Momentum Stock Watch: Bank Mutual Corporation (BKMU)

Company Profile:

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. 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. As of December 31, 2016, it operated 64 banking offices in Wisconsin and 1 in Minnesota. Bank Mutual Corporation was founded in 1892 and is headquartered in Milwaukee, Wisconsin.

Recent News:

On May 1, 2017, its Board of Directors declared a quarterly cash dividend of $0.055 per share. The cash dividend will be paid on May 29, 2017, to shareholders of record on May 12, 2017.

Bank Mutual Corporation (BKMU) reported net income of $3.6 million or $0.08 per diluted share in the first quarter of 2017. Its net interest income increased by $904,000 or 5.1% during the first quarter of 2017 compared to the same quarter in 2016.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

BKMU’s strengths can be seen in its better growth and better profitability compared with its peers. Technical indicators signal the bullish signs, as there is a bullish cross in MACD and Stochastic Oscillator. RSI stands at 50.14 with positive bias. We rate Bank Mutual Corporation (BKMU) a STRONG BUY.

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