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) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02, Yahoo Finance reports. The firm had revenue of $8.89 million for the quarter, compared to analyst estimates of $4.70 million. William Penn Bancorporation had a net margin of 2.44% and a return on equity of 0.34%.

William Penn Bancorporation Stock Performance

NASDAQ:WMPN opened at $12.23 on Friday. The company has a fifty day simple moving average of $12.22 and a two-hundred day simple moving average of $12.25. The company has a market cap of $116.80 million, a price-to-earnings ratio of 135.89 and a beta of -0.02. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.44. William Penn Bancorporation has a 52 week low of $8.77 and a 52 week high of $12.96.

William Penn Bancorporation Cuts Dividend

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

Hedge Funds Weigh In On William Penn Bancorporation

Several institutional investors have recently modified their holdings of WMPN. Qube Research & Technologies Ltd acquired a new position in shares of William Penn Bancorporation during the third quarter worth $33,000. JPMorgan Chase & Co. acquired a new position in shares of William Penn Bancorporation during the first quarter worth $34,000. Advisor Group Holdings Inc. grew 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 worth $35,000 after purchasing an additional 2,500 shares in the last quarter. Citigroup Inc. acquired a new position in shares of William Penn Bancorporation during the third quarter worth $36,000. Finally, Captrust Financial Advisors acquired a new position in shares of William Penn Bancorporation during the second quarter worth $91,000. Institutional investors and hedge funds own 31.18% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.