Bank Mutual Corporation (BKMU) Cut to “Sell” at Zacks Investment Research

Bank Mutual Corporation (NASDAQ:BKMU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, September 20th.

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 subject of a number of other reports. Keefe, Bruyette & Woods restated a “hold” rating on shares of Bank Mutual Corporation in a report on Sunday, July 23rd. BidaskClub lowered shares of Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Hovde Group downgraded shares of 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. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $9.58.

Bank Mutual Corporation (BKMU) opened at 10.10 on Wednesday. The firm has a market capitalization of $463.91 million, a price-to-earnings ratio of 28.06 and a beta of 0.56. The company has a 50 day moving average price of $9.35 and a 200-day moving average price of $9.36. Bank Mutual Corporation has a 52 week low of $7.53 and a 52 week high of $10.20.

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

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Institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. boosted its holdings in Bank Mutual Corporation by 0.8% in the 1st quarter. Prudential Financial Inc. now owns 72,088 shares of the financial services provider’s stock worth $678,000 after buying an additional 600 shares during the period. Citadel Advisors LLC lifted its stake in Bank Mutual Corporation by 9.8% in the 1st quarter. Citadel Advisors LLC now owns 15,869 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,417 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. purchased a new stake in Bank Mutual Corporation in the 1st quarter worth $5,997,000. State of Tennessee Treasury Department lifted its stake in Bank Mutual Corporation by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 40,769 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 6,153 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Bank Mutual Corporation by 0.5% during the 1st quarter. Geode Capital Management LLC now owns 340,493 shares of the financial services provider’s stock valued at $3,200,000 after buying an additional 1,582 shares in the last quarter. 56.08% of the stock is owned by 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.

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