Kassirer Asset Management Corp bought a new stake in Bank Mutual Corporation (NASDAQ:BKMU) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 50,000 shares of the financial services provider’s stock, valued at approximately $508,000. Kassirer Asset Management Corp owned 0.11% of Bank Mutual Corporation as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Louisiana State Employees Retirement System boosted its stake in Bank Mutual Corporation by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 100 shares during the period. Arizona State Retirement System boosted its stake in Bank Mutual Corporation by 0.5% in the second quarter. Arizona State Retirement System now owns 22,052 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 100 shares during the period. Texas Permanent School Fund boosted its stake in Bank Mutual Corporation by 1.4% in the second quarter. Texas Permanent School Fund now owns 30,852 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 417 shares during the period. Alliancebernstein L.P. boosted its stake in Bank Mutual Corporation by 1.1% in the first quarter. Alliancebernstein L.P. now owns 57,000 shares of the financial services provider’s stock valued at $536,000 after acquiring an additional 600 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Bank Mutual Corporation by 0.8% in the first quarter. Prudential Financial Inc. now owns 72,088 shares of the financial services provider’s stock valued at $678,000 after acquiring an additional 600 shares during the period. Institutional investors own 56.71% of the company’s stock.

Several equities analysts have recently issued reports on the company. BidaskClub downgraded Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Zacks Investment Research downgraded Bank Mutual Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Bank Mutual Corporation in a research report on Sunday, July 23rd. Finally, Hovde Group downgraded Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 price objective for the company. in a research report on Friday, July 21st.

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Shares of Bank Mutual Corporation (NASDAQ:BKMU) traded up $0.05 during midday trading on Friday, hitting $10.10. The stock had a trading volume of 47,200 shares, compared to its average volume of 139,937. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.04 and a current ratio of 1.05. The firm has a market capitalization of $466.29, a P/E ratio of 27.92, a PEG ratio of 5.48 and a beta of 0.57. Bank Mutual Corporation has a fifty-two week low of $8.25 and a fifty-two week high of $10.80.

Bank Mutual Corporation (NASDAQ:BKMU) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The business had revenue of $24.94 million for the quarter, compared to analyst estimates of $24.50 million. Bank Mutual Corporation had a return on equity of 5.72% and a net margin of 14.19%. During the same quarter in the prior year, the firm posted $0.10 earnings per share. equities research analysts forecast that Bank Mutual Corporation will post 0.37 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Friday, November 17th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.22 annualized dividend and a dividend yield of 2.18%. Bank Mutual Corporation’s dividend payout ratio is presently 64.71%.

In related news, insider Michael W. Dosland sold 32,493 shares of the business’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $10.53, for a total transaction of $342,151.29. Following the sale, the insider now owns 36,907 shares of the company’s stock, valued at $388,630.71. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Gregory A. Larson sold 17,900 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $10.60, for a total value of $189,740.00. Following the sale, the vice president now directly owns 117,144 shares in the company, valued at approximately $1,241,726.40. The disclosure for this sale can be found here. Insiders own 10.00% of the company’s stock.

About Bank Mutual Corporation

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

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