Bank Mutual Corp. (BKMU) Sees Unusually-High Trading Volume
Shares of Bank Mutual Corp. (NASDAQ:BKMU) saw unusually-high trading volume on Friday . Approximately 285,096 shares changed hands during mid-day 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 cut Bank Mutual Corp. from a “buy” rating to a “hold” rating in a report on Monday, June 27th.
The stock has a 50-day moving average price of $7.66 and a 200-day moving average price of $7.71. The firm has a market cap of $346.03 million and a PE ratio of 22.32.
Bank Mutual Corp. (NASDAQ:BKMU) last released its quarterly earnings results on Wednesday, July 20th. The financial services provider reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.01. During the same period in the previous year, the firm posted $0.08 earnings per share. On average, equities analysts anticipate that Bank Mutual Corp. will post $0.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Friday, August 12th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Wednesday, August 10th. This represents a $0.22 annualized dividend 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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