Principal Financial Group Inc. raised its position in Bank Mutual Corporation (NASDAQ:BKMU) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 321,415 shares of the financial services provider’s stock after acquiring an additional 1,904 shares during the quarter. Principal Financial Group Inc. owned approximately 0.70% of Bank Mutual Corporation worth $2,941,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of BKMU. Thrivent Financial For Lutherans lifted its stake in Bank Mutual Corporation by 673.2% in the first quarter. Thrivent Financial For Lutherans now owns 175,510 shares of the financial services provider’s stock worth $1,649,000 after acquiring an additional 152,810 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Bank Mutual Corporation by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,547,811 shares of the financial services provider’s stock worth $23,950,000 after buying an additional 132,012 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in shares of Bank Mutual Corporation during the 1st quarter worth approximately $1,105,000. Wellington Management Group LLP purchased a new stake in shares of Bank Mutual Corporation during the 1st quarter worth approximately $768,000. Finally, Bank of America Corp DE lifted its position in shares of Bank Mutual Corporation by 24.5% during the 1st quarter. Bank of America Corp DE now owns 152,580 shares of the financial services provider’s stock worth $1,434,000 after buying an additional 29,982 shares during the last quarter. Institutional investors own 56.08% of the company’s stock.

Shares of Bank Mutual Corporation (NASDAQ:BKMU) opened at 10.25 on Friday. Bank Mutual Corporation has a 12 month low of $7.55 and a 12 month high of $10.40. The stock’s 50 day moving average is $9.52 and its 200 day moving average is $9.40. The stock has a market cap of $470.80 million, a P/E ratio of 28.47 and a beta of 0.57.

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

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods restated a “hold” rating on shares of Bank Mutual Corporation in a research report on Sunday, July 23rd. Zacks Investment Research downgraded shares of Bank Mutual Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. BidaskClub downgraded shares of Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research report 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 price objective for the company. in a research report on Friday, July 21st.

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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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