Dimensional Fund Advisors LP Lowers Holdings in Bank Mutual Co. (BKMU)

Dimensional Fund Advisors LP decreased its position in Bank Mutual Co. (NASDAQ:BKMU) by 0.9% during the 3rd quarter, Holdings Channel reports. The firm owned 2,659,901 shares of the financial services provider’s stock after selling 22,927 shares during the quarter. Dimensional Fund Advisors LP owned about 0.06% of Bank Mutual worth $26,998,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BKMU. BNP Paribas Arbitrage SA grew its holdings in Bank Mutual by 56.0% in the second quarter. BNP Paribas Arbitrage SA now owns 12,431 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 4,464 shares during the last quarter. Context BH Capital Management LP acquired a new stake in Bank Mutual in the third quarter valued at $115,000. SG Americas Securities LLC acquired a new stake in Bank Mutual in the third quarter valued at $115,000. Susquehanna International Group LLP acquired a new stake in Bank Mutual in the second quarter valued at $127,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Bank Mutual in the third quarter valued at $149,000. 54.84% of the stock is currently owned by institutional investors.

In other news, VP Christopher L. Mayne sold 16,500 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $10.79, for a total value of $178,035.00. Following the sale, the vice president now directly owns 74,500 shares in the company, valued at $803,855. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Gregory A. Larson sold 17,900 shares of the company’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $10.60, for a total value of $189,740.00. Following the completion of the sale, the vice president now owns 117,144 shares in the company, valued at $1,241,726.40. The disclosure for this sale can be found here. Insiders sold 66,893 shares of company stock worth $709,926 over the last 90 days. Company insiders own 10.00% of the company’s stock.

BKMU has been the topic of several research reports. Zacks Investment Research lowered Bank Mutual from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $11.00 target price on shares of Bank Mutual in a report on Thursday, October 19th. Finally, BidaskClub lowered Bank Mutual from a “buy” rating to a “hold” rating in a report on Thursday, January 4th.

Shares of Bank Mutual Co. (BKMU) opened at $10.90 on Friday. 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 Co. has a 12-month low of $8.60 and a 12-month high of $11.30. The stock has a market capitalization of $508.40, a price-to-earnings ratio of 37.59, a PEG ratio of 4.56 and a beta of 0.55.

Bank Mutual (NASDAQ:BKMU) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). Bank Mutual had a net margin of 12.07% and a return on equity of 6.57%. The company had revenue of $24.94 million during the quarter, compared to analysts’ expectations of $24.50 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. sell-side analysts anticipate that Bank Mutual Co. will post 0.48 EPS for the current fiscal year.

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About Bank Mutual

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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