Noteworthy Price Action: Bank Mutual Corporation’s Trend Up, Especially After Today’s 52-Week High Milestone

Noteworthy Price Action: Bank Mutual Corporation's Trend Up, Especially After Today's 52 Week High Milestone

The stock of Bank Mutual Corporation (NASDAQ:BKMU) hit a new 52-week high and has $9.63 target or 7.00% above today’s $9.00 share price. The 9 months bullish chart indicates low risk for the $411.05M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $9.63 price target is reached, the company will be worth $28.77M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 61,523 shares traded hands. Bank Mutual Corporation (NASDAQ:BKMU) has risen 6.97% since April 22, 2016 and is uptrending. It has outperformed by 1.56% the S&P500.

Analysts await Bank Mutual Corporation (NASDAQ:BKMU) to report earnings on January, 18. They expect $0.10 EPS, up 25.00% or $0.02 from last year’s $0.08 per share. BKMU’s profit will be $4.57 million for 22.50 P/E if the $0.10 EPS becomes a reality. After $0.10 actual EPS reported by Bank Mutual Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Bank Mutual Corporation (NASDAQ:BKMU) Ratings Coverage

Out of 3 analysts covering Bank Mutual (NASDAQ:BKMU), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Bank Mutual has been the topic of 4 analyst reports since September 2, 2015 according to StockzIntelligence Inc. Wood initiated it with “Market Perform” rating and $8 target price in Friday, April 8 report. Hovde Group upgraded the shares of BKMU in a report on Monday, January 25 to “Outperform” rating. The rating was downgraded by Hovde Group to “Market Perform” on Friday, October 2. The rating was upgraded by Zacks on Wednesday, September 2 to “Hold”.

According to Zacks Investment Research, “Bank Mutual Corporation is a financial institution holding company for two subsidiary banks, Mutual Savings Bank and First Northern Savings Bank.”

Insitutional Activity: The institutional sentiment increased to 1.52 in 2016 Q2. Its up 0.49, from 1.03 in 2016Q1. The ratio is positive, as 4 funds sold all Bank Mutual Corporation shares owned while 33 reduced positions. 10 funds bought stakes while 28 increased positions. They now own 22.99 million shares or 4.19% less from 24.00 million shares in 2016Q1.
Millennium Management Ltd Liability Co accumulated 0% or 153,731 shares. Wells Fargo Communication Mn holds 0% of its portfolio in Bank Mutual Corporation (NASDAQ:BKMU) for 15,845 shares. Us Bancshares De holds 3,738 shares or 0% of its portfolio. Legal & General Public Ltd Company holds 8,236 shares or 0% of its portfolio. Moreover, Deutsche Bank Ag has 0% invested in Bank Mutual Corporation (NASDAQ:BKMU) for 173,697 shares. Geode Mgmt Ltd Limited Liability Company accumulated 0% or 286,871 shares. Tower Ltd Company (Trc) holds 0.01% of its portfolio in Bank Mutual Corporation (NASDAQ:BKMU) for 10,244 shares. Guggenheim Cap, a Illinois-based fund reported 194,810 shares. Pnc Serv Inc accumulated 361 shares or 0% of the stock. Kcg reported 15,789 shares or 0% of all its holdings. Moreover, Principal Financial Gru has 0% invested in Bank Mutual Corporation (NASDAQ:BKMU) for 298,098 shares. Texas Permanent School Fund holds 32,391 shares or 0% of its portfolio. Maltese Cap Mngmt Lc holds 55,100 shares or 0.05% of its portfolio. Fj Cap Mgmt holds 334,000 shares or 0.51% of its portfolio. Spark Mgmt Limited Liability has invested 0.02% of its portfolio in Bank Mutual Corporation (NASDAQ:BKMU).

Insider Transactions: Since August 23, 2016, the stock had 1 buying transaction, and 1 insider sale for $372,680 net activity. Lawton Patrick W. bought $19,125 worth of stock or 2,500 shares. Shares for $391,805 were sold by Mayne Christopher L on Tuesday, August 30.

More notable recent Bank Mutual Corporation (NASDAQ:BKMU) news were published by: Prnewswire.com which released: “Bank Mutual Corporation And Clover Partners Announce New Director Nominee” on February 22, 2016, also Nasdaq.com with their article: “Bank Mutual Corporation (BKMU) Ex-Dividend Date Scheduled for November 16, 2016” published on November 15, 2016, Nasdaq.com published: “Looking for a Top Momentum Stock? 3 Reasons Why Bank Mutual Corp. (BKMU) is a …” on November 15, 2016. More interesting news about Bank Mutual Corporation (NASDAQ:BKMU) were released by: Prnewswire.com and their article: “Bank Mutual Corporation Reports 33% Increase In Net Income For The Third …” published on October 19, 2016 as well as Prnewswire.com‘s news article titled: “Bank Mutual Corporation Reports 10% Increase In Net Income For The Second …” with publication date: July 20, 2016.

BKMU Company Profile

Bank Mutual Corporation, incorporated on April 28, 2003, is a savings and loan holding company. The Firm owns Bank Mutual (the Bank), a federally-chartered savings bank. The Firm operates through community banking segment. 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. In addition to deposits, the Bank obtains funds through borrowings from the Federal Home Loan Bank (FHLB) of Chicago. These funding sources are used to originate loans, including commercial and industrial loans, multi-family residential loans, non-residential commercial real estate loans, one- to four-family loans, home equity loans and other consumer loans. The Bank also purchases and/or participates in loans from third-party financial institutions and is a seller of residential loans in the secondary market. It also invests in mortgage-related and other investment securities.

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