Crossmark Global Holdings Inc. Invests $149,000 in Bank Mutual Corporation (BKMU) Stock

Crossmark Global Holdings Inc. acquired a new position in Bank Mutual Corporation (NASDAQ:BKMU) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 14,700 shares of the financial services provider’s stock, valued at approximately $149,000.

A number of other institutional investors have also modified their holdings of BKMU. Alliancebernstein L.P. raised its stake in Bank Mutual 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 purchasing an additional 600 shares in the last quarter. Teachers Advisors LLC raised its stake in Bank Mutual by 3.3% in the 1st quarter. Teachers Advisors LLC now owns 85,732 shares of the financial services provider’s stock worth $806,000 after purchasing an additional 2,748 shares in the last quarter. Geode Capital Management LLC raised its stake in Bank Mutual by 0.5% in the 1st quarter. Geode Capital Management LLC now owns 340,493 shares of the financial services provider’s stock worth $3,200,000 after purchasing an additional 1,582 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Bank Mutual by 5.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,547,811 shares of the financial services provider’s stock worth $23,950,000 after purchasing an additional 132,012 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Bank Mutual by 5.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 173,224 shares of the financial services provider’s stock worth $1,629,000 after purchasing an additional 8,550 shares in the last quarter. Institutional investors and hedge funds own 54.72% of the company’s stock.

Several analysts have weighed in on the stock. BidaskClub cut shares of Bank Mutual from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $11.00 price objective on shares of Bank Mutual in a research note on Thursday, October 19th. Finally, Zacks Investment Research cut shares of Bank Mutual from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th.

Bank Mutual Corporation (BKMU) opened at $10.60 on Wednesday. The company has a market cap of $494.60, a P/E ratio of 29.86, a PEG ratio of 5.86 and a beta of 0.55. 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 has a 12-month low of $8.60 and a 12-month high of $11.00.

Bank Mutual (NASDAQ:BKMU) last issued its earnings results 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). The firm had revenue of $24.94 million during the quarter, compared to analyst estimates of $24.50 million. Bank Mutual had a net margin of 14.19% and a return on equity of 5.72%. During the same quarter in the previous year, the firm posted $0.10 earnings per share. sell-side analysts predict that Bank Mutual Corporation will post 0.37 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Friday, November 17th were given a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Thursday, November 16th. Bank Mutual’s payout ratio is presently 64.71%.

In other 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 value of $342,151.29. Following the completion of the transaction, the insider now directly owns 36,907 shares in the company, valued at approximately $388,630.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Gregory A. Larson sold 17,900 shares of the business’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 transaction of $189,740.00. Following the completion of the transaction, the vice president now owns 117,144 shares of the company’s stock, valued at $1,241,726.40. The disclosure for this sale can be found here. Insiders sold a total of 66,893 shares of company stock valued at $709,926 over the last 90 days. Corporate insiders own 10.00% of the company’s stock.

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Bank Mutual 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.

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

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