Bank Mutual (BKMU) Lifted to Buy at Zacks Investment Research

Bank Mutual (NASDAQ:BKMU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The firm presently has a $12.00 price target on the financial services provider’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 8.60% from the stock’s previous close.

According to Zacks, “Bank Mutual Corporation is a financial institution holding company for two subsidiary banks, Mutual Savings Bank and First Northern Savings Bank. “

BKMU has been the topic of several other research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $11.00 target price on shares of Bank Mutual in a report on Thursday, October 19th. BidaskClub upgraded Bank Mutual from a “hold” rating to a “buy” rating in a report on Saturday, January 13th.

Shares of Bank Mutual (NASDAQ BKMU) traded up $0.15 during trading on Thursday, hitting $11.05. The stock had a trading volume of 99,359 shares, compared to its average volume of 111,567. The company has a market capitalization of $501.50, a price-to-earnings ratio of 38.10, a price-to-earnings-growth ratio of 4.49 and a beta of 0.55. Bank Mutual has a 12 month low of $8.60 and a 12 month high of $11.30. The company has a current ratio of 1.06, a quick ratio of 1.04 and a debt-to-equity ratio of 1.44.

Bank Mutual (NASDAQ:BKMU) last released its earnings results on Wednesday, October 18th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). Bank Mutual had a return on equity of 6.59% and a net margin of 12.07%. The company had revenue of $24.94 million for the quarter, compared to the consensus estimate of $24.50 million. During the same quarter in the previous year, the company posted $0.10 EPS. analysts expect that Bank Mutual will post 0.48 earnings per share for the current fiscal year.

In related news, VP Christopher L. Mayne sold 16,500 shares of the company’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $10.79, for a total transaction of $178,035.00. Following the sale, the vice president now owns 74,500 shares in the company, valued at $803,855. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael W. Dosland sold 32,493 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $10.53, for a total value of $342,151.29. Following the sale, the insider now owns 36,907 shares in the company, valued at approximately $388,630.71. The disclosure for this sale can be found here. Insiders have sold 66,893 shares of company stock worth $709,926 in the last quarter. 10.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Mizuho Securities USA LLC acquired a new position in Bank Mutual during the third quarter worth approximately $3,086,000. Dimensional Fund Advisors LP increased its position in Bank Mutual by 5.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,682,828 shares of the financial services provider’s stock worth $24,548,000 after buying an additional 135,017 shares during the last quarter. Vanguard Group Inc. increased its position in Bank Mutual by 2.7% during the second quarter. Vanguard Group Inc. now owns 2,523,326 shares of the financial services provider’s stock worth $23,088,000 after buying an additional 66,250 shares during the last quarter. Northern Trust Corp increased its position in Bank Mutual by 6.5% during the second quarter. Northern Trust Corp now owns 543,320 shares of the financial services provider’s stock worth $4,971,000 after buying an additional 33,111 shares during the last quarter. Finally, State Street Corp increased its position in Bank Mutual by 8.6% during the second quarter. State Street Corp now owns 1,124,040 shares of the financial services provider’s stock worth $10,288,000 after buying an additional 88,581 shares during the last quarter. 54.84% of the stock is currently owned by hedge funds and other institutional investors.

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Bank Mutual 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.

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