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

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

William Penn Bancorporation Price Performance

Shares of William Penn Bancorporation stock opened at $12.26 on Friday. William Penn Bancorporation has a twelve month low of $8.77 and a twelve month high of $12.96. The stock has a market capitalization of $117.08 million, a P/E ratio of 136.22 and a beta of -0.02. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.44. The business’s fifty day moving average price is $12.23 and its 200 day moving average price is $12.25.

William Penn Bancorporation Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Monday, April 29th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Friday, April 26th. William Penn Bancorporation’s payout ratio is currently 133.33%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC boosted its holdings in William Penn Bancorporation by 4.5% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 19,550 shares of the company’s stock valued at $237,000 after acquiring an additional 850 shares during the last quarter. Geode Capital Management LLC raised its position in William Penn Bancorporation by 1.2% in the second quarter. Geode Capital Management LLC now owns 109,364 shares of the company’s stock valued at $1,110,000 after purchasing an additional 1,317 shares during the period. Vanguard Group Inc. raised its position in William Penn Bancorporation by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 501,146 shares of the company’s stock valued at $6,119,000 after purchasing an additional 1,843 shares during the period. Advisor Group Holdings Inc. raised its position in William Penn Bancorporation by 1,190.5% in the first quarter. Advisor Group Holdings Inc. now owns 2,710 shares of the company’s stock valued at $35,000 after purchasing an additional 2,500 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new position in William Penn Bancorporation in the third quarter valued at about $33,000. Institutional investors and hedge funds own 31.18% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lifted their target price on William Penn Bancorporation from $13.00 to $14.00 and gave the company an “overweight” rating in a report 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.