DA Davidson Comments on Bank Mutual Corporation’s Q1 2018 Earnings (NASDAQ:BKMU)

Bank Mutual Corporation (NASDAQ:BKMU) – DA Davidson issued their Q1 2018 earnings per share (EPS) estimates for Bank Mutual Corporation in a research note issued to investors on Tuesday, according to Zacks Investment Research. DA Davidson analyst K. Reevey expects that the financial services provider will earn $0.11 per share for the quarter. DA Davidson also issued estimates for Bank Mutual Corporation’s Q2 2018 earnings at $0.11 EPS, Q3 2018 earnings at $0.11 EPS and Q4 2018 earnings at $0.12 EPS.

A number of other research firms have also issued reports on BKMU. Hovde Group lowered Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 price target for the company. in a research report on Friday, July 21st. Keefe, Bruyette & Woods restated a “hold” rating on shares of Bank Mutual Corporation in a research report on Sunday, July 23rd. BidaskClub lowered Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Zacks Investment Research lowered Bank Mutual Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th.

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Bank Mutual Corporation (NASDAQ BKMU) opened at $10.10 on Thursday. Bank Mutual Corporation has a fifty-two week low of $8.25 and a fifty-two week high of $10.80. The company has a market capitalization of $464.69, a P/E ratio of 28.06, a price-to-earnings-growth ratio of 5.51 and a beta of 0.57. 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 (NASDAQ:BKMU) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Bank Mutual Corporation had a net margin of 14.19% and a return on equity of 5.72%. 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 EPS.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Bank Mutual Corporation by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,682,828 shares of the financial services provider’s stock valued at $24,548,000 after acquiring an additional 135,017 shares in the last quarter. Vanguard Group Inc. raised its stake in Bank Mutual Corporation by 2.7% in the second quarter. Vanguard Group Inc. now owns 2,523,326 shares of the financial services provider’s stock valued at $23,088,000 after buying an additional 66,250 shares in the last quarter. Renaissance Technologies LLC raised its stake in Bank Mutual Corporation by 0.7% in the first quarter. Renaissance Technologies LLC now owns 2,040,153 shares of the financial services provider’s stock valued at $19,177,000 after buying an additional 13,830 shares in the last quarter. State Street Corp raised its stake in Bank Mutual Corporation by 8.6% in the second quarter. State Street Corp now owns 1,124,040 shares of the financial services provider’s stock valued at $10,288,000 after buying an additional 88,581 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake 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 buying an additional 21,144 shares in the last quarter. Institutional investors and hedge funds own 56.71% of the company’s stock.

In other news, VP Gregory A. Larson sold 17,900 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $10.60, for a total value of $189,740.00. Following the sale, the vice president now directly owns 117,144 shares in the company, valued at $1,241,726.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 owns 36,907 shares in the company, valued at $388,630.71. The disclosure for this sale can be found here. Corporate insiders own 10.00% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Friday, November 17th will be given a $0.055 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.22 annualized dividend and a yield of 2.18%. Bank Mutual Corporation’s payout ratio is 64.71%.

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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Earnings History and Estimates for Bank Mutual Corporation (NASDAQ:BKMU)

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