First Trust Advisors LP reduced its position in Bank Mutual Corp. (NASDAQ:BKMU) by 37.5% during the second quarter, Holdings Channel reports. The fund owned 66,847 shares of the financial services provider’s stock after selling 40,074 shares during the period. First Trust Advisors LP owned 0.15% of Bank Mutual Corp. worth $513,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in BKMU. BNP Paribas Arbitrage SA boosted its position in shares of Bank Mutual Corp. by 111.2% in the second quarter. BNP Paribas Arbitrage SA now owns 13,008 shares of the financial services provider’s stock worth $100,000 after buying an additional 6,849 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of Bank Mutual Corp. during the second quarter worth about $107,000. Emerald Acquisition Ltd. purchased a new position in shares of Bank Mutual Corp. during the second quarter worth about $464,000. Wedge Capital Management L L P NC purchased a new position in shares of Bank Mutual Corp. during the second quarter worth about $511,000. Finally, Prudential Financial Inc. boosted its position in shares of Bank Mutual Corp. by 3.6% in the first quarter. Prudential Financial Inc. now owns 101,318 shares of the financial services provider’s stock worth $767,000 after buying an additional 3,500 shares during the last quarter. Institutional investors own 51.29% of the company’s stock.
Bank Mutual Corp. (NASDAQ:BKMU) traded up 1.1380% during trading on Wednesday, reaching $7.9899. 10,154 shares of the company’s stock traded hands. The firm has a market cap of $364.26 million, a price-to-earnings ratio of 23.4997 and a beta of 1.15. Bank Mutual Corp. has a one year low of $7.00 and a one year high of $8.49. The company has a 50 day moving average of $7.76 and a 200 day moving average of $7.77.
Bank Mutual Corp. (NASDAQ:BKMU) last released its earnings results on Wednesday, July 20th. The financial services provider reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. Bank Mutual Corp. had a return on equity of 5.48% and a net margin of 14.75%. During the same quarter in the prior year, the business earned $0.08 earnings per share. Equities research analysts predict that Bank Mutual Corp. will post $0.37 EPS for the current year.
A number of equities analysts recently issued reports on BKMU shares. Zacks Investment Research upgraded shares of Bank Mutual Corp. from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research note on Tuesday, July 26th. DA Davidson started coverage on shares of Bank Mutual Corp. in a research note on Monday, October 3rd. They issued a “neutral” rating and a $8.25 price target on the stock.
In other news, VP Christopher L. Mayne sold 50,000 shares of Bank Mutual Corp. stock in a transaction on Tuesday, August 30th. The stock was sold at an average price of $7.84, for a total transaction of $392,000.00. Following the completion of the sale, the vice president now directly owns 110,100 shares in the company, valued at $863,184. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 8.80% of the company’s stock.
Bank Mutual Corp. 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 Company operates through community banking segment. 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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