The Manufacturers Life Insurance Company Buys 11,896 Shares of Bank Mutual Corporation (BKMU)

The Manufacturers Life Insurance Company lifted its stake in Bank Mutual Corporation (NASDAQ:BKMU) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 478,421 shares of the financial services provider’s stock after buying an additional 11,896 shares during the period. The Manufacturers Life Insurance Company owned about 1.04% of Bank Mutual Corporation worth $4,377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Louisiana State Employees Retirement System raised its holdings in shares of Bank Mutual Corporation by 0.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the financial services provider’s stock worth $157,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Bank Mutual Corporation by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 22,052 shares of the financial services provider’s stock worth $202,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund raised its holdings in shares of Bank Mutual Corporation by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 30,852 shares of the financial services provider’s stock worth $282,000 after buying an additional 417 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Bank Mutual Corporation by 0.8% in the 1st quarter. Prudential Financial Inc. now owns 72,088 shares of the financial services provider’s stock worth $678,000 after buying an additional 600 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Bank Mutual Corporation by 1.1% in the 1st quarter. Alliancebernstein L.P. now owns 57,000 shares of the financial services provider’s stock worth $536,000 after buying an additional 600 shares in the last quarter. 56.69% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on BKMU. BidaskClub cut Bank Mutual Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered Bank Mutual Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Bank Mutual Corporation in a research report on Sunday, July 23rd. Finally, Hovde Group lowered Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 price target on the stock. in a research report on Friday, July 21st.

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In other Bank Mutual Corporation news, insider Michael W. Dosland sold 32,493 shares of the business’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 transaction, the insider now directly owns 36,907 shares in the company, valued at $388,630.71. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.00% of the stock is owned by insiders.

Shares of Bank Mutual Corporation (BKMU) opened at 10.575 on Wednesday. The company has a market capitalization of $485.73 million, a price-to-earnings ratio of 29.375 and a beta of 0.57. Bank Mutual Corporation has a 52-week low of $7.70 and a 52-week high of $10.80. The company’s 50-day moving average price is $10.14 and its 200-day moving average price is $9.52.

Bank Mutual Corporation (NASDAQ:BKMU) last announced its quarterly earnings data 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 Corporation had a net margin of 14.19% and a return on equity of 5.72%. The firm had revenue of $24.94 million for the quarter, compared to analyst estimates of $24.50 million. During the same quarter in the prior year, the firm earned $0.10 earnings per share. Equities research analysts forecast that Bank Mutual Corporation will post $0.37 EPS for the current fiscal year.

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.

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

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