Northern Trust Corp grew its holdings in Bank Mutual Corporation (NASDAQ:BKMU) by 6.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 543,320 shares of the financial services provider’s stock after purchasing an additional 33,111 shares during the quarter. Northern Trust Corp owned 1.18% of Bank Mutual Corporation worth $4,971,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Texas Permanent School Fund boosted its stake in shares of 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 purchasing an additional 417 shares during the period. Geode Capital Management LLC boosted its stake in shares of Bank Mutual Corporation by 0.5% in the first quarter. Geode Capital Management LLC now owns 340,493 shares of the financial services provider’s stock valued at $3,200,000 after purchasing an additional 1,582 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Bank Mutual Corporation by 9.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 31,840 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 2,717 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Bank Mutual Corporation by 5.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 173,224 shares of the financial services provider’s stock valued at $1,629,000 after purchasing an additional 8,550 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in shares of 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 purchasing an additional 100 shares during the period. 56.56% of the stock is owned by institutional investors and hedge funds.

Bank Mutual Corporation (BKMU) opened at $10.25 on Friday. The company has a market cap of $471.59, a P/E ratio of 28.47, a PEG ratio of 5.59 and a beta of 0.57. Bank Mutual Corporation has a 12 month low of $8.55 and a 12 month high of $10.80. 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 Corporation (NASDAQ:BKMU) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The firm had revenue of $24.94 million during the quarter, compared to analyst estimates of $24.50 million. Bank Mutual Corporation had a net margin of 14.19% and a return on equity of 5.72%. During the same period last year, the business earned $0.10 EPS. sell-side analysts expect that Bank Mutual Corporation will post 0.37 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Friday, November 17th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.22 annualized dividend and a yield of 2.15%. Bank Mutual Corporation’s dividend payout ratio (DPR) is 64.71%.

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

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

Bank Mutual Corporation 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 Corporation (NASDAQ:BKMU)

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