LS Investment Advisors LLC continued to hold its stake in Bank Mutual Corp. (NASDAQ:BKMU) during the second quarter, Holdings Channel reports. The firm owned 19,799 shares of the financial services provider’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Bank Mutual Corp. were worth $152,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System increased its stake in Bank Mutual Corp. by 2.8% in the first quarter. Arizona State Retirement System now owns 21,752 shares of the financial services provider’s stock valued at $165,000 after buying an additional 600 shares during the period. Prudential Financial Inc. increased its stake in Bank Mutual Corp. by 3.6% in the first quarter. Prudential Financial Inc. now owns 101,318 shares of the financial services provider’s stock valued at $767,000 after buying an additional 3,500 shares during the period. Geode Capital Management LLC increased its stake in Bank Mutual Corp. by 1.6% in the first quarter. Geode Capital Management LLC now owns 292,667 shares of the financial services provider’s stock valued at $2,215,000 after buying an additional 4,694 shares during the period. BNP Paribas Arbitrage SA increased its stake in Bank Mutual Corp. by 111.2% in the second quarter. BNP Paribas Arbitrage SA now owns 13,008 shares of the financial services provider’s stock valued at $100,000 after buying an additional 6,849 shares during the period. Finally, State Street Corp increased its stake in Bank Mutual Corp. by 2.2% in the first quarter. State Street Corp now owns 945,288 shares of the financial services provider’s stock valued at $7,159,000 after buying an additional 20,685 shares during the period. Institutional investors and hedge funds own 51.29% of the company’s stock.
Shares of Bank Mutual Corp. (NASDAQ:BKMU) traded up 0.39% during trading on Friday, reaching $7.68. The company’s stock had a trading volume of 154,104 shares. Bank Mutual Corp. has a 52-week low of $7.00 and a 52-week high of $8.49. The stock has a 50-day moving average of $7.71 and a 200-day moving average of $7.75. The stock has a market cap of $350.13 million, a P/E ratio of 22.59 and a beta of 1.27.
Bank Mutual Corp. (NASDAQ:BKMU) last issued its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Bank Mutual Corp. had a return on equity of 5.48% and a net margin of 14.75%. During the same period in the prior year, the firm earned $0.08 earnings per share. Analysts predict that Bank Mutual Corp. will post $0.37 earnings per share for the current fiscal year.
Separately, Zacks Investment Research downgraded Bank Mutual Corp. from a “buy” rating to a “hold” rating in a research note on Monday, June 27th.
In other news, VP Christopher L. Mayne sold 50,000 shares of the stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $7.84, for a total value of $392,000.00. Following the completion of the sale, the vice president now directly owns 110,100 shares of the company’s stock, valued at $863,184. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.80% of the stock is owned by insiders.
About Bank Mutual Corp.
Bank Mutual Corporation is a savings and loan holding company. The Company owns Bank Mutual (the Bank), a federally-chartered savings bank. The Company operates through community banking segment. 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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