Bank Mutual Corporation (NASDAQ:BKMU) insider Michael W. Dosland sold 32,493 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now 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 at this hyperlink.
Shares of Bank Mutual Corporation (BKMU) traded up $0.05 during midday trading on Friday, hitting $10.10. The company had a trading volume of 47,200 shares, compared to its average volume of 132,073. 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 Corporation has a 52-week low of $8.25 and a 52-week high of $10.80. The firm has a market capitalization of $464.69, a P/E ratio of 28.06, a PEG ratio of 5.51 and a beta of 0.57.
Bank Mutual Corporation (NASDAQ:BKMU) last issued its quarterly 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). Bank Mutual Corporation had a return on equity of 5.72% and a net margin of 14.19%. The company had revenue of $24.94 million for the quarter, compared to analyst estimates of $24.50 million. During the same period in the prior year, the business earned $0.10 earnings per share. research analysts expect that Bank Mutual Corporation will post 0.37 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Friday, November 17th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date of this dividend is Thursday, November 16th. Bank Mutual Corporation’s dividend payout ratio (DPR) is currently 64.71%.
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A number of institutional investors have recently added to or reduced their stakes in BKMU. Bank of New York Mellon Corp lifted its holdings in Bank Mutual Corporation by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 691,393 shares of the financial services provider’s stock valued at $6,499,000 after acquiring an additional 21,144 shares during the period. Comerica Bank lifted its holdings in Bank Mutual Corporation by 3.8% in the first quarter. Comerica Bank now owns 46,327 shares of the financial services provider’s stock valued at $426,000 after acquiring an additional 1,689 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Bank Mutual Corporation by 16.5% in the first quarter. Parametric Portfolio Associates LLC now owns 114,361 shares of the financial services provider’s stock valued at $1,075,000 after acquiring an additional 16,162 shares during the period. Prudential Financial Inc. lifted its holdings in Bank Mutual Corporation by 0.8% in the first quarter. Prudential Financial Inc. now owns 72,088 shares of the financial services provider’s stock valued at $678,000 after acquiring an additional 600 shares during the period. Finally, Arizona State Retirement System lifted its holdings in Bank Mutual Corporation by 1.4% in the first quarter. Arizona State Retirement System now owns 21,952 shares of the financial services provider’s stock valued at $206,000 after acquiring an additional 300 shares during the period. 56.71% of the stock is owned by institutional investors.
A number of equities analysts have recently issued reports on BKMU shares. Hovde Group lowered 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 research report on Friday, July 21st. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Bank Mutual Corporation in a report on Sunday, July 23rd. BidaskClub downgraded Bank Mutual Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research downgraded Bank Mutual Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th.
Bank Mutual Corporation 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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