Bank Mutual (NASDAQ:BKMU) Downgraded by BidaskClub to “Hold”

BidaskClub lowered shares of Bank Mutual (NASDAQ:BKMU) from a buy rating to a hold rating in a research report released on Thursday, January 4th.

Other equities analysts also recently issued reports about the company. Zacks Investment Research downgraded Bank Mutual from a hold rating to a sell rating in a research report on Wednesday, September 20th. Keefe, Bruyette & Woods restated a hold rating and set a $11.00 price objective on shares of Bank Mutual in a research report on Thursday, October 19th.

Bank Mutual (NASDAQ:BKMU) traded down $0.05 on Thursday, hitting $11.15. The stock had a trading volume of 52,601 shares, compared to its average volume of 160,192. The firm has a market cap of $512.21, a price-to-earnings ratio of 32.79, a P/E/G ratio of 4.62 and a beta of 0.55. Bank Mutual has a 12 month low of $8.60 and a 12 month high of $11.30. 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 (NASDAQ:BKMU) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, missing the 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 period last year, the company posted $0.10 earnings per share. equities analysts anticipate that Bank Mutual will post 0.37 EPS for the current year.

In related news, VP Gregory A. Larson sold 17,900 shares of Bank Mutual stock in a transaction 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 directly owns 117,144 shares in the company, valued at $1,241,726.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Christopher L. Mayne sold 16,500 shares of Bank Mutual 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 sale, the vice president now owns 74,500 shares in the company, 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 in the last three months. Insiders own 10.00% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the business. Great West Life Assurance Co. Can raised its stake in shares of Bank Mutual by 10.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 62,876 shares of the financial services provider’s stock valued at $572,000 after purchasing an additional 6,000 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Bank Mutual by 0.5% during 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 purchasing an additional 950 shares during the period. Arizona State Retirement System raised its stake in shares of Bank Mutual by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 22,052 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 100 shares during the period. Legal & General Group Plc raised its stake in shares of Bank Mutual by 8.8% during the 2nd quarter. Legal & General Group Plc now owns 77,707 shares of the financial services provider’s stock valued at $710,000 after purchasing an additional 6,292 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Bank Mutual by 56.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,431 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 4,464 shares during the period. Hedge funds and other institutional investors own 54.84% of the company’s stock.

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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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