Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC) SVP Terry Cornish Purchases 693 Shares of Stock

Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC) SVP Terry Cornish purchased 693 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were acquired at an average cost of $14.50 per share, for a total transaction of $10,048.50. Following the completion of the acquisition, the senior vice president owned 26,986 shares of the company’s stock, valued at approximately $391,297. This trade represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

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

Marathon Bancorp, Inc. /MD/ Trading Up 1.1%

Shares of MBBC opened at $14.30 on Friday. The company’s 50 day simple moving average is $14.11. The company has a market cap of $42.20 million, a P/E ratio of 37.63 and a beta of -0.03. Marathon Bancorp, Inc. /MD/ has a 12-month low of $9.90 and a 12-month high of $15.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 1.31.

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. The company had revenue of $2.30 million for the quarter. Marathon Bancorp, Inc. /MD/ had a return on equity of 2.36% and a net margin of 9.01%.

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 bought additional shares across several trades over June 3-10, increasing their ownership positions and reinforcing a bullish insider signal for Marathon Bancorp. Insider buying filing Insider buying filing Insider buying filing Insider buying filing
• Positive Sentiment: The repeated purchases were made near the mid-$14 range, including multiple buys at $14.24, $14.25, $14.50, and $14.75 per share, suggesting insiders viewed the stock as attractively priced around current levels.

Wall Street Analyst Weigh In

Separately, Weiss Ratings started coverage on shares of Marathon Bancorp, Inc. /MD/ in a report on Tuesday, March 17th. They issued a “hold (c)” rating on the stock. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

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.