Bank Mutual Co. (BKMU) Position Increased by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in shares of Bank Mutual Co. (NASDAQ:BKMU) by 5.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,101,200 shares of the financial services provider’s stock after buying an additional 112,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Bank Mutual were worth $22,378,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BKMU. BlackRock Inc. raised its position in Bank Mutual by 1.6% in the fourth quarter. BlackRock Inc. now owns 5,806,654 shares of the financial services provider’s stock valued at $61,841,000 after purchasing an additional 93,959 shares during the last quarter. State Street Corp raised its position in Bank Mutual by 8.6% in the second 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 last quarter. Magnetar Financial LLC bought a new position in Bank Mutual in the third quarter valued at about $5,574,000. Mizuho Securities USA LLC raised its position in Bank Mutual by 13.9% in the fourth quarter. Mizuho Securities USA LLC now owns 346,183 shares of the financial services provider’s stock valued at $3,687,000 after purchasing an additional 42,133 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Bank Mutual by 4.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 191,024 shares of the financial services provider’s stock valued at $2,035,000 after purchasing an additional 8,112 shares during the last quarter. Institutional investors and hedge funds own 54.81% of the company’s stock.

Several research firms have commented on BKMU. Zacks Investment Research upgraded Bank Mutual from a “sell” rating to a “hold” rating and set a $12.00 target price for the company in a research report on Tuesday, December 26th. BidaskClub downgraded Bank Mutual from a “buy” rating to a “hold” rating in a research report on Friday, January 19th.

Bank Mutual Co. (NASDAQ:BKMU) opened at $10.40 on Monday. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $477.76, a PE ratio of 35.86, a price-to-earnings-growth ratio of 4.08 and a beta of 0.55. Bank Mutual Co. has a 1 year low of $8.60 and a 1 year high of $11.30.

Bank Mutual (NASDAQ:BKMU) last posted its earnings results on Wednesday, January 17th. The financial services provider reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. The firm had revenue of $25.39 million during the quarter, compared to the consensus estimate of $25.10 million. Bank Mutual had a return on equity of 2.59% and a net margin of 7.36%. equities research analysts anticipate that Bank Mutual Co. will post 0.51 EPS for the current fiscal year.

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Bank Mutual Company 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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