William Penn Bancorporation (NASDAQ:WMPN) Issues Earnings Results

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

William Penn Bancorporation Price Performance

Shares of NASDAQ:WMPN opened at $12.26 on Friday. William Penn Bancorporation has a one year low of $8.77 and a one year high of $12.96. The stock has a fifty day moving average of $12.23 and a 200-day moving average of $12.25. The company has a market capitalization of $117.08 million, a PE ratio of 136.22 and a beta of -0.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 0.78.

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. The ex-dividend date of this dividend is Friday, April 26th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.98%. William Penn Bancorporation’s dividend payout ratio (DPR) is presently 133.33%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On William Penn Bancorporation

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