Bank Mutual Corporation (BKMU) Holdings Reduced by First Trust Advisors LP

First Trust Advisors LP lowered its stake in Bank Mutual Corporation (NASDAQ:BKMU) by 11.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,668 shares of the financial services provider’s stock after selling 13,239 shares during the quarter. First Trust Advisors LP owned about 0.23% of Bank Mutual Corporation worth $967,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Louisiana State Employees Retirement System lifted its position in Bank Mutual Corporation by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the financial services provider’s stock valued at $157,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System lifted its position in Bank Mutual Corporation by 0.5% in the second quarter. Arizona State Retirement System now owns 22,052 shares of the financial services provider’s stock valued at $202,000 after buying an additional 100 shares during the last quarter. Texas Permanent School Fund lifted its position in Bank Mutual Corporation by 1.4% in the second quarter. Texas Permanent School Fund now owns 30,852 shares of the financial services provider’s stock valued at $282,000 after buying an additional 417 shares during the last quarter. Alliancebernstein L.P. lifted its position in Bank Mutual Corporation by 1.1% in the first quarter. Alliancebernstein L.P. now owns 57,000 shares of the financial services provider’s stock valued at $536,000 after buying an additional 600 shares during the last quarter. Finally, Prudential Financial Inc. lifted its position in Bank Mutual Corporation by 0.8% in the first quarter. Prudential Financial Inc. now owns 72,088 shares of the financial services provider’s stock valued at $678,000 after buying an additional 600 shares during the last quarter. 56.08% of the stock is currently owned by institutional investors.

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A number of research firms have commented on BKMU. Zacks Investment Research cut shares of Bank Mutual Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub lowered shares of Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Bank Mutual Corporation in a research note on Sunday, July 23rd. Finally, Hovde Group lowered 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 research note on Friday, July 21st. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $9.58.

Shares of Bank Mutual Corporation (NASDAQ:BKMU) opened at 9.70 on Thursday. Bank Mutual Corporation has a 52 week low of $7.53 and a 52 week high of $10.20. The firm’s 50-day moving average is $9.35 and its 200-day moving average is $9.36. The stock has a market capitalization of $445.54 million, a price-to-earnings ratio of 26.94 and a beta of 0.56.

Bank Mutual Corporation (NASDAQ:BKMU) last released its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The business had revenue of $24.71 million for the quarter, compared to analyst estimates of $25.10 million. Bank Mutual Corporation had a return on equity of 5.67% and a net margin of 14.77%. On average, equities research analysts anticipate that Bank Mutual Corporation will post $0.37 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Friday, August 18th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 2.27%. The ex-dividend date was Wednesday, August 16th. Bank Mutual Corporation’s dividend payout ratio is currently 61.11%.

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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