Bank Mutual (BKMU) Rating Lowered to Hold at BidaskClub

Bank Mutual (NASDAQ:BKMU) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Friday.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research raised Bank Mutual from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Thursday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.00 target price on shares of Bank Mutual in a research report on Thursday, October 19th.

Bank Mutual (NASDAQ:BKMU) opened at $11.05 on Friday. The firm has a market capitalization of $508.40, a price-to-earnings ratio of 26.31, a price-to-earnings-growth ratio of 4.56 and a beta of 0.55. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.04 and a current ratio of 1.06. Bank Mutual has a 12 month low of $8.60 and a 12 month high of $11.30.

Bank Mutual (NASDAQ:BKMU) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.08 earnings per share for the quarter, missing the Zacks’ 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 6.59% and a net margin of 12.07%. During the same period last year, the firm posted $0.10 EPS. equities analysts forecast that Bank Mutual will post 0.48 EPS for the current fiscal year.

In other Bank Mutual news, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gregory A. Larson sold 17,900 shares of Bank Mutual stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $10.60, for a total value of $189,740.00. Following the completion of the sale, the vice president now owns 117,144 shares in the company, valued at approximately $1,241,726.40. The disclosure for this sale can be found here. Insiders sold 66,893 shares of company stock worth $709,926 in the last 90 days. Company insiders own 10.00% of the company’s stock.

A number of large investors have recently bought and sold shares of BKMU. Magnetar Financial LLC purchased a new stake in Bank Mutual in the third quarter valued at $5,574,000. Mizuho Securities USA LLC purchased a new stake in Bank Mutual in the third quarter valued at $3,086,000. Dimensional Fund Advisors LP raised its position in Bank Mutual 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 purchasing an additional 135,017 shares during the period. Thrivent Financial For Lutherans raised its position in Bank Mutual by 66.5% in the second quarter. Thrivent Financial For Lutherans now owns 292,210 shares of the financial services provider’s stock valued at $2,674,000 after purchasing an additional 116,700 shares during the period. Finally, State Street Corp raised its position in Bank Mutual 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 purchasing an additional 88,581 shares during the period. 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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