BNP Paribas Arbitrage SA raised its position in Bank Mutual Corp. (NASDAQ:BKMU) by 111.2% during the second quarter, Holdings Channel reports. The institutional investor owned 13,008 shares of the financial services provider’s stock after buying an additional 6,849 shares during the period. BNP Paribas Arbitrage SA’s holdings in Bank Mutual Corp. were worth $100,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of BKMU. Renaissance Technologies LLC boosted its position in shares of Bank Mutual Corp. by 4.0% in the first quarter. Renaissance Technologies LLC now owns 1,505,600 shares of the financial services provider’s stock worth $11,397,000 after buying an additional 57,367 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of 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 worth $2,215,000 after buying an additional 4,694 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of 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 worth $767,000 after buying an additional 3,500 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of 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 worth $165,000 after buying an additional 600 shares in the last quarter. 51.29% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Bank Mutual Corp. (NASDAQ:BKMU) traded up 0.39% during midday trading on Friday, hitting $7.68. 154,104 shares of the company’s stock traded hands. The firm has a market capitalization of $350.13 million, a price-to-earnings ratio of 22.59 and a beta of 1.27. Bank Mutual Corp. has a 1-year low of $7.00 and a 1-year high of $8.49. The company has a 50 day moving average price of $7.71 and a 200 day moving average price of $7.75.
Bank Mutual Corp. (NASDAQ:BKMU) last announced its earnings results 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 net margin of 14.75% and a return on equity of 5.48%. During the same period in the prior year, the firm posted $0.08 EPS. Equities analysts anticipate that Bank Mutual Corp. will post $0.37 earnings per share for the current year.
Separately, Zacks Investment Research cut shares of Bank Mutual Corp. from a “buy” rating to a “hold” rating in a report on Monday, June 27th.
In related news, VP Christopher L. Mayne sold 50,000 shares of Bank Mutual Corp. stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $7.84, for a total value of $392,000.00. Following the transaction, the vice president now owns 110,100 shares in the company, valued at approximately $863,184. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.80% of the stock is currently owned by corporate 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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