Comerica Bank decreased its holdings in Bank Mutual Corporation (NASDAQ:BKMU) by 5.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,845 shares of the financial services provider’s stock after selling 2,482 shares during the period. Comerica Bank owned about 0.10% of Bank Mutual Corporation worth $425,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Legal & General Group Plc raised its stake in Bank Mutual Corporation by 8.8% in the second quarter. Legal & General Group Plc now owns 77,707 shares of the financial services provider’s stock valued at $710,000 after buying an additional 6,292 shares during the period. Crescent Grove Advisors LLC bought a new stake in Bank Mutual Corporation in the second quarter valued at approximately $113,000. Arizona State Retirement System raised its stake 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 period. Schwab Charles Investment Management Inc. raised its stake in Bank Mutual Corporation by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 174,174 shares of the financial services provider’s stock valued at $1,594,000 after buying an additional 950 shares during the period. Finally, Texas Permanent School Fund raised its stake 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 period. Hedge funds and other institutional investors own 56.08% of the company’s stock.

Shares of Bank Mutual Corporation (NASDAQ BKMU) opened at 9.80 on Tuesday. The company has a market cap of $450.13 million, a price-to-earnings ratio of 27.22 and a beta of 0.56. Bank Mutual Corporation has a 1-year low of $7.53 and a 1-year high of $10.20. The firm has a 50-day moving average price of $9.35 and a 200 day moving average price of $9.36.

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, hitting analysts’ consensus estimates of $0.09. The company had revenue of $24.71 million for the quarter, compared to analysts’ expectations of $25.10 million. Bank Mutual Corporation had a net margin of 14.77% and a return on equity of 5.67%. On average, analysts predict that Bank Mutual Corporation will post $0.37 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 28th. Shareholders of record on Friday, August 18th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.22 dividend on an annualized basis and a yield of 2.26%. Bank Mutual Corporation’s payout ratio is 61.11%.

BKMU has been the topic of several research analyst reports. Zacks Investment Research upgraded Bank Mutual Corporation from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Friday, June 2nd. BidaskClub lowered Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Bank Mutual Corporation in a research note on Sunday, July 23rd. Finally, Hovde Group lowered Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 price objective 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 assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.58.

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

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