Bank Mutual (BKMU) Stock Rating Upgraded by Zacks Investment Research

Bank Mutual (NASDAQ:BKMU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The brokerage presently has a $12.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 8.60% 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. “

Several other research firms have also weighed in on BKMU. BidaskClub lowered Bank Mutual from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $11.00 target price on shares of Bank Mutual in a report on Thursday, October 19th.

Bank Mutual (NASDAQ:BKMU) traded up $0.15 during mid-day trading on Thursday, reaching $11.05. The company’s stock had a trading volume of 99,359 shares, compared to its average volume of 111,567. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $501.50, a price-to-earnings ratio of 38.10, a PEG ratio of 4.49 and a beta of 0.55. Bank Mutual has a 52-week low of $8.60 and a 52-week high of $11.30.

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

In other news, insider Michael W. Dosland sold 32,493 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was 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 $388,630.71. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Christopher L. Mayne sold 16,500 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $10.79, for a total value of $178,035.00. Following the completion of the sale, the vice president now owns 74,500 shares in the company, valued at $803,855. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,893 shares of company stock worth $709,926. Corporate insiders own 10.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Bank Mutual by 4.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 191,024 shares of the financial services provider’s stock valued at $2,035,000 after purchasing an additional 8,112 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Bank Mutual in the third quarter valued at about $186,000. Virtu Financial LLC bought a new stake in shares of Bank Mutual in the third quarter valued at about $201,000. Magnetar Financial LLC bought a new stake in shares of Bank Mutual in the third quarter valued at about $5,574,000. Finally, KBC Group NV lifted its holdings in shares of Bank Mutual by 22.2% in the third quarter. KBC Group NV now owns 49,828 shares of the financial services provider’s stock valued at $506,000 after purchasing an additional 9,040 shares in the last quarter. Institutional investors own 54.84% of the company’s stock.

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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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