William Penn Bancorporation (NASDAQ:WMPN) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

William Penn Bancorporation (NASDAQ:WMPN) announced its quarterly earnings data on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02, Yahoo Finance reports. William Penn Bancorporation had a net margin of 2.65% and a return on equity of 0.61%. The company had revenue of $8.89 million during the quarter, compared to analysts’ expectations of $4.70 million.

William Penn Bancorporation Trading Up 0.2 %

Shares of WMPN traded up $0.02 during midday trading on Thursday, reaching $12.23. The company had a trading volume of 440 shares, compared to its average volume of 17,437. The firm has a 50 day simple moving average of $12.21 and a 200-day simple moving average of $12.25. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.44. The stock has a market cap of $116.80 million, a PE ratio of 152.64 and a beta of -0.02. William Penn Bancorporation has a 1-year low of $8.77 and a 1-year high of $12.96.

Analyst Ratings Changes

Separately, Piper Sandler upped their price target 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.

Institutional Investors Weigh In On William Penn Bancorporation

Hedge funds have recently modified their holdings of the company. rhino investment partners Inc grew its holdings in William Penn Bancorporation by 18.0% during the 4th quarter. rhino investment partners Inc now owns 358,238 shares of the company’s stock worth $4,342,000 after acquiring an additional 54,767 shares in the last quarter. Prospector Partners LLC purchased a new stake in shares of William Penn Bancorporation during the 4th quarter worth $514,000. Jane Street Group LLC acquired a new position in shares of William Penn Bancorporation during the first quarter worth $434,000. BlackRock Inc. increased its holdings in 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 buying an additional 31,410 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in William Penn Bancorporation in the fourth quarter valued at $344,000. Hedge funds and other 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.