Investment analysts at DA Davidson assumed coverage on shares of Bank Mutual Corp. (NASDAQ:BKMU) in a research report issued on Monday, StockTargetPrices.com reports. The brokerage set a “neutral” rating and a $8.25 price target on the financial services provider’s stock. DA Davidson’s price target would suggest a potential upside of 6.18% from the stock’s current price.
Separately, Zacks Investment Research cut shares of Bank Mutual Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th.
Bank Mutual Corp. (NASDAQ:BKMU) traded up 1.17% during mid-day trading on Monday, hitting $7.77. 124,040 shares of the company were exchanged. The company has a market capitalization of $354.23 million, a P/E ratio of 22.85 and a beta of 1.15. The company’s 50-day moving average is $7.71 and its 200 day moving average is $7.75. Bank Mutual Corp. has a 12-month low of $7.00 and a 12-month high of $8.49.
Bank Mutual Corp. (NASDAQ:BKMU) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Bank Mutual Corp. had a net margin of 14.75% and a return on equity of 5.48%. During the same period in the previous year, the business earned $0.08 EPS. Analysts expect that Bank Mutual Corp. will post $0.37 EPS for the current year.
In other Bank Mutual Corp. news, VP Christopher L. Mayne sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $7.84, for a total transaction of $392,000.00. Following the sale, the vice president now owns 110,100 shares of the company’s stock, valued at $863,184. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.80% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its position in shares of Bank Mutual Corp. by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 150,426 shares of the financial services provider’s stock worth $1,156,000 after buying an additional 2,016 shares during the period. Wedge Capital Management L L P NC acquired a new position in shares of Bank Mutual Corp. during the second quarter worth approximately $511,000. Arizona State Retirement System raised its position in shares of Bank Mutual Corp. by 0.9% in the second quarter. Arizona State Retirement System now owns 21,952 shares of the financial services provider’s stock worth $169,000 after buying an additional 200 shares during the period. Paloma Partners Management Co acquired a new position in shares of Bank Mutual Corp. during the second quarter worth approximately $131,000. Finally, KCG Holdings Inc. raised its position in shares of Bank Mutual Corp. by 35.1% in the second quarter. KCG Holdings Inc. now owns 15,789 shares of the financial services provider’s stock worth $121,000 after buying an additional 4,105 shares during the period. 51.29% of the stock is currently owned by hedge funds and other institutional investors.
Bank Mutual Corp. 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 Company operates through community banking segment. 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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