Bank Mutual Corporation (NASDAQ:BKMU)‘s stock had its “hold” rating reaffirmed by investment analysts at Keefe, Bruyette & Woods in a report released on Thursday. They currently have a $11.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 1.85% from the stock’s current price.

Several other research analysts also recently issued reports on BKMU. BidaskClub downgraded shares of Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Zacks Investment Research cut shares of Bank Mutual Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Finally, Hovde Group cut shares of Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 price objective for the company. in a report on Friday, July 21st.

Bank Mutual Corporation (NASDAQ BKMU) traded up 5.37% during midday trading on Thursday, reaching $10.80. 168,923 shares of the company’s stock traded hands. The firm has a market cap of $496.13 million, a PE ratio of 31.76 and a beta of 0.57. The firm’s 50-day moving average is $9.85 and its 200 day moving average is $9.47. Bank Mutual Corporation has a 52-week low of $7.55 and a 52-week high of $10.80.

Bank Mutual Corporation (NASDAQ:BKMU) last issued 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 firm had revenue of $24.94 million during the quarter, compared to the consensus estimate of $24.50 million. Bank Mutual Corporation had a return on equity of 5.72% and a net margin of 14.19%. During the same quarter in the prior year, the company posted $0.10 EPS. Equities research analysts expect that Bank Mutual Corporation will post $0.37 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Prudential Financial Inc. raised its holdings in shares of Bank Mutual Corporation by 0.8% during the first quarter. Prudential Financial Inc. now owns 72,088 shares of the financial services provider’s stock valued at $678,000 after purchasing an additional 600 shares during the last quarter. Citadel Advisors LLC raised its holdings in shares of Bank Mutual Corporation by 9.8% during the first quarter. Citadel Advisors LLC now owns 15,869 shares of the financial services provider’s stock valued at $149,000 after purchasing an additional 1,417 shares during the last quarter. State of Tennessee Treasury Department raised its holdings in shares of Bank Mutual Corporation by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 40,769 shares of the financial services provider’s stock valued at $383,000 after purchasing an additional 6,153 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Bank Mutual Corporation by 0.5% during the first quarter. Geode Capital Management LLC now owns 340,493 shares of the financial services provider’s stock valued at $3,200,000 after purchasing an additional 1,582 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in shares of Bank Mutual Corporation by 9.3% during the first quarter. Metropolitan Life Insurance Co. NY now owns 31,840 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 2,717 shares during the last quarter. 56.08% of the stock is owned by hedge funds and other institutional investors.

About Bank Mutual Corporation

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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