Bank Mutual (BKMU) Raised to Buy at Zacks Investment Research

Bank Mutual (NASDAQ:BKMU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage presently has a $12.00 target price on the financial services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 10.09% from the stock’s current price.

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

A number of other research firms also recently issued reports on BKMU. BidaskClub upgraded shares of Bank Mutual from a “hold” rating to a “buy” rating in a research note on Saturday, January 13th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $11.00 price objective on shares of Bank Mutual in a research note on Thursday, October 19th.

Shares of Bank Mutual (BKMU) traded down $0.15 during mid-day trading on Thursday, reaching $10.90. 93,925 shares of the company’s stock were exchanged, compared to its average volume of 101,119. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.05 and a quick ratio of 1.04. The company has a market cap of $506.10, a P/E ratio of 32.06, a P/E/G ratio of 4.54 and a beta of 0.55. Bank Mutual has a twelve month low of $8.60 and a twelve month high of $11.30.

Bank Mutual (NASDAQ:BKMU) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.02). Bank Mutual had a return on equity of 5.72% and a net margin of 14.19%. The company had revenue of $24.94 million during the quarter, compared to the consensus estimate of $24.50 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. analysts expect that Bank Mutual will post 0.37 earnings per share for the current fiscal year.

In other Bank Mutual news, insider Michael W. Dosland sold 32,493 shares of the firm’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $10.53, for a total value of $342,151.29. Following the completion of the transaction, the insider now owns 36,907 shares of the company’s stock, valued at $388,630.71. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Christopher L. Mayne sold 16,500 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $10.79, for a total transaction of $178,035.00. Following the completion of the transaction, the vice president now directly owns 74,500 shares of the company’s stock, valued at approximately $803,855. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,893 shares of company stock valued at $709,926. Corporate insiders own 10.00% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in shares of Bank Mutual by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,682,828 shares of the financial services provider’s stock worth $24,548,000 after acquiring an additional 135,017 shares during the period. Vanguard Group Inc. increased its stake in shares of Bank Mutual by 2.7% in the second quarter. Vanguard Group Inc. now owns 2,523,326 shares of the financial services provider’s stock worth $23,088,000 after acquiring an additional 66,250 shares during the period. State Street Corp increased its stake in shares of Bank Mutual by 8.6% in the second quarter. State Street Corp now owns 1,124,040 shares of the financial services provider’s stock worth $10,288,000 after acquiring an additional 88,581 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Bank Mutual in the third quarter worth $5,574,000. Finally, Northern Trust Corp increased its stake in shares of Bank Mutual by 6.5% in the second quarter. Northern Trust Corp now owns 543,320 shares of the financial services provider’s stock worth $4,971,000 after acquiring an additional 33,111 shares during the period. 54.84% of the stock is owned by institutional investors and hedge funds.

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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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