Bank Mutual Corp. (BKMU) To Go Ex-Dividend on November 16th
Bank Mutual Corp. (NASDAQ:BKMU) declared a quarterly dividend on Monday, November 7th. Shareholders of record on Friday, November 18th will be paid a dividend of 0.055 per share by the financial services provider on Monday, November 28th. This represents a $0.22 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Wednesday, November 16th.
Bank Mutual Corp. (NASDAQ:BKMU) opened at 8.35 on Friday. The firm has a 50-day moving average of $7.85 and a 200 day moving average of $7.81. The stock has a market cap of $381.35 million, a PE ratio of 22.75 and a beta of 0.87. Bank Mutual Corp. has a 12 month low of $7.00 and a 12 month high of $8.60.
Bank Mutual Corp. (NASDAQ:BKMU) last announced its quarterly earnings results on Wednesday, October 19th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Bank Mutual Corp. had a net margin of 15.39% and a return on equity of 5.84%. During the same period in the prior year, the firm earned $0.08 EPS. Analysts anticipate that Bank Mutual Corp. will post $0.38 EPS for the current year.
In other news, VP Christopher L. Mayne sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The shares were sold at an average price of $7.84, for a total value of $392,000.00. Following the completion of the transaction, the vice president now owns 110,100 shares of the company’s stock, valued at $863,184. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 8.80% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC raised its position in Bank Mutual Corp. by 0.3% in the third quarter. Citadel Advisors LLC now owns 15,283 shares of the financial services provider’s stock worth $117,000 after buying an additional 43 shares in the last quarter. 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 valued at $169,000 after buying an additional 200 shares during the period. Prudential Financial Inc. raised its position in shares of Bank Mutual Corp. by 0.8% in the second quarter. Prudential Financial Inc. now owns 102,098 shares of the financial services provider’s stock valued at $784,000 after buying an additional 780 shares during the period. California State Teachers Retirement System raised its position in shares of Bank Mutual Corp. by 0.9% in the third quarter. California State Teachers Retirement System now owns 86,396 shares of the financial services provider’s stock valued at $664,000 after buying an additional 800 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of 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 period. 51.33% of the stock is owned by institutional investors and hedge funds.
Several analysts have issued reports 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 target on the stock in a report on Tuesday, July 26th. DA Davidson began coverage on shares of Bank Mutual Corp. in a research report on Monday, October 3rd. They issued a “neutral” rating and a $8.25 price objective for the company.
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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