26,990 Shares in Bank Mutual Corporation (BKMU) Purchased by Stifel Financial Corp

Stifel Financial Corp bought a new stake in Bank Mutual Corporation (NASDAQ:BKMU) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,990 shares of the financial services provider’s stock, valued at approximately $247,000. Stifel Financial Corp owned approximately 0.06% of Bank Mutual Corporation at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Louisiana State Employees Retirement System boosted its position 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 buying an additional 100 shares in the last quarter. Arizona State Retirement System boosted its position 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 buying an additional 100 shares in the last quarter. Texas Permanent School Fund boosted its position 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 buying an additional 417 shares in the last quarter. Alliancebernstein L.P. boosted its position 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 buying an additional 600 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position 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 buying an additional 600 shares in the last quarter. Hedge funds and other institutional investors own 56.71% of the company’s stock.

BKMU has been the topic of a number of research analyst reports. Hovde Group lowered shares of Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 target price on the stock. in a research report on Friday, July 21st. BidaskClub lowered shares of Bank Mutual Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Bank Mutual Corporation in a report on Sunday, July 23rd. Finally, Zacks Investment Research lowered shares of Bank Mutual Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th.

Bank Mutual Corporation (NASDAQ BKMU) opened at $10.50 on Monday. The firm has a market capitalization of $482.35, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 5.73 and a beta of 0.57. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.04 and a current ratio of 1.05.

Bank Mutual Corporation (NASDAQ:BKMU) last issued its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.08 EPS for the quarter, missing analysts’ consensus estimates 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 last year, the firm posted $0.10 EPS. equities research analysts expect that Bank Mutual Corporation will post 0.37 earnings per share for the current fiscal year.

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In other news, VP Gregory A. Larson sold 17,900 shares of Bank Mutual Corporation stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $10.60, for a total transaction of $189,740.00. Following the transaction, the vice president now owns 117,144 shares in the company, valued at $1,241,726.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Michael W. Dosland sold 32,493 shares of Bank Mutual Corporation stock in a transaction 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 transaction, the insider now 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 currently owned by insiders.

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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