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

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

William Penn Bancorporation Stock Performance

Shares of NASDAQ:WMPN opened at $12.23 on Friday. William Penn Bancorporation has a 52 week low of $8.77 and a 52 week high of $12.96. The stock has a market capitalization of $116.80 million, a P/E ratio of 135.89 and a beta of -0.02. The firm has a fifty day simple moving average of $12.22 and a two-hundred day simple moving average of $12.25. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.44.

William Penn Bancorporation Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, May 9th. Shareholders of record on Monday, April 29th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Friday, April 26th. This represents a dividend yield of 0.98%. William Penn Bancorporation’s payout ratio is currently 133.33%.

Hedge Funds Weigh In On William Penn Bancorporation

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of William Penn Bancorporation by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 501,146 shares of the company’s stock worth $6,119,000 after buying an additional 1,843 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of William Penn Bancorporation in the 4th quarter worth $196,000. Royal Bank of Canada grew its stake in shares of William Penn Bancorporation by 305.0% in the 4th quarter. Royal Bank of Canada now owns 8,100 shares of the company’s stock worth $98,000 after buying an additional 6,100 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of William Penn Bancorporation in the 3rd quarter worth $33,000. Finally, Citigroup Inc. purchased a new position in shares of William Penn Bancorporation in the 3rd quarter worth $36,000. 31.18% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler raised 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.