Bank Mutual Corp. (NASDAQ:BKMU) has earned a consensus broker rating score of 2.50 (Hold) from the four analysts that cover the company, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Bank Mutual Corp.’s rating score has declined by 7.3% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a one year consensus price target of $8.25 for the company and are expecting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bank Mutual Corp. an industry rank of 102 out of 265 based on the ratings given to its competitors.
A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of Bank Mutual Corp. from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research report on Tuesday, July 26th. DA Davidson assumed coverage on shares of Bank Mutual Corp. in a research report on Monday, October 3rd. They issued a “neutral” rating and a $8.25 target price for the company.
In other Bank Mutual Corp. news, VP Christopher L. Mayne sold 50,000 shares of the stock in a transaction dated 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 approximately $863,184. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.80% of the company’s stock.
Large investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of Bank Mutual Corp. by 111.2% in the second quarter. BNP Paribas Arbitrage SA now owns 13,008 shares of the financial services provider’s stock worth $100,000 after buying an additional 6,849 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Bank Mutual Corp. by 1.6% in the first quarter. Geode Capital Management LLC now owns 292,667 shares of the financial services provider’s stock worth $2,215,000 after buying an additional 4,694 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Bank Mutual Corp. during the second quarter worth approximately $107,000. Renaissance Technologies LLC raised its stake in shares of Bank Mutual Corp. by 4.0% in the first quarter. Renaissance Technologies LLC now owns 1,505,600 shares of the financial services provider’s stock worth $11,397,000 after buying an additional 57,367 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Bank Mutual Corp. by 3.6% in the first quarter. Prudential Financial Inc. now owns 101,318 shares of the financial services provider’s stock worth $767,000 after buying an additional 3,500 shares in the last quarter. 51.29% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Bank Mutual Corp. (NASDAQ:BKMU) opened at 7.69 on Tuesday. The company has a market cap of $350.59 million, a P/E ratio of 22.62 and a beta of 1.15. The stock has a 50 day moving average of $7.77 and a 200 day moving average of $7.77. Bank Mutual Corp. has a 52-week low of $7.00 and a 52-week 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 EPS for the quarter, beating the Zacks’ consensus estimate 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 quarter in the prior year, the firm earned $0.08 EPS. On average, equities analysts anticipate that Bank Mutual Corp. will post $0.37 earnings per share for the current fiscal year.
About Bank Mutual Corp.
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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