TIAA CREF Investment Management LLC lowered its position in Bank Mutual Corporation (NASDAQ:BKMU) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 222,825 shares of the financial services provider’s stock after selling 5,600 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.49% of Bank Mutual Corporation worth $2,095,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its position in Bank Mutual Corporation by 4.9% in the fourth quarter. State Street Corp now owns 1,008,728 shares of the financial services provider’s stock worth $9,529,000 after buying an additional 47,319 shares during the period. Prudential Financial Inc. increased 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 worth $678,000 after buying an additional 600 shares during the period. Russell Investments Group Ltd. purchased a new position in Bank Mutual Corporation during the fourth quarter worth $426,000. State of Tennessee Treasury Department increased its position in Bank Mutual Corporation by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 40,769 shares of the financial services provider’s stock worth $383,000 after buying an additional 6,153 shares during the period. Finally, TD Asset Management Inc. increased its position in Bank Mutual Corporation by 9.9% in the first quarter. TD Asset Management Inc. now owns 11,100 shares of the financial services provider’s stock worth $104,000 after buying an additional 1,000 shares during the period. Hedge funds and other institutional investors own 55.14% of the company’s stock.
Bank Mutual Corporation (BKMU) traded down 0.55% during trading on Friday, reaching $9.10. The company had a trading volume of 30,969 shares. The stock has a 50 day moving average of $9.49 and a 200-day moving average of $9.46. The stock has a market capitalization of $417.98 million, a P/E ratio of 25.28 and a beta of 0.55. 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 released its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. Bank Mutual Corporation had a net margin of 14.77% and a return on equity of 5.67%. The business had revenue of $24.71 million for the quarter, compared to analyst estimates of $25.10 million. On average, analysts forecast that Bank Mutual Corporation will post $0.37 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.055 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.22 annualized dividend and a dividend yield of 2.40%. Bank Mutual Corporation’s payout ratio is currently 61.11%.
A number of research analysts have weighed in on BKMU shares. Zacks Investment Research upgraded Bank Mutual Corporation from a “hold” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Friday, June 2nd. Hovde Group downgraded 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. Keefe, Bruyette & Woods restated a “hold” rating on shares of Bank Mutual Corporation in a research note on Sunday, July 23rd. Finally, BidaskClub downgraded Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Five 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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