Bank Mutual Corporation (NASDAQ:BKMU) Lowered to Hold at Zacks Investment Research

Bank Mutual Corporation (NASDAQ:BKMU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued 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. “

Shares of Bank Mutual Corporation (NASDAQ BKMU) traded up 4.86% during mid-day trading on Monday, hitting $9.70. The stock had a trading volume of 695,443 shares. The stock has a market capitalization of $445.54 million, a price-to-earnings ratio of 26.94 and a beta of 0.53. The stock’s 50-day moving average price is $9.23 and its 200-day moving average price is $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 announced its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The business 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 5.68%. On average, equities analysts anticipate that Bank Mutual Corporation will post $0.38 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its stake in shares of 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 valued at $157,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Bank Mutual Corporation by 1.4% in the first quarter. Arizona State Retirement System now owns 21,952 shares of the financial services provider’s stock valued at $206,000 after buying an additional 300 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Bank Mutual Corporation by 0.8% in the first quarter. Prudential Financial Inc. now owns 72,088 shares of the financial services provider’s stock valued at $678,000 after buying an additional 600 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Bank Mutual Corporation by 1.1% in the first quarter. Alliancebernstein L.P. now owns 57,000 shares of the financial services provider’s stock valued at $536,000 after buying an additional 600 shares in the last quarter. Finally, TD Asset Management Inc. raised its stake in shares of 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 valued at $104,000 after buying an additional 1,000 shares in the last quarter. 55.51% 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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