Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC) Sees Large Growth in Short Interest

Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 9,127 shares, a growth of 167.3% from the May 31st total of 3,415 shares. Based on an average daily volume of 30,127 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are sold short.

Insider Buying and Selling at Marathon Bancorp, Inc. /MD/

In related news, CAO Nora Spatz acquired 1,904 shares of the stock in a transaction on Tuesday, June 9th. The shares were purchased at an average price of $14.50 per share, for a total transaction of $27,608.00. Following the purchase, the chief accounting officer directly owned 38,918 shares in the company, valued at approximately $564,311. The trade was a 5.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have purchased 8,295 shares of company stock valued at $119,658 in the last three months. 11.30% of the stock is currently owned by insiders.

Marathon Bancorp, Inc. /MD/ Stock Down 1.0%

Shares of MBBC stock traded down $0.15 during trading hours on Tuesday, reaching $15.25. The company’s stock had a trading volume of 830 shares, compared to its average volume of 11,413. The company’s 50 day moving average is $14.45. The firm has a market capitalization of $45.00 million, a P/E ratio of 40.13 and a beta of -0.03. Marathon Bancorp, Inc. /MD/ has a fifty-two week low of $9.96 and a fifty-two week high of $15.79. 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/ (NASDAQ:MBBC) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.18 EPS for the quarter. Marathon Bancorp, Inc. /MD/ had a return on equity of 2.36% and a net margin of 9.01%.The company had revenue of $2.30 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Marathon Bancorp, Inc. /MD/ from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy”.

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.