Wolverine Asset Management LLC boosted its stake in shares of Bank Mutual Co. (NASDAQ:BKMU) by 69.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 99,648 shares of the financial services provider’s stock after acquiring an additional 40,871 shares during the quarter. Wolverine Asset Management LLC owned about 0.22% of Bank Mutual worth $1,061,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Context BH Capital Management LP bought a new stake in Bank Mutual during the third quarter worth approximately $115,000. SG Americas Securities LLC bought a new stake in Bank Mutual during the third quarter worth approximately $115,000. Crossmark Global Holdings Inc. bought a new stake in Bank Mutual during the third quarter worth approximately $149,000. Teacher Retirement System of Texas bought a new stake in Bank Mutual during the fourth quarter worth approximately $160,000. Finally, Municipal Employees Retirement System of Michigan increased its stake in Bank Mutual by 58.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 15,860 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 5,870 shares during the last quarter. 54.81% of the stock is currently owned by institutional investors.
BKMU has been the topic of several analyst reports. BidaskClub cut Bank Mutual from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Zacks Investment Research raised Bank Mutual from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Thursday, January 18th.
Bank Mutual Co. (NASDAQ:BKMU) opened at $10.40 on Tuesday. The company has a market capitalization of $477.76, a P/E ratio of 35.86, a PEG ratio of 4.08 and a beta of 0.55. Bank Mutual Co. has a 52 week low of $8.60 and a 52 week high of $11.30. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.06 and a current ratio of 1.06.
Bank Mutual (NASDAQ:BKMU) last released its earnings results on Wednesday, January 17th. The financial services provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $25.39 million for the quarter, compared to analysts’ expectations of $25.10 million. Bank Mutual had a return on equity of 2.59% and a net margin of 7.36%. sell-side analysts forecast that Bank Mutual Co. will post 0.51 EPS for the current 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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