Bank Mutual Corporation (BKMU) Downgraded by Zacks Investment Research to “Hold”

Bank Mutual Corporation (NASDAQ:BKMU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Monday, June 26th.

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

Bank Mutual Corporation (BKMU) traded up 1.55% during mid-day trading on Monday, hitting $9.85. 707,947 shares of the stock were exchanged. The firm has a market cap of $452.43 million, a P/E ratio of 27.36 and a beta of 0.53. The company has a 50 day moving average of $9.26 and a 200 day moving average of $9.45. Bank Mutual Corporation has a 12-month low of $7.31 and a 12-month high of $10.20.

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

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Several hedge funds have recently added to or reduced their stakes in the company. TD Asset Management Inc. raised its stake in Bank Mutual Corporation by 9.9% in the first quarter. TD Asset Management Inc. now owns 11,100 shares of the financial services provider’s stock worth $104,000 after buying an additional 1,000 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Bank Mutual Corporation during the fourth quarter worth $121,000. Citadel Advisors LLC raised its stake in Bank Mutual Corporation by 9.8% in the first quarter. Citadel Advisors LLC now owns 15,869 shares of the financial services provider’s stock worth $149,000 after buying an additional 1,417 shares during the last quarter. Louisiana State Employees Retirement System raised its stake 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 worth $157,000 after buying an additional 100 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in Bank Mutual Corporation by 16.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 18,721 shares of the financial services provider’s stock worth $177,000 after buying an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 55.52% of the company’s stock.

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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