Schwab Charles Investment Management Inc. boosted its position in Bank Mutual Co. (NASDAQ:BKMU) by 5.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 173,224 shares of the financial services provider’s stock after buying an additional 8,550 shares during the period. Schwab Charles Investment Management Inc. owned about 0.38% of Bank Mutual worth $1,629,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Teachers Advisors LLC raised its position in shares of Bank Mutual by 5.9% in the fourth quarter. Teachers Advisors LLC now owns 82,984 shares of the financial services provider’s stock worth $784,000 after buying an additional 4,587 shares during the period. Louisiana State Employees Retirement System raised its position in shares of Bank Mutual by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 17,100 shares of the financial services provider’s stock worth $161,000 after buying an additional 200 shares during the period. Bank of New York Mellon Corp raised its position in shares of Bank Mutual 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. Comerica Bank raised its position in shares of Bank Mutual by 3.8% in the first quarter. Comerica Bank now owns 46,327 shares of the financial services provider’s stock worth $426,000 after buying an additional 1,689 shares during the period. Finally, TD Asset Management Inc. raised its position in shares of Bank Mutual 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. Institutional investors and hedge funds own 55.14% of the company’s stock.

Shares of Bank Mutual Co. (NASDAQ BKMU) traded up 0.54% on Friday, reaching $9.25. 52,388 shares of the company’s stock traded hands. The company has a 50 day moving average price of $9.46 and a 200 day moving average price of $9.44. Bank Mutual Co. has a 52 week low of $7.53 and a 52 week high of $10.20. The firm has a market capitalization of $424.87 million, a price-to-earnings ratio of 25.69 and a beta of 0.55.

Bank Mutual (NASDAQ:BKMU) last released its earnings results on Thursday, July 20th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. Bank Mutual had a net margin of 16.96% and a return on equity of 5.81%. The company had revenue of $24.71 million for the quarter, compared to the consensus estimate of $25.10 million. On average, equities research analysts predict that Bank Mutual Co. will post $0.37 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Friday, August 18th will be given a dividend of $0.055 per share. The ex-dividend date is Wednesday, August 16th. This represents a $0.22 dividend on an annualized basis and a yield of 2.38%. Bank Mutual’s payout ratio is presently 61.11%.

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BKMU has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Bank Mutual from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Hovde Group lowered shares of Bank Mutual 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. Keefe, Bruyette & Woods restated a “hold” rating on shares of Bank Mutual in a research report on Sunday, July 23rd. Finally, BidaskClub lowered shares of Bank Mutual from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Five research analysts have rated the stock with a hold rating, Bank Mutual has a consensus rating of “Hold” and an average price target of $9.58.

About Bank Mutual

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 (NASDAQ:BKMU)

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