Zacks Investment Research Downgrades Bank Mutual Corporation (BKMU) 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 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% on Monday, reaching $9.70. The company’s stock had a trading volume of 695,443 shares. The stock has a 50-day moving average of $9.23 and a 200 day moving average of $9.45. The stock has a market capitalization of $445.54 million, a PE ratio of 27.71 and a beta of 0.53. Bank Mutual Corporation has a 1-year low of $7.31 and a 1-year high of $10.20.

Bank Mutual Corporation (NASDAQ:BKMU) last posted its earnings results on Thursday, July 20th. The financial services provider reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $24.71 million during 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 5.68%. On average, equities analysts forecast that Bank Mutual Corporation will post $0.38 EPS for the current year.

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Several hedge funds have recently made changes to their positions in BKMU. Thrivent Financial for Lutherans increased its stake in Bank Mutual Corporation by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 22,700 shares of the financial services provider’s stock valued at $215,000 after buying an additional 1,310 shares during the last quarter. Two Sigma Investments LP boosted its position in shares of Bank Mutual Corporation by 92.1% in the fourth quarter. Two Sigma Investments LP now owns 192,975 shares of the financial services provider’s stock valued at $1,824,000 after buying an additional 92,526 shares during the period. A.R.T. Advisors LLC bought a new position in shares of Bank Mutual Corporation during the fourth quarter valued at $319,000. Renaissance Technologies LLC boosted its position in shares of Bank Mutual Corporation by 17.4% in the fourth quarter. Renaissance Technologies LLC now owns 2,026,323 shares of the financial services provider’s stock valued at $19,149,000 after buying an additional 300,870 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Bank Mutual Corporation during the fourth quarter valued at $121,000. 55.51% 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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