Credit Suisse AG lowered its position in Bank Mutual Corporation (NASDAQ:BKMU) by 8.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,263 shares of the financial services provider’s stock after selling 10,215 shares during the period. Credit Suisse AG owned 0.23% of Bank Mutual Corporation worth $981,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Bank Mutual Corporation by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,547,811 shares of the financial services provider’s stock worth $23,950,000 after buying an additional 132,012 shares during the period. Renaissance Technologies LLC raised its stake in shares of Bank Mutual Corporation by 0.7% in the first quarter. Renaissance Technologies LLC now owns 2,040,153 shares of the financial services provider’s stock worth $19,177,000 after buying an additional 13,830 shares during the period. Bank of New York Mellon Corp raised its stake 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 during the period. Elizabeth Park Capital Advisors Ltd. acquired a new stake in shares of Bank Mutual Corporation during the first quarter worth approximately $5,997,000. Finally, Geode Capital Management LLC raised its stake in shares of Bank Mutual Corporation by 0.5% in the first quarter. Geode Capital Management LLC now owns 340,493 shares of the financial services provider’s stock worth $3,200,000 after buying an additional 1,582 shares during the period. Institutional investors and hedge funds own 55.14% of the company’s stock.

Shares of Bank Mutual Corporation (NASDAQ:BKMU) traded up 0.55% during mid-day trading on Wednesday, hitting $9.20. The company’s stock had a trading volume of 8,486 shares. The company has a market cap of $422.57 million, a price-to-earnings ratio of 25.56 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 52-week low of $7.53 and a 52-week high of $10.20.

Bank Mutual Corporation (NASDAQ:BKMU) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. Bank Mutual Corporation had a net margin of 14.77% and a return on equity of 5.67%. The company had revenue of $24.71 million for the quarter, compared to analyst estimates of $25.10 million. Equities analysts forecast that Bank Mutual Corporation will post $0.37 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Friday, August 18th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend is Wednesday, August 16th. Bank Mutual Corporation’s payout ratio is 61.11%.

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

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Institutional Ownership by Quarter for Bank Mutual Corporation (NASDAQ:BKMU)

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