Bank Mutual Corporation (BKMU) Downgraded 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 research report issued to clients and 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 research reports. Hovde Group downgraded shares of Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 price target for the company. in a report on Friday, July 21st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Bank Mutual Corporation in a research note on Sunday, July 23rd. Finally, BidaskClub downgraded shares of Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $9.58.

Shares of Bank Mutual Corporation (NASDAQ:BKMU) opened at 10.15 on Wednesday. The stock’s 50 day moving average price is $9.35 and its 200-day moving average price is $9.36. Bank Mutual Corporation has a 52-week low of $7.53 and a 52-week high of $10.25. The company has a market capitalization of $466.21 million, a P/E ratio of 28.19 and a beta of 0.56.

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

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Large investors have recently modified their holdings of the company. TD Asset Management Inc. increased its position in shares of Bank Mutual Corporation by 9.9% during the first quarter. TD Asset Management Inc. now owns 11,100 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 1,000 shares during the period. Crescent Grove Advisors LLC purchased a new position in Bank Mutual Corporation during the second quarter valued at approximately $113,000. BNP Paribas Arbitrage SA increased its holdings in Bank Mutual Corporation by 56.0% during the second 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 purchased a new position in Bank Mutual Corporation during the second quarter valued at approximately $127,000. Finally, Citadel Advisors LLC increased its holdings in Bank Mutual Corporation by 9.8% during the first 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 institutional investors and hedge funds.

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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