Bank Mutual Co. (BKMU) Short Interest Update
Bank Mutual Co. (NASDAQ:BKMU) was the target of a significant increase in short interest during the month of April. As of April 28th, there was short interest totalling 232,209 shares, an increase of 9.4% from the April 13th total of 212,322 shares. Based on an average daily trading volume, of 91,847 shares, the short-interest ratio is currently 2.5 days.
Separately, Zacks Investment Research cut shares of Bank Mutual from a “buy” rating to a “hold” rating in a report on Tuesday, January 24th.
A number of hedge funds have recently added to or reduced their stakes in BKMU. Louisiana State Employees Retirement System increased its stake in Bank Mutual by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 17,100 shares of the financial services provider’s stock valued at $161,000 after buying an additional 200 shares during the period. Arizona State Retirement System increased its stake in Bank Mutual 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 buying an additional 300 shares during the period. Prudential Financial Inc. increased its stake in Bank Mutual 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 buying an additional 600 shares during the period. Alliancebernstein L.P. increased its stake in Bank Mutual by 1.1% in the first quarter. Alliancebernstein L.P. now owns 57,000 shares of the financial services provider’s stock valued at $536,000 after buying an additional 600 shares during the period. Finally, TD Asset Management Inc. increased its stake in Bank Mutual by 9.9% in the first quarter. TD Asset Management Inc. now owns 11,100 shares of the financial services provider’s stock valued at $104,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 51.03% of the company’s stock.
Bank Mutual (NASDAQ:BKMU) opened at 9.45 on Monday. The stock has a market cap of $434.06 million, a PE ratio of 27.00 and a beta of 0.79. Bank Mutual has a 12-month low of $7.31 and a 12-month high of $10.20. The firm has a 50 day moving average of $9.43 and a 200-day moving average of $9.27.
Bank Mutual (NASDAQ:BKMU) last issued its earnings results on Wednesday, April 19th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. Bank Mutual had a net margin of 15.41% and a return on equity of 5.91%. The business had revenue of $23.99 million during the quarter, compared to analysts’ expectations of $24.55 million. During the same quarter in the prior year, the business posted $0.10 EPS. On average, analysts expect that Bank Mutual will post $0.38 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 29th. Stockholders of record on Friday, May 12th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Wednesday, May 10th. Bank Mutual’s payout ratio is 57.90%.
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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