Bank Mutual Corporation (NASDAQ:BKMU) declared a quarterly dividend on Monday, November 6th, RTT News reports. Investors of record on Friday, November 17th will be given a dividend of 0.055 per share by the financial services provider on Monday, November 27th. This represents a $0.22 annualized dividend and a yield of 2.16%. The ex-dividend date is Thursday, November 16th.
Shares of Bank Mutual Corporation (BKMU) traded up $0.05 during midday trading on Wednesday, reaching $10.20. The company’s stock had a trading volume of 77,800 shares, compared to its average volume of 139,330. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 1.40. Bank Mutual Corporation has a 12 month low of $8.25 and a 12 month high of $10.80. The stock has a market cap of $466.99, a P/E ratio of 28.19, a price-to-earnings-growth ratio of 5.54 and a beta of 0.57.
Bank Mutual Corporation (NASDAQ:BKMU) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). Bank Mutual Corporation had a return on equity of 5.72% and a net margin of 14.19%. The company had revenue of $24.94 million for the quarter, compared to analysts’ expectations of $24.50 million. During the same quarter last year, the company earned $0.10 EPS. analysts anticipate that Bank Mutual Corporation will post 0.37 EPS for the current year.
Several equities research analysts have weighed in on BKMU shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $11.00 price target on shares of Bank Mutual Corporation in a report on Thursday, October 19th. BidaskClub downgraded Bank Mutual Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Hovde Group downgraded Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 price target on the stock. in a report on Friday, July 21st. Finally, Zacks Investment Research downgraded Bank Mutual Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th.
In other news, VP Gregory A. Larson sold 17,900 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $10.60, for a total value of $189,740.00. Following the transaction, the vice president now owns 117,144 shares in the company, valued at approximately $1,241,726.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael W. Dosland sold 32,493 shares of the stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $10.53, for a total value of $342,151.29. Following the completion of the transaction, the insider now owns 36,907 shares in the company, valued at approximately $388,630.71. The disclosure for this sale can be found here. Corporate insiders own 10.00% 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.
Receive News & Ratings for Bank Mutual Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank Mutual Corporation and related companies with MarketBeat.com's FREE daily email newsletter.