Bank Mutual Corporation (NASDAQ:BKMU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

According to Zacks, “Bank Mutual Corporation is a financial institution holding company for two subsidiary banks, Mutual Savings Bank and First Northern Savings Bank. “

BKMU has been the subject of several other reports. Hovde Group cut shares of Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 target price for the company. in a research report on Friday, July 21st. BidaskClub cut shares of Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Bank Mutual Corporation in a research report on Sunday, July 23rd. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $9.58.

Bank Mutual Corporation (BKMU) opened at 9.75 on Wednesday. The firm has a market cap of $447.84 million, a price-to-earnings ratio of 27.08 and a beta of 0.56. Bank Mutual Corporation has a 12-month low of $7.53 and a 12-month high of $10.20. The company has a 50-day moving average of $9.35 and a 200 day moving average of $9.36.

Bank Mutual Corporation (NASDAQ:BKMU) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $24.71 million for the quarter, compared to analyst estimates 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 fiscal year.

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Large investors have recently bought and sold shares of the company. TD Asset Management Inc. lifted its position in shares of Bank Mutual Corporation by 9.9% in the 1st quarter. TD Asset Management Inc. now owns 11,100 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 1,000 shares during the period. Crescent Grove Advisors LLC purchased a new position in Bank Mutual Corporation during the 2nd quarter valued at about $113,000. BNP Paribas Arbitrage SA lifted its position in Bank Mutual Corporation by 56.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,431 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 4,464 shares during the period. Susquehanna International Group LLP purchased a new position in Bank Mutual Corporation during the 2nd quarter valued at about $127,000. Finally, Citadel Advisors LLC lifted its position in Bank Mutual Corporation by 9.8% during the 1st quarter. Citadel Advisors LLC now owns 15,869 shares of the financial services provider’s stock valued at $149,000 after acquiring an additional 1,417 shares during the period. 56.08% of the stock is owned by hedge funds and other institutional investors.

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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