Legal & General Group Plc Has $671,000 Stake in Bank Mutual Corporation (BKMU)

Legal & General Group Plc increased its position in Bank Mutual Corporation (NASDAQ:BKMU) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,415 shares of the financial services provider’s stock after buying an additional 1,696 shares during the period. Legal & General Group Plc owned 0.16% of Bank Mutual Corporation worth $671,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BKMU. Louisiana State Employees Retirement System increased its stake in Bank Mutual Corporation 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. Arizona State Retirement System increased its stake in Bank Mutual Corporation by 1.4% in the first quarter. Arizona State Retirement System now owns 21,952 shares of the financial services provider’s stock worth $206,000 after buying an additional 300 shares during the period. Prudential Financial Inc. increased its stake 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. Alliancebernstein L.P. increased its stake in Bank Mutual Corporation by 1.1% in the first quarter. Alliancebernstein L.P. now owns 57,000 shares of the financial services provider’s stock worth $536,000 after buying an additional 600 shares during the period. Finally, TD Asset Management Inc. increased its stake 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. Institutional investors and hedge funds own 55.22% of the company’s stock.

Bank Mutual Corporation (NASDAQ BKMU) traded down 1.06% during trading on Friday, hitting $9.35. 205,984 shares of the stock traded hands. The company has a market cap of $429.46 million, a P/E 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 52-week low of $7.53 and a 52-week high of $10.20.

Bank Mutual Corporation (NASDAQ:BKMU) last issued its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.09 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. The firm had revenue of $24.71 million for the quarter, compared to analysts’ expectations of $25.10 million. Bank Mutual Corporation had a net margin of 14.77% and a return on equity of 5.67%. On average, equities analysts expect that Bank Mutual Corporation will post $0.37 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Friday, August 18th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 2.35%. The ex-dividend date is Wednesday, August 16th. Bank Mutual Corporation’s dividend payout ratio is 61.11%.

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Several research firms have recently weighed in on BKMU. Zacks Investment Research upgraded shares of Bank Mutual Corporation from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, April 25th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Bank Mutual Corporation in a research note on Sunday, July 23rd. BidaskClub downgraded shares of Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Hovde Group downgraded shares of Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 target price for the company. in a research note on Friday, July 21st. Five research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average price target of $9.58.

About Bank Mutual Corporation

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 Corporation (NASDAQ:BKMU)

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