Today: Today, DA Davidson Weighs in on Bank Mutual Corp.’s Q3 2016 Earnings (BKMU)

Today, DA Davidson Weighs in on Bank Mutual Corp.’s Q3 2016 Earnings (BKMU)

Bank Mutual Corp. (NASDAQ:BKMU) – Investment analysts at DA Davidson issued their Q3 2016 earnings per share (EPS) estimates for Bank Mutual Corp. in a report released on Monday. DA Davidson analyst K. Reevey anticipates that the brokerage will post earnings per share of $0.09 for the quarter. DA Davidson currently has a “Neutral” rating and a $8.25 target price on the stock. DA Davidson also issued estimates for Bank Mutual Corp.’s Q4 2016 earnings at $0.09 EPS, FY2016 earnings at $0.37 EPS, Q1 2017 earnings at $0.09 EPS, Q2 2017 earnings at $0.10 EPS, Q3 2017 earnings at $0.11 EPS, Q4 2017 earnings at $0.11 EPS and FY2017 earnings at $0.41 EPS.

Bank Mutual Corp. (NASDAQ:BKMU) last released its earnings results on Wednesday, July 20th. The financial services provider reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.01. Bank Mutual Corp. had a net margin of 14.75% and a return on equity of 5.48%. During the same period in the previous year, the firm posted $0.08 earnings per share.

Separately, Zacks Investment Research lowered shares of Bank Mutual Corp. from a “buy” rating to a “hold” rating in a research note on Monday, June 27th.

Shares of Bank Mutual Corp. (NASDAQ:BKMU) opened at 7.90 on Thursday. The stock has a 50 day moving average of $7.74 and a 200 day moving average of $7.76. Bank Mutual Corp. has a 1-year low of $7.00 and a 1-year high of $8.49. The firm has a market cap of $360.16 million, a PE ratio of 23.24 and a beta of 1.15.

In other news, VP Christopher L. Mayne sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $7.84, for a total transaction of $392,000.00. Following the completion of the transaction, the vice president now owns 110,100 shares of the company’s stock, valued at $863,184. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 8.80% of the company’s stock.

Several institutional investors have recently made changes to their positions in BKMU. Prudential Financial Inc. increased its position in shares of Bank Mutual Corp. by 3.6% in the first quarter. Prudential Financial Inc. now owns 101,318 shares of the financial services provider’s stock valued at $767,000 after buying an additional 3,500 shares during the period. Geode Capital Management LLC increased its position in shares of Bank Mutual Corp. by 1.6% in the first quarter. Geode Capital Management LLC now owns 292,667 shares of the financial services provider’s stock valued at $2,215,000 after buying an additional 4,694 shares during the period. Renaissance Technologies LLC increased its position in shares of Bank Mutual Corp. by 4.0% in the first quarter. Renaissance Technologies LLC now owns 1,505,600 shares of the financial services provider’s stock valued at $11,397,000 after buying an additional 57,367 shares during the period. Arizona State Retirement System increased its position in shares of Bank Mutual Corp. by 2.8% in the first quarter. Arizona State Retirement System now owns 21,752 shares of the financial services provider’s stock valued at $165,000 after buying an additional 600 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in shares of Bank Mutual Corp. by 111.2% in the second quarter. BNP Paribas Arbitrage SA now owns 13,008 shares of the financial services provider’s stock valued at $100,000 after buying an additional 6,849 shares during the period. 51.29% of the stock is owned by institutional investors.

About Bank Mutual Corp.

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