Bank Mutual Corporation’s (NASDAQ:BKMU) “Hold” Rating Reiterated at Keefe, Bruyette & Woods

Bank Mutual Corporation (NASDAQ:BKMU)‘s stock had its “hold” rating restated by stock analysts at Keefe, Bruyette & Woods in a note issued to investors on Sunday, July 23rd.

BKMU has been the topic of several other reports. Zacks Investment Research raised shares of Bank Mutual Corporation from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Tuesday, April 25th. Hovde Group cut shares of Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 price objective on the stock. in a research note on Friday, July 21st. Five analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $9.58.

Shares of Bank Mutual Corporation (NASDAQ BKMU) remained flat at $9.15 during midday trading on Friday. 244,813 shares of the company traded hands. The firm has a market capitalization of $420.28 million, a PE ratio of 25.42 and a beta of 0.55. The company has a 50 day moving average of $9.49 and a 200-day moving average of $9.46. Bank Mutual Corporation has a 12 month low of $7.53 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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The company 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 expect that Bank Mutual Corporation will post $0.37 EPS for the current year.

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Several large investors have recently modified their holdings of the company. Susquehanna International Group LLP bought a new stake in shares of Bank Mutual Corporation during the second quarter valued at approximately $127,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of Bank Mutual Corporation by 73.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 32,486 shares of the financial services provider’s stock valued at $297,000 after buying an additional 13,760 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Bank Mutual Corporation by 2.5% in the second quarter. The Manufacturers Life Insurance Company now owns 478,421 shares of the financial services provider’s stock valued at $4,377,000 after buying an additional 11,896 shares during the last quarter. State Street Corp raised its stake in shares of Bank Mutual Corporation by 8.6% in the second quarter. State Street Corp now owns 1,124,040 shares of the financial services provider’s stock valued at $10,288,000 after buying an additional 88,581 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of Bank Mutual Corporation by 26.2% in the second quarter. Royal Bank of Canada now owns 38,694 shares of the financial services provider’s stock valued at $354,000 after buying an additional 8,031 shares during the last quarter. Institutional investors own 55.14% of the company’s stock.

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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