Bank Mutual Corp. (NASDAQ:BKMU) – Equities research analysts at DA Davidson issued their Q3 2016 EPS estimates for shares of Bank Mutual Corp. in a research note issued to investors on Monday. DA Davidson analyst K. Reevey expects that the firm will post earnings of $0.09 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $8.25 target price on the stock. DA Davidson also issued estimates for Bank Mutual Corp.’s Q4 2016 earnings at $0.09 EPS, FY2016 earnings at $0.37 EPS, Q1 2017 earnings at $0.09 EPS, Q2 2017 earnings at $0.10 EPS, Q3 2017 earnings at $0.11 EPS, Q4 2017 earnings at $0.11 EPS and FY2017 earnings at $0.41 EPS.
Separately, Zacks Investment Research cut Bank Mutual Corp. from a “buy” rating to a “hold” rating in a report on Monday, June 27th.
Shares of Bank Mutual Corp. (NASDAQ:BKMU) traded up 0.89% during trading on Thursday, reaching $7.92. The company’s stock had a trading volume of 18,664 shares. The company has a 50-day moving average price of $7.73 and a 200-day moving average price of $7.76. Bank Mutual Corp. has a one year low of $7.00 and a one year high of $8.49. The stock has a market cap of $361.07 million, a price-to-earnings ratio of 23.29 and a beta of 1.15.
Bank Mutual Corp. (NASDAQ:BKMU) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Bank Mutual Corp. had a return on equity of 5.48% and a net margin of 14.75%. During the same quarter last year, the company earned $0.08 earnings per share.
In related news, VP Christopher L. Mayne sold 50,000 shares of the stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $7.84, for a total transaction of $392,000.00. Following the sale, the vice president now owns 110,100 shares in the company, valued at approximately $863,184. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.80% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in BKMU. Vanguard Group Inc. raised its stake in Bank Mutual Corp. by 13.7% in the second quarter. Vanguard Group Inc. now owns 2,569,317 shares of the financial services provider’s stock valued at $19,733,000 after buying an additional 310,175 shares during the last quarter. Principal Financial Group Inc. raised its stake in Bank Mutual Corp. by 2.7% in the second quarter. Principal Financial Group Inc. now owns 298,098 shares of the financial services provider’s stock valued at $2,289,000 after buying an additional 7,818 shares during the last quarter. Prudential Financial Inc. raised its stake in Bank Mutual Corp. by 0.8% in the second quarter. Prudential Financial Inc. now owns 102,098 shares of the financial services provider’s stock valued at $784,000 after buying an additional 780 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Bank Mutual Corp. by 3.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,264,081 shares of the financial services provider’s stock valued at $17,388,000 after buying an additional 85,032 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Bank Mutual Corp. by 1,644.2% in the second quarter. JPMorgan Chase & Co. now owns 31,814 shares of the financial services provider’s stock valued at $244,000 after buying an additional 29,990 shares during the last quarter. Institutional investors own 51.29% of the company’s stock.
Bank Mutual Corp. 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 Company operates through community banking segment. 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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