Stone Ridge Asset Management LLC Purchases Shares of 20,180 Bank Mutual Co. (BKMU)

Stone Ridge Asset Management LLC purchased a new stake in Bank Mutual Co. (NASDAQ:BKMU) in the 4th quarter, Holdings Channel reports. The firm purchased 20,180 shares of the financial services provider’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Municipal Employees Retirement System of Michigan grew its holdings in Bank Mutual by 58.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 15,860 shares of the financial services provider’s stock valued at $161,000 after buying an additional 5,870 shares during the period. Swiss National Bank grew its holdings in Bank Mutual by 10.7% in the 4th quarter. Swiss National Bank now owns 76,400 shares of the financial services provider’s stock valued at $814,000 after buying an additional 7,400 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Bank Mutual by 4.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 191,024 shares of the financial services provider’s stock valued at $2,035,000 after buying an additional 8,112 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Bank Mutual by 71.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 21,333 shares of the financial services provider’s stock valued at $217,000 after buying an additional 8,902 shares during the period. Finally, KBC Group NV grew its holdings in Bank Mutual by 22.2% in the 3rd quarter. KBC Group NV now owns 49,828 shares of the financial services provider’s stock valued at $506,000 after buying an additional 9,040 shares during the period. Institutional investors own 54.81% of the company’s stock.

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Shares of NASDAQ:BKMU opened at $10.40 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.44. Bank Mutual Co. has a 1 year low of $8.60 and a 1 year high of $11.30.

Bank Mutual (NASDAQ:BKMU) last issued its earnings results on Wednesday, January 17th. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. Bank Mutual had a return on equity of 2.59% and a net margin of 7.36%. The business had revenue of $25.39 million during the quarter, compared to analysts’ expectations of $25.10 million. analysts expect that Bank Mutual Co. will post 0.51 EPS for the current year.

Several research firms have commented on BKMU. BidaskClub upgraded Bank Mutual from a “hold” rating to a “buy” rating in a report on Saturday, January 13th. Zacks Investment Research cut Bank Mutual from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th.

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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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