Nicholas Zillges Buys 970 Shares of Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC) Stock

Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC) CEO Nicholas Zillges bought 970 shares of Marathon Bancorp, Inc. /MD/ stock in a transaction on Tuesday, June 16th. The shares were purchased at an average price of $15.00 per share, for a total transaction of $14,550.00. Following the acquisition, the chief executive officer directly owned 57,205 shares in the company, valued at approximately $858,075. This trade represents a 1.72% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Marathon Bancorp, Inc. /MD/ Trading Down 2.8%

Shares of MBBC stock traded down $0.42 during midday trading on Wednesday, reaching $14.56. 1,927 shares of the stock were exchanged, compared to its average volume of 11,237. Marathon Bancorp, Inc. /MD/ has a 1 year low of $9.90 and a 1 year high of $15.75. The company has a 50 day simple moving average of $14.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $42.95 million, a price-to-earnings ratio of 38.32 and a beta of -0.03.

Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $2.30 million for the quarter. Marathon Bancorp, Inc. /MD/ had a return on equity of 2.36% and a net margin of 9.01%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Marathon Bancorp, Inc. /MD/ from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Marathon Bancorp, Inc. /MD/ Company Profile

Marathon Bancorp, Inc (NASDAQ: MBBC) is a bank holding company that operates through its banking subsidiary to provide a range of commercial and retail banking services. Its core business centers on deposit-taking and lending activities for individual and business customers, with an emphasis on relationship-driven community banking. The company’s banking operations typically include checking and savings accounts, certificates of deposit, and other consumer deposit products.

On the lending side, Marathon Bancorp’s subsidiary offers commercial loans, real estate and mortgage lending, and consumer loans, along with cash management and payment services for small and mid-sized businesses.