12,341 Shares in Bank Mutual Corporation (NASDAQ:BKMU) Acquired by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC acquired a new position in shares of Bank Mutual Corporation (NASDAQ:BKMU) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,341 shares of the financial services provider’s stock, valued at approximately $113,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Arizona State Retirement System boosted 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 worth $202,000 after buying an additional 100 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position 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 worth $1,594,000 after buying an additional 950 shares in the last quarter. Texas Permanent School Fund boosted 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 worth $282,000 after buying an additional 417 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Bank Mutual Corporation by 10.5% in the second quarter. Great West Life Assurance Co. Can now owns 62,876 shares of the financial services provider’s stock worth $572,000 after buying an additional 6,000 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted 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 worth $157,000 after buying an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 55.22% of the company’s stock.

Shares of Bank Mutual Corporation (NASDAQ BKMU) opened at 9.35 on Friday. The stock has a market cap of $429.46 million, a price-to-earnings ratio of 25.97 and a beta of 0.55. The firm has a 50-day moving average price of $9.46 and a 200-day moving average price of $9.47. 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 for the quarter, meeting the Zacks’ consensus estimate of $0.09. The company had revenue of $24.71 million for the quarter, compared to analyst estimates of $25.10 million. Bank Mutual Corporation had a net margin of 14.77% and a return on equity of 5.67%. Equities analysts expect that Bank Mutual Corporation will post $0.37 EPS for the current fiscal year.

The business 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. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.35%. Bank Mutual Corporation’s dividend payout ratio (DPR) is presently 61.11%.

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A number of analysts have issued reports on the company. BidaskClub lowered Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Bank Mutual Corporation in a research report on Sunday, July 23rd. Hovde Group lowered 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. Finally, Zacks Investment Research lowered Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research report on Monday, June 26th. Five investment analysts have rated the stock with a hold rating, The company 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.

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

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