Bank Mutual Corp. (BKMU) Coverage Initiated by Analysts at DA Davidson
DA Davidson began coverage on shares of Bank Mutual Corp. (NASDAQ:BKMU) in a report released on Monday. The firm issued a neutral rating and a $8.25 target price on the financial services provider’s stock.
Separately, Zacks Investment Research downgraded shares of Bank Mutual Corp. from a buy rating to a hold rating in a research note on Monday, June 27th.
Shares of Bank Mutual Corp. (NASDAQ:BKMU) opened at 7.78 on Monday. Bank Mutual Corp. has a 1-year low of $7.00 and a 1-year high of $8.49. The stock has a 50 day moving average price of $7.72 and a 200 day moving average price of $7.76. The stock has a market capitalization of $354.69 million, a price-to-earnings ratio of 22.88 and a beta of 1.15.
Bank Mutual Corp. (NASDAQ:BKMU) last issued its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 last year, the business earned $0.08 EPS. Equities research analysts anticipate that Bank Mutual Corp. will post $0.37 EPS for the current year.
In other news, VP Christopher L. Mayne sold 50,000 shares of Bank Mutual Corp. 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 completion of the sale, the vice president now directly owns 110,100 shares in the company, valued at $863,184. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 8.80% of the company’s stock.
Large investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its stake in 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 valued at $100,000 after buying an additional 6,849 shares during the last quarter. Bank of Montreal Can bought a new stake in Bank Mutual Corp. during the second quarter valued at approximately $107,000. KCG Holdings Inc. increased its stake in 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 valued at $121,000 after buying an additional 4,105 shares during the last quarter. Paloma Partners Management Co bought a new stake in Bank Mutual Corp. during the second quarter valued at approximately $131,000. Finally, Thrivent Financial for Lutherans increased its stake in Bank Mutual Corp. by 5.7% in the second quarter. Thrivent Financial for Lutherans now owns 20,620 shares of the financial services provider’s stock valued at $158,000 after buying an additional 1,120 shares during the last quarter. Institutional investors and hedge funds own 51.29% of the company’s stock.
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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