Zacks: Analysts Expect Bank Mutual Co. (BKMU) to Post $0.10 EPS

Wall Street brokerages expect that Bank Mutual Co. (NASDAQ:BKMU) will report earnings per share of $0.10 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Bank Mutual’s earnings. The highest EPS estimate is $0.10 and the lowest is $0.09. Bank Mutual reported earnings of $0.09 per share in the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The firm is scheduled to announce its next earnings report on Wednesday, July 19th.

According to Zacks, analysts expect that Bank Mutual will report full-year earnings of $0.39 per share for the current fiscal year. For the next year, analysts anticipate that the firm will post earnings of $0.45 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Bank Mutual.

Bank Mutual (NASDAQ:BKMU) last released its quarterly earnings results on Wednesday, April 19th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $23.99 million during the quarter, compared to the consensus estimate of $24.55 million. Bank Mutual had a return on equity of 5.91% and a net margin of 15.41%. During the same quarter in the prior year, the company posted $0.10 EPS.

Separately, Zacks Investment Research upgraded Bank Mutual from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Tuesday, March 21st.

Bank Mutual (BKMU) traded down 1.63% during mid-day trading on Monday, hitting $9.05. The stock had a trading volume of 58,995 shares. Bank Mutual has a 52 week low of $7.31 and a 52 week high of $10.20. The company has a market capitalization of $415.68 million, a P/E ratio of 25.86 and a beta of 0.79. The stock’s 50-day moving average is $9.26 and its 200 day moving average is $9.40.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 29th. Stockholders of record on Friday, May 12th were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Wednesday, May 10th. Bank Mutual’s dividend payout ratio is presently 57.90%.

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Several large investors have recently modified their holdings of the company. TD Asset Management Inc. increased its stake in Bank Mutual by 9.9% in the first quarter. TD Asset Management Inc. now owns 11,100 shares of the financial services provider’s stock worth $104,000 after buying an additional 1,000 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Bank Mutual during the fourth quarter valued at approximately $121,000. Citadel Advisors LLC increased its position in shares of Bank Mutual 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 in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Bank Mutual by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 17,100 shares of the financial services provider’s stock valued at $161,000 after buying an additional 200 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Bank Mutual by 16.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 18,721 shares of the financial services provider’s stock valued at $177,000 after buying an additional 2,600 shares in the last quarter. Institutional investors own 51.03% of the company’s stock.

About Bank Mutual

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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