Dimensional Fund Advisors LP Acquires 135,017 Shares of Bank Mutual Corporation (NASDAQ:BKMU)

Dimensional Fund Advisors LP grew its holdings in shares of Bank Mutual Corporation (NASDAQ:BKMU) by 5.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,682,828 shares of the financial services provider’s stock after purchasing an additional 135,017 shares during the quarter. Dimensional Fund Advisors LP owned about 5.84% of Bank Mutual Corporation worth $24,548,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Crescent Grove Advisors LLC bought a new position in Bank Mutual Corporation during the second quarter worth about $113,000. BNP Paribas Arbitrage SA boosted its position in Bank Mutual Corporation by 56.0% during the second quarter. BNP Paribas Arbitrage SA now owns 12,431 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 4,464 shares during the period. Citadel Advisors LLC boosted its position in Bank Mutual Corporation by 9.8% during the first quarter. Citadel Advisors LLC now owns 15,869 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,417 shares during the period. Louisiana State Employees Retirement System boosted its position in Bank Mutual Corporation by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 100 shares during the period. Finally, Arizona State Retirement System boosted its position in Bank Mutual Corporation by 0.5% during the second quarter. Arizona State Retirement System now owns 22,052 shares of the financial services provider’s stock worth $202,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 56.56% of the company’s stock.

A number of brokerages have weighed in on BKMU. Zacks Investment Research lowered shares of Bank Mutual Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $11.00 target price on shares of Bank Mutual Corporation in a research report on Thursday, October 19th. BidaskClub downgraded shares of Bank Mutual Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Hovde Group downgraded shares of Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 price target on the stock. in a report on Friday, July 21st.

In related news, insider Michael W. Dosland sold 32,493 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $10.53, for a total value of $342,151.29. Following the sale, the insider now directly owns 36,907 shares of the company’s stock, valued at $388,630.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Gregory A. Larson sold 17,900 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $10.60, for a total transaction of $189,740.00. Following the completion of the sale, the vice president now directly owns 117,144 shares in the company, valued at $1,241,726.40. The disclosure for this sale can be found here. Company insiders own 10.00% of the company’s stock.

Shares of Bank Mutual Corporation (BKMU) opened at $10.20 on Wednesday. Bank Mutual Corporation has a fifty-two week low of $8.25 and a fifty-two week high of $10.80. The stock has a market cap of $466.99, a PE ratio of 28.19, a PEG ratio of 5.54 and a beta of 0.57. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.05 and a quick ratio of 1.04.

Bank Mutual Corporation (NASDAQ:BKMU) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $24.94 million during the quarter, compared to analysts’ expectations of $24.50 million. Bank Mutual Corporation had a net margin of 14.19% and a return on equity of 5.72%. During the same period in the prior year, the business earned $0.10 earnings per share. research analysts predict that Bank Mutual Corporation will post 0.37 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Friday, November 17th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Thursday, November 16th. Bank Mutual Corporation’s dividend payout ratio is currently 64.71%.

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Bank Mutual Corporation 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.

Institutional Ownership by Quarter for Bank Mutual Corporation (NASDAQ:BKMU)

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