Bank Mutual (BKMU) Downgraded by BidaskClub

Bank Mutual (NASDAQ:BKMU) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

A number of other research analysts have also recently weighed in on the company. Zacks Investment Research cut Bank Mutual from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.00 price target on shares of Bank Mutual in a research report on Thursday, October 19th.

Shares of Bank Mutual (NASDAQ:BKMU) traded up $0.15 during mid-day trading on Friday, hitting $11.05. The stock had a trading volume of 99,359 shares, compared to its average volume of 111,567. Bank Mutual has a twelve month low of $8.60 and a twelve month high of $11.30. The stock has a market capitalization of $508.40, a PE ratio of 26.31, a P/E/G ratio of 4.56 and a beta of 0.55. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 1.44.

Bank Mutual (NASDAQ:BKMU) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). Bank Mutual had a net margin of 12.07% and a return on equity of 6.59%. The firm had revenue of $24.94 million during the quarter, compared to analysts’ expectations of $24.50 million. During the same quarter in the prior year, the business earned $0.10 EPS. analysts forecast that Bank Mutual will post 0.48 EPS for the current year.

In related news, VP Gregory A. Larson sold 17,900 shares of the 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 sale, the vice president now owns 117,144 shares of the company’s stock, valued at $1,241,726.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael W. Dosland sold 32,493 shares of the 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 sale, the insider now directly owns 36,907 shares in the company, valued at approximately $388,630.71. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,893 shares of company stock valued at $709,926. Company insiders own 10.00% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its stake in shares of 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 stake in Bank Mutual by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,523,326 shares of the financial services provider’s stock worth $23,088,000 after buying an additional 66,250 shares during the last quarter. State Street Corp boosted its stake in Bank Mutual by 8.6% in the 2nd quarter. State Street Corp now owns 1,124,040 shares of the financial services provider’s stock worth $10,288,000 after buying an additional 88,581 shares during the last quarter. Magnetar Financial LLC acquired a new stake in Bank Mutual in the 3rd quarter worth about $5,574,000. Finally, Northern Trust Corp boosted its stake in Bank Mutual by 6.5% in the 2nd quarter. Northern Trust Corp now owns 543,320 shares of the financial services provider’s stock worth $4,971,000 after buying an additional 33,111 shares during the last quarter. 54.84% of the stock is currently 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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