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

William Penn Bancorporation (NASDAQ:WMPN) issued 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. William Penn Bancorporation had a net margin of 2.44% and a return on equity of 0.34%. The firm had revenue of $8.89 million during the quarter, compared to the consensus estimate of $4.70 million.

William Penn Bancorporation Stock Up 0.2 %

Shares of WMPN stock opened at $12.26 on Friday. The stock has a market cap of $117.08 million, a P/E ratio of 136.22 and a beta of -0.02. William Penn Bancorporation has a 52 week low of $8.77 and a 52 week high of $12.96. 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 company’s fifty day simple moving average is $12.23 and its two-hundred day simple moving average is $12.25.

William Penn Bancorporation Cuts Dividend

The business 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. This represents a $0.12 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, April 26th. William Penn Bancorporation’s payout ratio is currently 133.33%.

Institutional Trading of William Penn Bancorporation

Several hedge funds have recently bought and sold shares of WMPN. Advisor Group Holdings Inc. lifted its stake in William Penn Bancorporation by 1,190.5% in the 1st 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. Vanguard Group Inc. lifted its stake in William Penn Bancorporation by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 562,224 shares of the company’s stock worth $7,168,000 after purchasing an additional 8,379 shares in the last quarter. State Street Corp lifted its stake in William Penn Bancorporation by 14.1% in the 1st quarter. State Street Corp now owns 29,285 shares of the company’s stock worth $373,000 after purchasing an additional 3,624 shares in the last quarter. Captrust Financial Advisors purchased a new stake in William Penn Bancorporation in the 2nd quarter worth $91,000. Finally, Dimensional Fund Advisors LP raised its position in shares of William Penn Bancorporation by 22.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 28,177 shares of the company’s stock valued at $320,000 after buying an additional 5,153 shares in the last quarter. Hedge funds and other institutional investors own 31.18% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their target price on shares of William Penn Bancorporation from $13.00 to $14.00 and gave the company 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.