Bank Mutual (NASDAQ:BKMU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Bank Mutual Corporation is a financial institution holding company for two subsidiary banks, Mutual Savings Bank and First Northern Savings Bank. “

BKMU has been the topic of several other research reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.00 target price on shares of Bank Mutual in a research note on Thursday, October 19th. BidaskClub upgraded Bank Mutual from a “hold” rating to a “buy” rating in a research note on Saturday.

Bank Mutual (NASDAQ BKMU) traded up $0.05 during midday trading on Wednesday, reaching $11.05. The company’s stock had a trading volume of 79,636 shares, compared to its average volume of 101,773. The company has a market cap of $513.00, a PE ratio of 32.50, a price-to-earnings-growth ratio of 4.60 and a beta of 0.55. 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 12-month low of $8.60 and a 12-month high of $11.30.

Bank Mutual (NASDAQ:BKMU) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.08 EPS for the quarter, missing the Thomson Reuters’ 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 had a net margin of 14.19% and a return on equity of 5.72%. During the same quarter in the previous year, the firm posted $0.10 EPS. sell-side analysts forecast that Bank Mutual will post 0.37 earnings per share for the current fiscal year.

In other news, insider Michael W. Dosland sold 32,493 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $10.53, for a total transaction of $342,151.29. Following the sale, the insider now owns 36,907 shares in the company, valued at approximately $388,630.71. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Christopher L. Mayne sold 16,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was 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 in the company, valued at approximately $803,855. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,893 shares of company stock worth $709,926. Company insiders own 10.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Context BH Capital Management LP bought a new stake in shares of Bank Mutual during the 3rd quarter worth approximately $115,000. SG Americas Securities LLC bought a new stake in shares of Bank Mutual during the 3rd quarter worth approximately $115,000. BNP Paribas Arbitrage SA raised its stake in shares of Bank Mutual by 56.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,431 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 4,464 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of Bank Mutual during the 2nd quarter worth approximately $127,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Bank Mutual during the 3rd quarter worth approximately $149,000. Institutional investors own 54.84% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another website, it was stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/17/bank-mutual-bkmu-rating-lowered-to-hold-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Bank Mutual (BKMU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bank Mutual Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank Mutual and related companies with MarketBeat.com's FREE daily email newsletter.