Magnetar Financial LLC Takes Position in Bank Mutual Corporation (BKMU)

Magnetar Financial LLC acquired a new position in shares of Bank Mutual Corporation (NASDAQ:BKMU) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 549,192 shares of the financial services provider’s stock, valued at approximately $5,574,000. Magnetar Financial LLC owned about 1.19% of Bank Mutual at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BKMU. Mizuho Securities USA LLC bought a new stake in shares of Bank Mutual in the 3rd quarter valued at about $3,086,000. Dimensional Fund Advisors LP raised its holdings in shares of Bank Mutual by 5.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,682,828 shares of the financial services provider’s stock valued at $24,548,000 after purchasing an additional 135,017 shares during the period. Thrivent Financial For Lutherans raised its holdings in shares of Bank Mutual by 66.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 292,210 shares of the financial services provider’s stock valued at $2,674,000 after purchasing an additional 116,700 shares during the period. State Street Corp raised its holdings in shares of Bank Mutual by 8.6% in the 2nd quarter. State Street Corp now owns 1,124,040 shares of the financial services provider’s stock valued at $10,288,000 after purchasing an additional 88,581 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Bank Mutual by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,523,326 shares of the financial services provider’s stock valued at $23,088,000 after purchasing an additional 66,250 shares during the period. Institutional investors own 54.72% of the company’s stock.

A number of equities research analysts have recently issued reports on BKMU shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $11.00 target price on shares of Bank Mutual in a report on Thursday, October 19th. Zacks Investment Research cut shares of Bank Mutual from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th.

Bank Mutual Corporation (BKMU) opened at $10.50 on Thursday. The firm has a market cap of $494.60, a PE ratio of 29.86, a price-to-earnings-growth 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 fifty-two week low of $8.60 and a fifty-two week high of $11.00.

Bank Mutual (NASDAQ:BKMU) last released its quarterly 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 company had revenue of $24.94 million during the quarter, compared to the consensus estimate of $24.50 million. Bank Mutual had a net margin of 14.19% and a return on equity of 5.72%. During the same period in the prior year, the company earned $0.10 earnings per share. equities research analysts anticipate that Bank Mutual Corporation will post 0.37 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Friday, November 17th were issued a $0.055 dividend. The ex-dividend date was Thursday, November 16th. This represents a $0.22 annualized dividend and a yield of 2.10%. Bank Mutual’s dividend payout ratio is currently 64.71%.

In other Bank Mutual news, VP Christopher L. Mayne sold 16,500 shares of the stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $10.79, for a total value of $178,035.00. Following the transaction, the vice president now directly owns 74,500 shares of the company’s stock, valued at approximately $803,855. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael W. Dosland sold 32,493 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. Over the last three months, insiders sold 66,893 shares of company stock worth $709,926. Insiders own 10.00% of the company’s stock.

WARNING: “Magnetar Financial LLC Takes Position in Bank Mutual Corporation (BKMU)” was published by Community Financial News and is the property of of Community Financial News. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://www.com-unik.info/2017/12/07/magnetar-financial-llc-takes-position-in-bank-mutual-corporation-bkmu.html.

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.

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

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