William Penn Bancorporation (NASDAQ:WMPN) Issues Earnings Results

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

William Penn Bancorporation Trading Up 0.2 %

William Penn Bancorporation stock opened at $12.23 on Friday. The stock has a market cap of $116.80 million, a P/E ratio of 135.89 and a beta of -0.02. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.78 and a quick ratio of 0.78. William Penn Bancorporation has a 1 year low of $8.77 and a 1 year high of $12.96. The firm’s 50 day moving average price is $12.22 and its 200-day moving average price is $12.25.

William Penn Bancorporation Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On William Penn Bancorporation

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of William Penn Bancorporation by 1.5% during the first quarter. Vanguard Group Inc. now owns 562,224 shares of the company’s stock valued at $7,168,000 after buying an additional 8,379 shares during the last quarter. rhino investment partners Inc raised its position in shares of William Penn Bancorporation by 18.0% during the fourth quarter. rhino investment partners Inc now owns 358,238 shares of the company’s stock valued at $4,342,000 after buying an additional 54,767 shares during the last quarter. Geode Capital Management LLC raised its position in shares of William Penn Bancorporation by 1.2% during the second quarter. Geode Capital Management LLC now owns 109,364 shares of the company’s stock valued at $1,110,000 after buying an additional 1,317 shares during the last quarter. BlackRock Inc. grew its holdings in shares of William Penn Bancorporation by 101.6% in the second quarter. BlackRock Inc. now owns 62,334 shares of the company’s stock valued at $633,000 after purchasing an additional 31,410 shares in the last quarter. Finally, Prospector Partners LLC purchased a new position in shares of William Penn Bancorporation in the fourth quarter valued at $514,000. Institutional investors own 31.18% of the company’s stock.

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.