JPMorgan Chase & Co. decreased its stake in shares of Bank Mutual Corporation (NASDAQ:BKMU) by 11.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 138,077 shares of the financial services provider’s stock after selling 18,493 shares during the period. JPMorgan Chase & Co. owned 0.30% of Bank Mutual Corporation worth $1,263,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of BKMU. Thrivent Financial For Lutherans lifted its holdings in Bank Mutual Corporation by 673.2% during the 1st quarter. Thrivent Financial For Lutherans now owns 175,510 shares of the financial services provider’s stock worth $1,649,000 after purchasing an additional 152,810 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Bank Mutual Corporation by 5.5% during 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. Victory Capital Management Inc. purchased a new stake in Bank Mutual Corporation during the 1st quarter worth about $1,105,000. Wellington Management Group LLP purchased a new stake in Bank Mutual Corporation during the 1st quarter worth about $768,000. Finally, Bank of America Corp DE lifted its holdings in Bank Mutual Corporation by 24.5% during the 1st quarter. Bank of America Corp DE now owns 152,580 shares of the financial services provider’s stock worth $1,434,000 after purchasing an additional 29,982 shares in the last quarter. 56.06% of the stock is currently owned by institutional investors and hedge funds.
Bank Mutual Corporation (BKMU) opened at 10.70 on Friday. Bank Mutual Corporation has a 52 week low of $7.55 and a 52 week high of $10.80. The company has a market capitalization of $491.47 million, a price-to-earnings ratio of 29.72 and a beta of 0.57. The firm has a 50-day moving average price of $9.95 and a 200-day moving average price of $9.49.
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 Thomson Reuters’ 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 business had revenue of $24.94 million during the quarter, compared to analysts’ expectations of $24.50 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Analysts anticipate that Bank Mutual Corporation will post $0.37 EPS for the current fiscal year.
A number of brokerages recently issued reports on BKMU. Keefe, Bruyette & Woods reissued a “hold” rating and set a $11.00 price objective on shares of Bank Mutual Corporation in a report on Thursday, October 19th. BidaskClub lowered Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Zacks Investment Research lowered Bank Mutual Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Hovde Group lowered 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 note on Friday, July 21st.
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In other news, insider Michael W. Dosland sold 32,493 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $10.53, for a total value of $342,151.29. Following 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 Securities & Exchange Commission, which is available through this hyperlink. 10.00% of the stock is 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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