The stock of Bank Mutual Corporation (NASDAQ:BKMU) hit a new 52-week high and has $22.79 target or 159.00% above today’s $8.80 share price. The 9 months bullish chart indicates low risk for the $399.53 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $22.79 price target is reached, the company will be worth $635.25 million 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 176,625 shares traded hands or 115.95% up from the average. Bank Mutual Corporation (NASDAQ:BKMU) has risen 9.95% since April 15, 2016 and is uptrending. It has outperformed by 5.32% the S&P500.
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. $8.50 is the highest target while $8 is the lowest. The $8.25 average target is -6.25% below today’s ($8.8) stock price. Bank Mutual has been the topic of 4 analyst reports since September 2, 2015 according to StockzIntelligence Inc. The rating was upgraded by Zacks on Wednesday, September 2 to “Hold”. The stock of Bank Mutual Corporation (NASDAQ:BKMU) earned “Market Perform” rating by Wood on Friday, April 8. Hovde Group downgraded the shares of BKMU in a report on Friday, October 2 to “Market Perform” rating. Hovde Group upgraded Bank Mutual Corporation (NASDAQ:BKMU) rating on Monday, January 25. Hovde Group has “Outperform” rating and $8.50 price target.
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 decreased to 1.03 in 2016 Q2. Its down 0.26, from 1.29 in 2016Q1. The ratio is negative, 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.
Citigroup has 12,485 shares for 0% of their US portfolio. Parametric Portfolio Assoc Ltd Co accumulated 0% or 161,388 shares. California State Teachers Retirement System reported 85,596 shares or 0% of all its holdings. Prudential Incorporated last reported 0% of its portfolio in the stock. Beese Fulmer Inv Management last reported 0.03% of its portfolio in the stock. Ameriprise Fincl Inc holds 0% of its portfolio in Bank Mutual Corporation (NASDAQ:BKMU) for 400,644 shares. Moreover, Wedge Cap Mgmt L L P Nc has 0.01% invested in Bank Mutual Corporation (NASDAQ:BKMU) for 66,500 shares. Moreover, Teacher Retirement System Of Texas has 0% invested in Bank Mutual Corporation (NASDAQ:BKMU) for 6,048 shares. Nationwide Fund Advsrs owns 36,228 shares or 0% of their US portfolio. Blackrock Invest Mgmt Limited Liability Corp reported 199,677 shares or 0% of all its holdings. Northern accumulated 0% or 485,648 shares. Maltese Capital Management holds 0.05% or 55,100 shares in its portfolio. Capstone Asset Mngmt, a Texas-based fund reported 25,570 shares. Kennedy Management owns 77,551 shares or 0.01% of their US portfolio. Barclays Public Ltd Company last reported 229 shares in the company.
Insider Transactions: Since August 23, 2016, the stock had 1 buy, and 1 insider sale for $372,680 net activity. On Tuesday, August 30 Mayne Christopher L sold $391,805 worth of the stock or 50,000 shares. Lawton Patrick W. had bought 2,500 shares worth $19,125.
More notable recent Bank Mutual Corporation (NASDAQ:BKMU) news were published by: Nasdaq.com which released: “Looking for a Top Momentum Stock? 3 Reasons Why Bank Mutual Corp. (BKMU) is a …” on November 15, 2016, also Nasdaq.com with their article: “Bank Mutual Corporation (BKMU) Ex-Dividend Date Scheduled for November 16, 2016” published on November 15, 2016, Prnewswire.com published: “Bank Mutual Corporation And Clover Partners Announce New Director Nominee” on February 22, 2016. More interesting news about Bank Mutual Corporation (NASDAQ:BKMU) were released by: Prnewswire.com and their article: “Bank Mutual Corporation Announces Quarterly Cash Dividend” published on November 07, 2016 as well as Prnewswire.com‘s news article titled: “Bank Mutual Corporation Reports 33% Increase In Net Income For The Third …” with publication date: October 19, 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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