BidaskClub cut shares of Bank Mutual Corporation (NASDAQ:BKMU) from a buy rating to a hold rating in a research report released on Tuesday morning.

Several other equities analysts have also recently commented on the stock. Keefe, Bruyette & Woods restated a hold rating on shares of Bank Mutual Corporation in a research report on Sunday, July 23rd. 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. Finally, Zacks Investment Research cut shares of Bank Mutual Corporation from a buy rating to a hold rating in a research report on Monday, June 26th. Five research analysts have rated the stock with a hold rating, The stock has a consensus rating of Hold and a consensus price target of $9.58.

Shares of Bank Mutual Corporation (BKMU) traded down 1.06% during mid-day trading on Tuesday, reaching $9.35. 205,984 shares of the company’s stock traded hands. The stock has a market cap of $429.46 million, a PE ratio of 25.97 and a beta of 0.55. The firm has a 50 day moving average price of $9.46 and a 200-day moving average price of $9.47. 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 issued its earnings results on Thursday, July 20th. The financial services provider reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The company had revenue of $24.71 million during 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%. On average, analysts predict that Bank Mutual Corporation will post $0.37 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Friday, August 18th will be issued a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Wednesday, August 16th. Bank Mutual Corporation’s dividend payout ratio (DPR) is presently 61.11%.

Several large investors have recently made changes to their positions in the stock. TD Asset Management Inc. raised its stake in shares of Bank Mutual Corporation by 9.9% in the first quarter. TD Asset Management Inc. now owns 11,100 shares of the financial services provider’s stock valued at $104,000 after buying an additional 1,000 shares during the period. Crescent Grove Advisors LLC bought a new stake in shares of Bank Mutual Corporation during the second quarter valued at about $113,000. BNP Paribas Arbitrage SA raised its stake in shares of Bank Mutual Corporation by 56.0% in the second quarter. BNP Paribas Arbitrage SA now owns 12,431 shares of the financial services provider’s stock valued at $114,000 after buying an additional 4,464 shares during the period. Citadel Advisors LLC raised its stake in shares of Bank Mutual Corporation by 9.8% in the first quarter. Citadel Advisors LLC now owns 15,869 shares of the financial services provider’s stock valued at $149,000 after buying an additional 1,417 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of Bank Mutual Corporation by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the financial services provider’s stock valued at $157,000 after buying an additional 100 shares during the period. 55.22% of the stock is currently owned by 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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