Bank Mutual Corporation (NASDAQ:BKMU) has earned an average broker rating score of 3.00 (Hold) from the four analysts that provide coverage for the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold recommendation.
Brokerages have set a 1 year consensus target price of $9.75 for the company and are forecasting that the company will post $0.11 earnings per share for the current quarter, according to Zacks. Zacks has also given Bank Mutual an industry rank of 106 out of 265 based on the ratings given to its competitors.
Several research analysts recently commented on BKMU shares. BidaskClub cut Bank Mutual from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Zacks Investment Research cut Bank Mutual from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.00 price objective on shares of Bank Mutual in a report on Thursday, October 19th.
Large investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its position in shares of Bank Mutual by 1.1% during the first quarter. Alliancebernstein L.P. now owns 57,000 shares of the financial services provider’s stock worth $536,000 after purchasing an additional 600 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of Bank Mutual by 3.3% in the first quarter. Teachers Advisors LLC now owns 85,732 shares of the financial services provider’s stock valued at $806,000 after buying an additional 2,748 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Bank Mutual by 0.5% in 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 buying an additional 1,582 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Bank Mutual by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,547,811 shares of the financial services provider’s stock worth $23,950,000 after purchasing an additional 132,012 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its position in Bank Mutual by 5.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 173,224 shares of the financial services provider’s stock worth $1,629,000 after purchasing an additional 8,550 shares during the period. Institutional investors and hedge funds own 54.68% of the company’s stock.
Bank Mutual (NASDAQ BKMU) opened at $10.70 on Friday. The company has a market cap of $490.00, a price-to-earnings ratio of 29.58, a P/E/G ratio of 5.81 and a beta of 0.57. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.05 and a quick ratio of 1.04. Bank Mutual has a 52-week low of $8.60 and a 52-week high of $10.98.
Bank Mutual (NASDAQ:BKMU) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $24.94 million during the quarter, compared to analysts’ expectations 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 earned $0.10 earnings per share. research analysts predict that Bank Mutual will post 0.37 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Friday, November 17th were paid a $0.055 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.06%. Bank Mutual’s dividend payout ratio (DPR) is presently 64.71%.
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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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