Bank Mutual Corporation (BKMU) Shares Bought by State Street Corp

State Street Corp grew its holdings in shares of Bank Mutual Corporation (NASDAQ:BKMU) by 8.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,124,040 shares of the financial services provider’s stock after purchasing an additional 88,581 shares during the period. State Street Corp owned approximately 2.45% of Bank Mutual worth $10,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Royal Bank of Canada boosted its position in shares of Bank Mutual by 26.2% during the 2nd quarter. Royal Bank of Canada now owns 38,694 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 8,031 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Bank Mutual by 21.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 88,153 shares of the financial services provider’s stock valued at $807,000 after purchasing an additional 15,809 shares in the last quarter. Stifel Financial Corp bought a new position in shares of Bank Mutual during the 2nd quarter valued at about $247,000. Voya Investment Management LLC boosted its position in shares of Bank Mutual by 8.3% during the 2nd quarter. Voya Investment Management LLC now owns 34,336 shares of the financial services provider’s stock valued at $314,000 after purchasing an additional 2,625 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Bank Mutual by 5.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,682,828 shares of the financial services provider’s stock valued at $24,548,000 after purchasing an additional 135,017 shares in the last quarter. Institutional investors own 54.72% of the company’s stock.

Bank Mutual Corporation (NASDAQ:BKMU) opened at $10.60 on Wednesday. Bank Mutual Corporation has a fifty-two week low of $8.60 and a fifty-two week high of $11.00. The company has a market cap of $494.60, a PE ratio of 29.86, a price-to-earnings-growth ratio of 5.86 and a beta of 0.55. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 1.40.

Bank Mutual (NASDAQ:BKMU) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). Bank Mutual had a return on equity of 5.72% and a net margin of 14.19%. The firm had revenue of $24.94 million during the quarter, compared to analyst estimates of $24.50 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. sell-side analysts predict that Bank Mutual Corporation will post 0.37 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Friday, November 17th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, November 16th. Bank Mutual’s payout ratio is 64.71%.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Bank Mutual from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.00 target price on shares of Bank Mutual in a report on Thursday, October 19th. Finally, BidaskClub cut shares of Bank Mutual from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th.

In other news, insider Michael W. Dosland sold 32,493 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 36,907 shares of the company’s stock, valued at $388,630.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Gregory A. Larson sold 17,900 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $10.60, for a total transaction of $189,740.00. Following the completion of the sale, the vice president now directly owns 117,144 shares of the company’s stock, valued at $1,241,726.40. The disclosure for this sale can be found here. Insiders sold 66,893 shares of company stock valued at $709,926 over the last three months. 10.00% of the stock is owned by insiders.

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Bank Mutual 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.

Institutional Ownership by Quarter for Bank Mutual (NASDAQ:BKMU)

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