Analysts Anticipate Bank Mutual Corp. (BKMU) to Post $0.09 EPS
Shares of Bank Mutual Corp. (NASDAQ:BKMU) have been given an average broker rating score of 2.50 (Hold) from the four analysts that cover the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Bank Mutual Corp.’s rating score has declined by 7.3% from 90 days ago as a result of various analysts’ ratings changes.
Analysts have set a 1 year consensus price objective of $8.25 for the company and are expecting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also given Bank Mutual Corp. an industry rank of 103 out of 265 based on the ratings given to related companies.
Several research analysts have recently commented on BKMU shares. Zacks Investment Research downgraded Bank Mutual Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th. DA Davidson started coverage on Bank Mutual Corp. in a report on Monday, October 3rd. They issued a “neutral” rating and a $8.25 target price on the stock.
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In other Bank Mutual Corp. news, VP Christopher L. Mayne sold 50,000 shares of the company’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $7.84, for a total transaction of $392,000.00. Following the completion of the sale, the vice president now owns 110,100 shares in the company, valued at approximately $863,184. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.80% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. boosted its stake in Bank Mutual Corp. by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 150,426 shares of the financial services provider’s stock worth $1,156,000 after buying an additional 2,016 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in Bank Mutual Corp. during the second quarter worth approximately $511,000. Arizona State Retirement System boosted its stake in Bank Mutual Corp. by 0.9% in the second quarter. Arizona State Retirement System now owns 21,952 shares of the financial services provider’s stock worth $169,000 after buying an additional 200 shares in the last quarter. Paloma Partners Management Co purchased a new stake in Bank Mutual Corp. during the second quarter worth approximately $131,000. Finally, KCG Holdings Inc. boosted its stake in Bank Mutual Corp. by 35.1% in the second quarter. KCG Holdings Inc. now owns 15,789 shares of the financial services provider’s stock worth $121,000 after buying an additional 4,105 shares in the last quarter. Institutional investors and hedge funds own 51.29% of the company’s stock.
Shares of Bank Mutual Corp. (NASDAQ:BKMU) traded down 0.25% during trading on Tuesday, hitting $7.92. The stock had a trading volume of 10,314 shares. Bank Mutual Corp. has a 52 week low of $7.00 and a 52 week high of $8.49. The stock’s 50 day moving average is $7.76 and its 200 day moving average is $7.77. The stock has a market capitalization of $361.07 million, a price-to-earnings ratio of 23.29 and a beta of 1.15.
Bank Mutual Corp. (NASDAQ:BKMU) last released its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Bank Mutual Corp. had a return on equity of 5.48% and a net margin of 14.75%. During the same quarter in the prior year, the business earned $0.08 EPS. On average, equities research analysts expect that Bank Mutual Corp. will post $0.37 earnings per share for the current fiscal year.
Bank Mutual Corp. 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 Company operates through community banking segment. 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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