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

William Penn Bancorporation (NASDAQ:WMPN) released its quarterly earnings data 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 company had revenue of $8.89 million during the quarter, compared to analysts’ expectations 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 Trading Up 0.2 %

Shares of WMPN opened at $12.23 on Friday. William Penn Bancorporation has a 52-week low of $8.77 and a 52-week high of $12.96. The business’s fifty day moving average is $12.22 and its 200-day moving average is $12.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $116.80 million, a price-to-earnings ratio of 135.89 and a beta of -0.02.

William Penn Bancorporation Cuts Dividend

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

Hedge Funds Weigh In On William Penn Bancorporation

Several hedge funds and other institutional investors have recently modified their holdings of WMPN. rhino investment partners Inc increased its stake in shares of William Penn Bancorporation by 18.0% in the 4th quarter. rhino investment partners Inc now owns 358,238 shares of the company’s stock valued at $4,342,000 after purchasing 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 acquired a new stake in shares of William Penn Bancorporation during the 1st quarter valued at $434,000. BlackRock Inc. boosted its holdings in shares of William Penn Bancorporation by 101.6% during the 2nd quarter. BlackRock Inc. now owns 62,334 shares of the company’s stock valued at $633,000 after acquiring an additional 31,410 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in shares of William Penn Bancorporation during the 4th quarter valued at $344,000. Institutional investors own 31.18% of the company’s stock.

Analyst Ratings Changes

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