Bank Mutual Corporation (NASDAQ:BKMU) VP Gregory A. Larson sold 17,900 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $10.60, for a total value of $189,740.00. Following the completion of the transaction, the vice president now owns 117,144 shares of the company’s stock, valued at approximately $1,241,726.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Bank Mutual Corporation (NASDAQ:BKMU) last released its quarterly earnings results 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 Corporation had a net margin of 14.19% and a return on equity of 5.72%. The company had revenue of $24.94 million for the quarter, compared to the consensus estimate of $24.50 million. During the same period in the prior year, the firm posted $0.10 EPS.

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A number of large investors have recently added to or reduced their stakes in BKMU. Bank of New York Mellon Corp grew its holdings in Bank Mutual Corporation by 3.2% during the first quarter. Bank of New York Mellon Corp now owns 691,393 shares of the financial services provider’s stock valued at $6,499,000 after purchasing an additional 21,144 shares during the period. Parametric Portfolio Associates LLC grew its holdings in Bank Mutual Corporation by 16.5% during the first quarter. Parametric Portfolio Associates LLC now owns 114,361 shares of the financial services provider’s stock valued at $1,075,000 after purchasing an additional 16,162 shares during the period. Prudential Financial Inc. grew its holdings in Bank Mutual Corporation by 0.8% during the first quarter. Prudential Financial Inc. now owns 72,088 shares of the financial services provider’s stock valued at $678,000 after purchasing an additional 600 shares during the period. Arizona State Retirement System grew its holdings in Bank Mutual Corporation by 1.4% during the first quarter. Arizona State Retirement System now owns 21,952 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 300 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Bank Mutual Corporation by 1.1% during the first quarter. Alliancebernstein L.P. now owns 57,000 shares of the financial services provider’s stock valued at $536,000 after purchasing an additional 600 shares during the period. 56.69% of the stock is owned by institutional investors and hedge funds.

BKMU has been the subject of several analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.00 target price on shares of Bank Mutual Corporation in a research note on Thursday, October 19th. BidaskClub downgraded Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Hovde Group downgraded Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 target price for the company. in a research note on Friday, July 21st. Finally, Zacks Investment Research downgraded Bank Mutual Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th.

About Bank Mutual Corporation

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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