Bank Mutual Corporation’s (NASDAQ:BKMU) “Hold” Rating Reiterated at Keefe, Bruyette & Woods

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

BKMU has been the subject of several other research reports. Zacks Investment Research raised Bank Mutual Corporation from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Friday, June 2nd. Hovde Group cut Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 price objective for the company. in a research report on Friday, July 21st. Five analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $9.58.

Shares of Bank Mutual Corporation (NASDAQ BKMU) remained flat at $9.15 during trading on Friday. The stock had a trading volume of 244,813 shares. Bank Mutual Corporation has a 1-year low of $7.53 and a 1-year high of $10.20. The company has a 50 day moving average price of $9.49 and a 200-day moving average price of $9.46. The stock has a market cap of $420.28 million, a P/E ratio of 25.42 and a beta of 0.55.

Bank Mutual Corporation (NASDAQ:BKMU) last posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. Bank Mutual Corporation had a return on equity of 5.67% and a net margin of 14.77%. The business had revenue of $24.71 million during the quarter, compared to analysts’ expectations of $25.10 million. Analysts predict that Bank Mutual Corporation will post $0.37 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This article was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://www.com-unik.info/2017/08/19/keefe-bruyette-woods-reaffirms-hold-rating-for-bank-mutual-corporation-nasdaqbkmu-updated-updated-updated.html.

Institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System boosted its position in Bank Mutual Corporation by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the financial services provider’s stock valued at $157,000 after buying an additional 100 shares during the period. Arizona State Retirement System boosted its position in Bank Mutual Corporation by 0.5% in the second quarter. Arizona State Retirement System now owns 22,052 shares of the financial services provider’s stock valued at $202,000 after buying an additional 100 shares during the period. Texas Permanent School Fund boosted its position in Bank Mutual Corporation by 1.4% in the second quarter. Texas Permanent School Fund now owns 30,852 shares of the financial services provider’s stock valued at $282,000 after buying an additional 417 shares during the period. Prudential Financial Inc. raised its stake in Bank Mutual Corporation by 0.8% in the first quarter. Prudential Financial Inc. now owns 72,088 shares of the financial services provider’s stock valued at $678,000 after buying an additional 600 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in Bank Mutual Corporation by 1.1% in the first quarter. Alliancebernstein L.P. now owns 57,000 shares of the financial services provider’s stock valued at $536,000 after buying an additional 600 shares in the last quarter. 55.14% of the stock is owned by hedge funds and other institutional investors.

Bank Mutual Corporation 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 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.

What are top analysts saying about Bank Mutual Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Bank Mutual Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit