Bank Mutual (BKMU) Upgraded by BidaskClub to “Buy”

BidaskClub upgraded shares of Bank Mutual (NASDAQ:BKMU) from a hold rating to a buy rating in a report issued on Saturday morning.

Other equities research analysts also recently issued reports about the company. Keefe, Bruyette & Woods reiterated a hold rating and issued a $11.00 price target on shares of Bank Mutual in a report on Thursday, October 19th. Zacks Investment Research upgraded Bank Mutual from a sell rating to a hold rating and set a $12.00 price objective on the stock in a report on Tuesday, December 26th.

Shares of Bank Mutual (NASDAQ:BKMU) traded down $0.05 during midday trading on Friday, hitting $11.15. The stock had a trading volume of 52,601 shares, compared to its average volume of 163,645. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.04 and a current ratio of 1.05. Bank Mutual has a 12-month low of $8.60 and a 12-month high of $11.30. The stock has a market capitalization of $513.00, a P/E ratio of 32.79, a price-to-earnings-growth ratio of 4.60 and a beta of 0.55.

Bank Mutual (NASDAQ:BKMU) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). Bank Mutual had a return on equity of 5.72% and a net margin of 14.19%. The business had revenue of $24.94 million during the quarter, compared to analysts’ expectations of $24.50 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. research analysts expect that Bank Mutual will post 0.37 EPS for the current year.

In other Bank Mutual news, insider Michael W. Dosland sold 32,493 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $10.53, for a total transaction of $342,151.29. Following the transaction, the insider now directly owns 36,907 shares in the company, valued at approximately $388,630.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gregory A. Larson sold 17,900 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $10.60, for a total value of $189,740.00. Following the transaction, the vice president now owns 117,144 shares in the company, valued at $1,241,726.40. The disclosure for this sale can be found here. Insiders have sold a total of 66,893 shares of company stock worth $709,926 over the last 90 days. 10.00% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Magnetar Financial LLC bought a new stake in Bank Mutual during the 3rd quarter valued at $5,574,000. Mizuho Securities USA LLC bought a new stake in Bank Mutual during the 3rd quarter valued at $3,086,000. Dimensional Fund Advisors LP boosted its position in Bank Mutual by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,682,828 shares of the financial services provider’s stock valued at $24,548,000 after acquiring an additional 135,017 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in Bank Mutual by 66.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 292,210 shares of the financial services provider’s stock valued at $2,674,000 after acquiring an additional 116,700 shares in the last quarter. Finally, State Street Corp boosted its position in Bank Mutual by 8.6% during the 2nd quarter. State Street Corp now owns 1,124,040 shares of the financial services provider’s stock valued at $10,288,000 after acquiring an additional 88,581 shares in the last quarter. Institutional investors own 54.84% of the company’s stock.

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About Bank Mutual

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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