William Penn Bancorporation (NASDAQ:WMPN) Announces Earnings Results

William Penn Bancorporation (NASDAQ:WMPN) released its quarterly earnings results on Wednesday. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02, Yahoo Finance reports. William Penn Bancorporation had a return on equity of 0.34% and a net margin of 2.44%. The company had revenue of $8.89 million during the quarter, compared to the consensus estimate of $4.70 million.

William Penn Bancorporation Stock Up 0.2 %

WMPN opened at $12.23 on Friday. William Penn Bancorporation has a 12 month low of $8.77 and a 12 month high of $12.96. The business has a 50-day moving average of $12.22 and a two-hundred day moving average of $12.25. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $116.80 million, a price-to-earnings ratio of 135.89 and a beta of -0.02.

William Penn Bancorporation Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, April 29th will be given a dividend of $0.03 per share. The ex-dividend date is Friday, April 26th. This represents a $0.12 annualized dividend and a yield of 0.98%. William Penn Bancorporation’s dividend payout ratio (DPR) is presently 133.33%.

Analyst Ratings Changes

Separately, Piper Sandler boosted their price objective on shares of William Penn Bancorporation from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday, January 19th.

Institutional Investors Weigh In On William Penn Bancorporation

Hedge funds have recently modified their holdings of the stock. Qube Research & Technologies Ltd acquired a new position in shares of William Penn Bancorporation in the 3rd quarter valued at $33,000. JPMorgan Chase & Co. acquired a new stake in William Penn Bancorporation in the first quarter valued at approximately $34,000. Advisor Group Holdings Inc. raised its stake in shares of William Penn Bancorporation by 1,190.5% during the first quarter. Advisor Group Holdings Inc. now owns 2,710 shares of the company’s stock valued at $35,000 after purchasing an additional 2,500 shares during the period. Citigroup Inc. acquired a new position in shares of William Penn Bancorporation during the third quarter worth $36,000. Finally, Captrust Financial Advisors purchased a new position in shares of William Penn Bancorporation in the second quarter valued at $91,000. 31.18% of the stock is owned by institutional investors and hedge funds.

About William Penn Bancorporation

William Penn Bancorporation operates as the holding company for William Penn Bank that provides retail and commercial banking products and related financial services in the United States. The company offers time, savings, money market, and demand deposits; certificates of deposit; and non-interest bearing and interest-bearing checking, as well as money market, NOW, savings and club, and individual retirement accounts.