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

William Penn Bancorporation (NASDAQ:WMPN) announced its earnings results on Wednesday. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $8.89 million for the quarter, compared to the consensus estimate of $4.70 million.

William Penn Bancorporation Trading Up 0.2 %

NASDAQ:WMPN opened at $12.26 on Friday. 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 stock has a market capitalization of $117.08 million, a PE ratio of 136.22 and a beta of -0.02. The firm’s 50 day moving average is $12.23 and its 200 day moving average is $12.25. William Penn Bancorporation has a 12 month low of $8.77 and a 12 month high of $12.96.

William Penn Bancorporation Cuts Dividend

The business also recently declared 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. The ex-dividend date is Friday, April 26th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.98%. William Penn Bancorporation’s dividend payout ratio (DPR) is presently 133.33%.

Institutional Investors Weigh In On William Penn Bancorporation

A number of hedge funds have recently modified their holdings of WMPN. Advisor Group Holdings Inc. raised its holdings in shares of 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 during the period. Vanguard Group Inc. raised its holdings in William Penn Bancorporation by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 562,224 shares of the company’s stock valued at $7,168,000 after acquiring an additional 8,379 shares during the period. State Street Corp raised its holdings in William Penn Bancorporation by 14.1% during the 1st quarter. State Street Corp now owns 29,285 shares of the company’s stock valued at $373,000 after acquiring an additional 3,624 shares during the period. Captrust Financial Advisors bought a new stake in William Penn Bancorporation during the 2nd quarter valued at $91,000. Finally, Dimensional Fund Advisors LP raised its holdings in 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 acquiring an additional 5,153 shares during the period. Institutional investors own 31.18% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their target price on William Penn Bancorporation from $13.00 to $14.00 and gave the stock an “overweight” rating in a research note on Friday, January 19th.

William Penn Bancorporation Company Profile

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.