First Trust Advisors LP reduced its stake in shares of Bank Mutual Corporation (NASDAQ:BKMU) by 13.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,935 shares of the financial services provider’s stock after selling 13,733 shares during the quarter. First Trust Advisors LP owned about 0.20% of Bank Mutual worth $933,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its holdings in Bank Mutual by 1.1% in the first quarter. Alliancebernstein L.P. now owns 57,000 shares of the financial services provider’s stock valued at $536,000 after buying an additional 600 shares during the period. Teachers Advisors LLC lifted its holdings in Bank Mutual by 3.3% in the first quarter. Teachers Advisors LLC now owns 85,732 shares of the financial services provider’s stock valued at $806,000 after buying an additional 2,748 shares during the period. Geode Capital Management LLC lifted its holdings in Bank Mutual by 0.5% in the first quarter. Geode Capital Management LLC now owns 340,493 shares of the financial services provider’s stock valued at $3,200,000 after buying an additional 1,582 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Bank Mutual by 5.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,547,811 shares of the financial services provider’s stock valued at $23,950,000 after buying an additional 132,012 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Bank Mutual by 5.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 173,224 shares of the financial services provider’s stock valued at $1,629,000 after buying an additional 8,550 shares during the period. 54.72% of the stock is currently owned by institutional investors and hedge funds.
Bank Mutual Corporation (NASDAQ BKMU) opened at $10.60 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 1.40. The firm has a market cap of $494.60, a P/E ratio of 29.86, a P/E/G ratio of 5.86 and a beta of 0.55. Bank Mutual Corporation has a twelve month low of $8.60 and a twelve month high of $11.00.
The company also recently announced a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Friday, November 17th were issued a $0.055 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.22 annualized dividend and a yield of 2.08%. Bank Mutual’s dividend payout ratio (DPR) is presently 64.71%.
Several equities analysts recently weighed in on BKMU shares. BidaskClub lowered shares of Bank Mutual from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered shares of Bank Mutual from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $11.00 price objective on shares of Bank Mutual in a report on Thursday, October 19th.
In other Bank Mutual news, insider Michael W. Dosland sold 32,493 shares of the stock in a transaction on 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 directly owns 36,907 shares in the company, valued at $388,630.71. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Christopher L. Mayne sold 16,500 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $10.79, for a total transaction of $178,035.00. Following the completion of the sale, the vice president now owns 74,500 shares in the company, valued at $803,855. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,893 shares of company stock worth $709,926. Company insiders own 10.00% of the company’s stock.
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Bank Mutual 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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