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

Zacks Investment Research lowered shares of Bank Mutual Corporation (NASDAQ:BKMU) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

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

Several other research firms have also recently commented on BKMU. Hovde Group cut shares of Bank Mutual Corporation from an outperform rating to a market perform rating and set a $10.50 target price on the stock. in a research note on Friday, July 21st. BidaskClub cut shares of Bank Mutual Corporation from a buy rating to a hold rating in a research note on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods reissued a hold rating on shares of Bank Mutual Corporation in a research note on Sunday, July 23rd. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $9.58.

Bank Mutual Corporation (BKMU) opened at 9.80 on Wednesday. The firm’s 50-day moving average is $9.35 and its 200 day moving average is $9.36. Bank Mutual Corporation has a 12 month low of $7.53 and a 12 month high of $10.20. The firm has a market capitalization of $450.13 million, a price-to-earnings ratio of 27.22 and a beta of 0.56.

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

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The business also recently announced a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Friday, August 18th were paid a dividend of $0.055 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.22 annualized dividend and a yield of 2.24%. Bank Mutual Corporation’s payout ratio is 61.11%.

Institutional investors have recently added to or reduced their stakes in the business. TD Asset Management Inc. increased its stake in Bank Mutual Corporation by 9.9% during the 1st quarter. TD Asset Management Inc. now owns 11,100 shares of the financial services provider’s stock valued at $104,000 after buying an additional 1,000 shares during the period. Crescent Grove Advisors LLC acquired a new position in Bank Mutual Corporation during the 2nd quarter valued at about $113,000. BNP Paribas Arbitrage SA increased its stake in Bank Mutual Corporation by 56.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,431 shares of the financial services provider’s stock valued at $114,000 after buying an additional 4,464 shares during the period. Susquehanna International Group LLP acquired a new position in Bank Mutual Corporation during the 2nd quarter valued at about $127,000. Finally, Citadel Advisors LLC increased its stake in Bank Mutual Corporation by 9.8% during the 1st quarter. Citadel Advisors LLC now owns 15,869 shares of the financial services provider’s stock valued at $149,000 after buying an additional 1,417 shares during the period. 56.08% of the stock is currently owned by hedge funds and other institutional investors.

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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