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

Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC) SVP Terry Cornish acquired 693 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was bought at an average price of $14.50 per share, with a total value of $10,048.50. Following the completion of the acquisition, the senior vice president directly owned 26,986 shares in the company, valued at approximately $391,297. This represents a 2.64% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 stock was 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 stock was 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 stock was bought at an average price of $14.25 per share, with a total value of $1,653.00.
• On Thursday, June 4th, Terry Cornish acquired 27 shares of Marathon Bancorp, Inc. /MD/ stock. The stock was bought at an average price of $13.77 per share, with a total value of $371.79.
• On Wednesday, June 3rd, Terry Cornish bought 263 shares of Marathon Bancorp, Inc. /MD/ stock. The stock was acquired at an average cost of $13.75 per share, for a total transaction of $3,616.25.

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

Shares of NASDAQ:MBBC traded up $0.15 during midday trading on Thursday, reaching $14.30. The company’s stock had a trading volume of 37,978 shares, compared to its average volume of 11,451. The business has a 50 day moving average of $14.11. The stock has a market capitalization of $42.19 million, a price-to-earnings ratio of 37.63 and a beta of -0.03. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.50. Marathon Bancorp, Inc. /MD/ has a 12-month low of $9.90 and a 12-month high of $15.75.

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

More Marathon Bancorp, Inc. /MD/ News

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.

Analyst Ratings Changes

Separately, Weiss Ratings initiated coverage on shares of Marathon Bancorp, Inc. /MD/ in a 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 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.