Vanguard Group Inc. lowered its position in Bank Mutual Corporation (NASDAQ:BKMU) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,457,076 shares of the financial services provider’s stock after selling 129,210 shares during the period. Vanguard Group Inc. owned approximately 5.35% of Bank Mutual Corporation worth $23,097,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of Bank Mutual Corporation by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 691,393 shares of the financial services provider’s stock worth $6,499,000 after buying an additional 21,144 shares in the last quarter. Elizabeth Park Capital Advisors Ltd. acquired a new position in shares of Bank Mutual Corporation during the first quarter worth about $5,997,000. Principal Financial Group Inc. increased its position in shares of Bank Mutual Corporation by 2.9% in the first quarter. Principal Financial Group Inc. now owns 319,511 shares of the financial services provider’s stock worth $3,003,000 after buying an additional 9,030 shares in the last quarter. Thrivent Financial For Lutherans increased its position in shares of Bank Mutual Corporation by 673.2% in the first quarter. Thrivent Financial For Lutherans now owns 175,510 shares of the financial services provider’s stock worth $1,649,000 after buying an additional 152,810 shares in the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of Bank Mutual Corporation during the first quarter worth about $1,105,000. Institutional investors own 55.14% of the company’s stock.

Bank Mutual Corporation (NASDAQ BKMU) traded up 0.55% during trading on Tuesday, hitting $9.10. The stock had a trading volume of 8,695 shares. The firm has a market cap of $417.98 million, a P/E ratio of 25.28 and a beta of 0.55. The stock’s 50 day moving average price is $9.48 and its 200 day moving average price is $9.45. Bank Mutual Corporation has a 12-month low of $7.53 and a 12-month high of $10.20.

Bank Mutual Corporation (NASDAQ:BKMU) last announced its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $24.71 million during the quarter, compared to the consensus estimate of $25.10 million. Bank Mutual Corporation had a return on equity of 5.67% and a net margin of 14.77%. On average, 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 will be paid on Monday, August 28th. Shareholders of record on Friday, August 18th will be given a $0.055 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.22 dividend on an annualized basis and a yield of 2.43%. Bank Mutual Corporation’s payout ratio is currently 61.11%.

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BKMU has been the topic of several research reports. Zacks Investment Research downgraded Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research report on Monday, June 26th. Hovde Group downgraded Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 target price on the stock. in a research report on Friday, July 21st. BidaskClub downgraded Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of Bank Mutual Corporation in a research report on Sunday, July 23rd. Five investment analysts have rated the stock with a hold rating, Bank Mutual Corporation currently has an average rating of “Hold” and a consensus price target of $9.58.

Bank Mutual Corporation Company 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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