Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC) SVP Acquires $10,048.50 in Stock

Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC) SVP Terry Cornish purchased 693 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were purchased at an average cost of $14.50 per share, with a total value of $10,048.50. Following the acquisition, the senior vice president owned 26,986 shares in the company, valued at $391,297. This trade represents a 2.64% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Terry Cornish also recently made the following trade(s):

• On Wednesday, June 10th, Terry Cornish acquired 219 shares of Marathon Bancorp, Inc. /MD/ stock. The shares were bought at an average price of $14.75 per share, with a total value of $3,230.25.
• On Monday, June 8th, Terry Cornish acquired 71 shares of Marathon Bancorp, Inc. /MD/ stock. The shares were bought at an average price of $14.24 per share, with a total value of $1,011.04.
• On Friday, June 5th, Terry Cornish acquired 116 shares of Marathon Bancorp, Inc. /MD/ stock. The shares were bought at an average price of $14.25 per share, with a total value of $1,653.00.
• On Thursday, June 4th, Terry Cornish purchased 27 shares of Marathon Bancorp, Inc. /MD/ stock. The stock was acquired at an average price of $13.77 per share, with a total value of $371.79.
• On Wednesday, June 3rd, Terry Cornish purchased 263 shares of Marathon Bancorp, Inc. /MD/ stock. The stock was acquired at an average price of $13.75 per share, with a total value of $3,616.25.

Marathon Bancorp, Inc. /MD/ Price Performance

Shares of MBBC traded up $0.15 during trading hours on Thursday, hitting $14.30. 37,978 shares of the stock were exchanged, compared to its average volume of 11,451. Marathon Bancorp, Inc. /MD/ has a fifty-two week low of $9.90 and a fifty-two week high of $15.75. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. The business’s 50-day simple moving average is $14.11. The company has a market capitalization of $42.19 million, a price-to-earnings ratio of 37.63 and a beta of -0.03.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of Marathon Bancorp, Inc. /MD/ in a research report on Tuesday, March 17th. They set a “hold (c)” rating on the stock. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Marathon Bancorp, Inc. /MD/ presently has a consensus rating of “Hold”.

Key Headlines Impacting Marathon Bancorp, Inc. /MD/

Here are the key news stories impacting Marathon Bancorp, Inc. /MD/ this week:

• Positive Sentiment: CEO Nicholas W. Zillges, COO Michelle Knopf, CAO Nora Spatz, and SVP Terry Cornish all made repeated open-market purchases of MBBC shares, signaling insider confidence in Marathon Bancorp’s prospects.
• Positive Sentiment: The insider buys were made at prices close to the current trading range, suggesting executives see value in the stock near recent levels.
• Neutral Sentiment: Marathon Bancorp remains a thinly traded, small-cap bank, so the stock can move sharply on limited news or volume.

About Marathon Bancorp, Inc. /MD/

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.