Bank Mutual Corp. (BKMU) Sees Unusually-High Trading Volume
Bank Mutual Corp. (NASDAQ:BKMU) saw unusually-high trading volume on Friday . Approximately 285,096 shares changed hands during trading, an increase of 119% from the previous session’s volume of 130,377 shares.The stock last traded at $7.59 and had previously closed at $7.61.
Separately, Zacks Investment Research upgraded Bank Mutual Corp. from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a report on Tuesday, July 26th.
The company’s 50 day moving average is $7.66 and its 200 day moving average is $7.71. The company has a market cap of $346.03 million and a price-to-earnings ratio of 22.32.
Bank Mutual Corp. (NASDAQ:BKMU) last announced its earnings results on Wednesday, July 20th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. During the same period last year, the business earned $0.08 EPS. Analysts predict that Bank Mutual Corp. will post $0.36 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Stockholders of record on Friday, August 12th will be issued a dividend of $0.055 per share. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.90%.
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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