Trading Report: The Bank Mutual Corp. (BKMU) Scheduled to Post Earnings on Wednesday

The Bank Mutual Corp. (BKMU) Scheduled to Post Earnings on Wednesday

Bank Mutual Corp. (NASDAQ:BKMU) will be releasing its earnings data after the market closes on Wednesday, October 12th. Analysts expect Bank Mutual Corp. to post earnings of $0.09 per share for the quarter.

Bank Mutual Corp. (NASDAQ:BKMU) last announced its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. Bank Mutual Corp. had a return on equity of 5.48% and a net margin of 14.75%. During the same quarter last year, the firm posted $0.08 EPS. On average, analysts expect Bank Mutual Corp. to post $0.37 EPS for the current fiscal year and $0.37 EPS for the next fiscal year.

Shares of Bank Mutual Corp. (NASDAQ:BKMU) opened at 7.84 on Monday. Bank Mutual Corp. has a one year low of $7.00 and a one year high of $8.49. The firm has a market cap of $357.43 million, a price-to-earnings ratio of 23.06 and a beta of 1.15. The stock’s 50 day moving average price is $7.75 and its 200 day moving average price is $7.76.

Several brokerages recently commented on BKMU. DA Davidson began coverage on Bank Mutual Corp. in a research report on Monday, October 3rd. They set a “neutral” rating and a $8.25 price target for the company. Zacks Investment Research cut Bank Mutual Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th.

In other Bank Mutual Corp. news, VP Christopher L. Mayne sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $7.84, for a total value of $392,000.00. Following the sale, the vice president now owns 110,100 shares in the company, valued at $863,184. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.80% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. KCG Holdings Inc. raised its stake in Bank Mutual Corp. by 35.1% in the second quarter. KCG Holdings Inc. now owns 15,789 shares of the financial services provider’s stock valued at $121,000 after buying an additional 4,105 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of Bank Mutual Corp. during the second quarter worth $131,000. Thrivent Financial for Lutherans raised its position in shares of Bank Mutual Corp. by 5.7% in the second quarter. Thrivent Financial for Lutherans now owns 20,620 shares of the financial services provider’s stock worth $158,000 after buying an additional 1,120 shares during the period. Arizona State Retirement System raised its position in shares of Bank Mutual Corp. by 0.9% in the second quarter. Arizona State Retirement System now owns 21,952 shares of the financial services provider’s stock worth $169,000 after buying an additional 200 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Bank Mutual Corp. by 1,644.2% in the second quarter. JPMorgan Chase & Co. now owns 31,814 shares of the financial services provider’s stock worth $244,000 after buying an additional 29,990 shares during the period. Hedge funds and other institutional investors own 51.29% of the company’s stock.

About Bank Mutual Corp.

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