Research Analysts Offer Predictions for William Penn Bancorp’s Q3 2022 Earnings (NASDAQ:WMPN)

William Penn Bancorp (NASDAQ:WMPN) – Research analysts at Piper Sandler lowered their Q3 2022 earnings estimates for William Penn Bancorp in a research report issued to clients and investors on Thursday, October 21st. Piper Sandler analyst J. Crowley now anticipates that the company will post earnings per share of $0.05 for the quarter, down from their prior forecast of $0.06. Piper Sandler has a “Overweight” rating and a $14.50 price objective on the stock. Piper Sandler also issued estimates for William Penn Bancorp’s Q4 2022 earnings at $0.06 EPS, Q2 2023 earnings at $0.08 EPS and Q1 2024 earnings at $0.09 EPS.

WMPN opened at $12.28 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.21. William Penn Bancorp has a twelve month low of $11.15 and a twelve month high of $39.00. The company’s 50-day moving average price is $12.26 and its two-hundred day moving average price is $11.84.

In related news, EVP Jeannine Cimino bought 3,000 shares of the company’s stock in a transaction on Thursday, September 9th. The shares were purchased at an average cost of $12.43 per share, for a total transaction of $37,290.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders acquired 7,595 shares of company stock worth $93,105.

Hedge funds have recently added to or reduced their stakes in the stock. Benin Management CORP lifted its position in William Penn Bancorp by 4.3% during the 3rd quarter. Benin Management CORP now owns 24,249 shares of the company’s stock valued at $296,000 after acquiring an additional 1,000 shares during the period. BLB&B Advisors LLC bought a new stake in William Penn Bancorp during the 3rd quarter valued at about $14,869,000. Morgan Stanley increased its stake in William Penn Bancorp by 50.5% during the 2nd quarter. Morgan Stanley now owns 48,576 shares of the company’s stock valued at $578,000 after purchasing an additional 16,310 shares in the last quarter. Moab Capital Partners LLC bought a new stake in William Penn Bancorp during the 2nd quarter valued at about $372,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in William Penn Bancorp during the 2nd quarter valued at about $160,000. 64.10% of the stock is currently owned by institutional investors.

William Penn Bancorp Company Profile

William Penn Bancorp, Inc is a bank holding company. It engages in the provision of commercial and retail financial services through its subsidiary, William Penn Bank. It also offers community, traditional, and related banking services to individual, businesses, and government customers. Its products and services include taking of time, savings, demand deposits, making of commercial, consumer, mortgage loans, and others.

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