Bank Mutual Corporation (NASDAQ:BKMU)‘s stock had its “hold” rating reaffirmed by Keefe, Bruyette & Woods in a research note issued to investors on Sunday, July 23rd.
BKMU has been the subject of several other research reports. Zacks Investment Research upgraded Bank Mutual Corporation from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday, April 25th. Hovde Group cut Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 target price for the company. in a research note on Friday, July 21st. Five investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of $9.58.
Bank Mutual Corporation (NASDAQ BKMU) traded down 1.61% during mid-day trading on Friday, reaching $9.15. 218,667 shares of the company’s stock traded hands. Bank Mutual Corporation has a 12-month low of $7.53 and a 12-month high of $10.20. The stock has a market capitalization of $420.28 million, a PE ratio of 25.42 and a beta of 0.55. The stock has a 50-day moving average price of $9.49 and a 200-day moving average price of $9.46.
Bank Mutual Corporation (NASDAQ:BKMU) last announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.09 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. The business had revenue of $24.71 million during the quarter, compared to analyst estimates of $25.10 million. Bank Mutual Corporation had a return on equity of 5.67% and a net margin of 14.77%. Equities research analysts expect that Bank Mutual Corporation will post $0.37 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. State Street Corp raised its position in Bank Mutual Corporation by 4.9% in the fourth quarter. State Street Corp now owns 1,008,728 shares of the financial services provider’s stock valued at $9,529,000 after buying an additional 47,319 shares in the last quarter. Comerica Bank raised its position in Bank Mutual Corporation by 5.6% in the fourth quarter. Comerica Bank now owns 44,638 shares of the financial services provider’s stock valued at $426,000 after buying an additional 2,384 shares in the last quarter. Prudential Financial Inc. raised its position in Bank Mutual Corporation by 0.8% in the first quarter. Prudential Financial Inc. now owns 72,088 shares of the financial services provider’s stock valued at $678,000 after buying an additional 600 shares in the last quarter. Citadel Advisors LLC raised its position in Bank Mutual Corporation by 9.8% in the first quarter. Citadel Advisors LLC now owns 15,869 shares of the financial services provider’s stock valued at $149,000 after buying an additional 1,417 shares in the last quarter. Finally, Elizabeth Park Capital Advisors Ltd. bought a new position in Bank Mutual Corporation during the first quarter valued at about $5,997,000. 55.14% of the stock is owned by institutional investors.
About Bank Mutual Corporation
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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