Bank Mutual Corporation (NASDAQ:BKMU) Rating Reiterated by Keefe, Bruyette & Woods

Bank Mutual Corporation (NASDAQ:BKMU)‘s stock had its “hold” rating reiterated by Keefe, Bruyette & Woods in a research note issued on Sunday, July 23rd.

Other analysts have also recently issued reports about the company. Zacks Investment Research cut Bank Mutual Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 1st. Hovde Group cut Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 target price for the company. in a report on Friday, July 21st. Five investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $9.58.

Shares of Bank Mutual Corporation (BKMU) traded down 1.06% during mid-day trading on Friday, reaching $9.35. The company had a trading volume of 205,984 shares. The company has a market capitalization of $429.46 million, a PE ratio of 25.97 and a beta of 0.55. The stock’s 50-day moving average price is $9.46 and its 200 day moving average price is $9.47. Bank Mutual Corporation has a 1-year low of $7.53 and a 1-year high of $10.20.

Bank Mutual Corporation (NASDAQ:BKMU) last issued its earnings results on Thursday, July 20th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.09. The company had revenue of $24.71 million during the quarter, compared to analysts’ expectations of $25.10 million. Bank Mutual Corporation had a return on equity of 5.67% and a net margin of 14.77%. Equities analysts expect that Bank Mutual Corporation will post $0.37 EPS for the current year.

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Institutional investors have recently made changes to their positions in the stock. Elizabeth Park Capital Advisors Ltd. acquired a new position in shares of Bank Mutual Corporation during the first quarter valued at approximately $5,997,000. Thrivent Financial For Lutherans raised its position in shares of Bank Mutual Corporation by 673.2% in the first quarter. Thrivent Financial For Lutherans now owns 175,510 shares of the financial services provider’s stock valued at $1,649,000 after buying an additional 152,810 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Bank Mutual Corporation by 5.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,682,828 shares of the financial services provider’s stock valued at $24,548,000 after buying an additional 135,017 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Bank Mutual Corporation during the first quarter valued at approximately $1,105,000. Finally, Wellington Management Group LLP acquired a new position in shares of Bank Mutual Corporation during the first quarter valued at approximately $768,000. 55.22% of the stock is currently owned by institutional investors and hedge funds.

About Bank Mutual Corporation

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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