quarter worth $115,000. BNP Paribas Arbitrage SA raised its holdings in shares of Bank Mutual by 56.0% during the second quarter. BNP Paribas Arbitrage SA now owns 12,431 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 4,464 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of Bank Mutual during the second quarter worth $127,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Bank Mutual during the third quarter worth $149,000. Hedge funds and other institutional investors 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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