Alliancebernstein L.P. boosted its stake in Bank Mutual Corporation (NASDAQ:BKMU) by 25.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,600 shares of the financial services provider’s stock after purchasing an additional 14,600 shares during the quarter. Alliancebernstein L.P. owned about 0.16% of Bank Mutual Corporation worth $655,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BKMU. Bank of New York Mellon Corp lifted its stake in Bank Mutual Corporation by 3.2% in the 1st quarter. Bank of New York Mellon Corp now owns 691,393 shares of the financial services provider’s stock worth $6,499,000 after purchasing an additional 21,144 shares in the last quarter. Parametric Portfolio Associates LLC lifted its stake in Bank Mutual Corporation by 16.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 114,361 shares of the financial services provider’s stock worth $1,075,000 after purchasing an additional 16,162 shares in the last quarter. Prudential Financial Inc. lifted its stake in Bank Mutual Corporation by 0.8% in the 1st quarter. Prudential Financial Inc. now owns 72,088 shares of the financial services provider’s stock worth $678,000 after purchasing an additional 600 shares in the last quarter. Arizona State Retirement System lifted its stake in Bank Mutual Corporation by 1.4% in the 1st quarter. Arizona State Retirement System now owns 21,952 shares of the financial services provider’s stock worth $206,000 after purchasing an additional 300 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Bank Mutual Corporation by 2.9% in the 1st quarter. Principal Financial Group Inc. now owns 319,511 shares of the financial services provider’s stock worth $3,003,000 after purchasing an additional 9,030 shares in the last quarter. Institutional investors and hedge funds own 56.69% of the company’s stock.

Bank Mutual Corporation (NASDAQ:BKMU) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). Bank Mutual Corporation had a net margin of 14.19% and a return on equity of 5.72%. The company had revenue of $24.94 million during the quarter, compared to analyst estimates of $24.50 million. During the same quarter last year, the business earned $0.10 EPS.

BKMU has been the topic of several research analyst reports. Hovde Group cut shares of 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 reiterated a “hold” rating on shares of Bank Mutual Corporation in a research note on Sunday, July 23rd. BidaskClub cut shares of Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research cut shares of Bank Mutual Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th.

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In other news, insider Michael W. Dosland sold 32,493 shares of Bank Mutual Corporation stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $10.53, for a total value of $342,151.29. Following the sale, the insider now owns 36,907 shares in the company, valued at $388,630.71. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.00% of the stock is owned by company insiders.

Bank Mutual Corporation 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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