Brandywine Global Investment Management LLC Sells 543 Shares of Bank Mutual Corporation (BKMU)

Brandywine Global Investment Management LLC lowered its position in shares of Bank Mutual Corporation (NASDAQ:BKMU) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,807 shares of the financial services provider’s stock after selling 543 shares during the period. Brandywine Global Investment Management LLC owned 0.05% of Bank Mutual Corporation worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. TD Asset Management Inc. increased its stake in shares of Bank Mutual Corporation by 9.9% during the first quarter. TD Asset Management Inc. now owns 11,100 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 1,000 shares during the period. Crescent Grove Advisors LLC bought a new position in shares of Bank Mutual Corporation during the second quarter worth approximately $113,000. BNP Paribas Arbitrage SA increased its stake in shares of Bank Mutual Corporation by 56.0% during the second quarter. BNP Paribas Arbitrage SA now owns 12,431 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 4,464 shares during the period. Citadel Advisors LLC increased its stake in shares of Bank Mutual Corporation by 9.8% during the first quarter. Citadel Advisors LLC now owns 15,869 shares of the financial services provider’s stock worth $149,000 after purchasing an additional 1,417 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in shares of Bank Mutual Corporation by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the financial services provider’s stock worth $157,000 after purchasing an additional 100 shares during the period. Institutional investors own 56.08% of the company’s stock.

Bank Mutual Corporation (BKMU) opened at 10.30 on Thursday. The company has a market cap of $473.10 million, a price-to-earnings ratio of 28.61 and a beta of 0.57. The stock’s 50 day moving average price is $9.62 and its 200-day moving average price is $9.42. Bank Mutual Corporation has a 52 week low of $7.55 and a 52 week high of $10.40.

Bank Mutual Corporation (NASDAQ:BKMU) last posted its quarterly earnings results on Thursday, July 20th. The financial services provider reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The company 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 research analysts forecast that Bank Mutual Corporation will post $0.37 earnings per share for the current fiscal year.

BKMU has been the topic of a number of recent research reports. Hovde Group lowered Bank Mutual Corporation from an “outperform” rating to a “market perform” rating and set a $10.50 target price 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. Zacks Investment Research lowered Bank Mutual Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Finally, BidaskClub lowered Bank Mutual Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th.

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Bank Mutual Corporation 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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Institutional Ownership by Quarter for Bank Mutual Corporation (NASDAQ:BKMU)

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