Zacks: Bank Mutual Co. (BKMU) Receives Consensus Rating of “Hold” from Analysts
Shares of Bank Mutual Co. (NASDAQ:BKMU) have received an average broker rating score of 3.00 (Hold) from the four analysts that cover the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold rating.
Analysts have set a twelve-month consensus price objective of $9.75 for the company and are predicting that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also assigned Bank Mutual an industry rank of 15 out of 265 based on the ratings given to its competitors.
Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Bank Mutual from a “hold” rating to a “buy” rating in a report on Saturday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $11.00 price target on shares of Bank Mutual in a report on Thursday, October 19th. Finally, Zacks Investment Research downgraded shares of Bank Mutual from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th.
Bank Mutual (NASDAQ:BKMU) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). Bank Mutual had a net margin of 14.19% and a return on equity of 5.72%. The firm had revenue of $24.94 million for the quarter, compared to analyst estimates of $24.50 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. equities analysts expect that Bank Mutual will post 0.37 earnings per share for the current year.
In related news, VP Christopher L. Mayne sold 16,500 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were 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 of the company’s stock, valued at $803,855. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Gregory A. Larson sold 17,900 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $10.60, for a total transaction of $189,740.00. Following the completion of the sale, the vice president now directly owns 117,144 shares in the company, valued at approximately $1,241,726.40. The disclosure for this sale can be found here. In the last three months, insiders sold 66,893 shares of company stock worth $709,926. 10.00% of the stock is currently owned by insiders.
Institutional investors have recently modified their holdings of the stock. Mizuho Securities USA LLC bought a new stake in Bank Mutual during the third quarter valued at $3,086,000. Dimensional Fund Advisors LP boosted its position in Bank Mutual by 5.3% during 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 acquiring an additional 135,017 shares during the last quarter. Vanguard Group Inc. boosted its position in Bank Mutual by 2.7% during the second quarter. Vanguard Group Inc. now owns 2,523,326 shares of the financial services provider’s stock valued at $23,088,000 after acquiring an additional 66,250 shares during the last quarter. Northern Trust Corp boosted its position in Bank Mutual by 6.5% during the second quarter. Northern Trust Corp now owns 543,320 shares of the financial services provider’s stock valued at $4,971,000 after acquiring an additional 33,111 shares during the last quarter. Finally, State Street Corp boosted its position in Bank Mutual by 8.6% during 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 acquiring an additional 88,581 shares during the last quarter. 54.84% of the stock is currently owned by institutional investors.
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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