Wells Fargo & Company MN grew its holdings in Bank Mutual Co. (NASDAQ:BKMU) by 56.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,310 shares of the financial services provider’s stock after acquiring an additional 18,596 shares during the quarter. Wells Fargo & Company MN’s holdings in Bank Mutual were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Schwab Charles Investment Management Inc. boosted its position in shares of Bank Mutual by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 174,174 shares of the financial services provider’s stock valued at $1,594,000 after acquiring an additional 950 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Bank Mutual by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 228,138 shares of the financial services provider’s stock valued at $2,087,000 after acquiring an additional 1,324 shares during the period. Citadel Advisors LLC boosted its position in shares of Bank Mutual by 9.0% in the second quarter. Citadel Advisors LLC now owns 17,290 shares of the financial services provider’s stock valued at $158,000 after acquiring an additional 1,421 shares during the period. Principal Financial Group Inc. boosted its position in shares of Bank Mutual by 0.6% in the second quarter. Principal Financial Group Inc. now owns 321,415 shares of the financial services provider’s stock valued at $2,941,000 after acquiring an additional 1,904 shares during the period. Finally, Pinebridge Investments L.P. boosted its position in shares of Bank Mutual by 9.6% in the second quarter. Pinebridge Investments L.P. now owns 26,882 shares of the financial services provider’s stock valued at $246,000 after acquiring an additional 2,353 shares during the period. 54.81% of the stock is owned by institutional investors.

Shares of Bank Mutual Co. (NASDAQ BKMU) opened at $10.40 on Thursday. Bank Mutual Co. has a 12-month low of $8.60 and a 12-month high of $11.30. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $481.22, a P/E ratio of 24.88, a PEG ratio of 4.10 and a beta of 0.55.

Bank Mutual (NASDAQ:BKMU) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $25.39 million during the quarter, compared to analyst estimates of $25.10 million. Bank Mutual had a return on equity of 6.59% and a net margin of 12.07%. sell-side analysts anticipate that Bank Mutual Co. will post 0.51 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on BKMU shares. BidaskClub raised Bank Mutual from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.00 price objective on shares of Bank Mutual in a research report on Thursday, October 19th. Finally, Zacks Investment Research raised Bank Mutual from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Thursday, January 18th.

In related news, VP Christopher L. Mayne sold 16,500 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $10.79, for a total value of $178,035.00. Following the completion of the transaction, the vice president now directly owns 74,500 shares in the company, valued at $803,855. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.00% of the company’s stock.

WARNING: “Wells Fargo & Company MN Boosts Stake in Bank Mutual Co. (BKMU)” was first posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.watchlistnews.com/wells-fargo-company-mn-boosts-stake-in-bank-mutual-co-bkmu/1836591.html.

Bank Mutual 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.

Want to see what other hedge funds are holding BKMU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank Mutual Co. (NASDAQ:BKMU).

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

Receive News & Ratings for Bank Mutual Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank Mutual and related companies with MarketBeat.com's FREE daily email newsletter.