Bank Mutual Corporation (NASDAQ:BKMU) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other brokerages have also weighed in on BKMU. Zacks Investment Research lowered Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research note on Monday, June 26th. Hovde Group lowered Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 price target on the stock. in a research note on Friday, July 21st. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of Bank Mutual Corporation in a research note on Sunday, July 23rd. Five investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $9.58.

Shares of Bank Mutual Corporation (NASDAQ:BKMU) traded up 1.04% during mid-day trading on Tuesday, hitting $9.75. 320,365 shares of the stock were exchanged. The stock’s 50 day moving average is $9.37 and its 200-day moving average is $9.46. Bank Mutual Corporation has a 12 month low of $7.31 and a 12 month high of $10.20. The stock has a market cap of $447.84 million, a PE ratio of 27.08 and a beta of 0.55.

Bank Mutual Corporation (NASDAQ:BKMU) last issued its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.09 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.09. Bank Mutual Corporation had a return on equity of 5.67% and a net margin of 14.77%. The business had revenue of $24.71 million for the quarter, compared to analyst estimates of $25.10 million. On average, analysts anticipate 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. Dimensional Fund Advisors LP raised its stake in shares of Bank Mutual Corporation by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,547,811 shares of the financial services provider’s stock worth $23,950,000 after buying an additional 132,012 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Bank Mutual Corporation by 0.7% in the first quarter. Renaissance Technologies LLC now owns 2,040,153 shares of the financial services provider’s stock worth $19,177,000 after buying an additional 13,830 shares in the last quarter. State Street Corp raised its stake in shares of Bank Mutual Corporation by 4.9% in the fourth quarter. State Street Corp now owns 1,008,728 shares of the financial services provider’s stock worth $9,529,000 after buying an additional 47,319 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Bank Mutual Corporation by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 691,393 shares of the financial services provider’s stock worth $6,499,000 after buying an additional 21,144 shares in the last quarter. Finally, Elizabeth Park Capital Advisors Ltd. purchased a new stake in shares of Bank Mutual Corporation during the first quarter worth approximately $5,997,000. Institutional investors and hedge funds own 55.22% of the company’s stock.

About Bank Mutual Corporation

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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