William Penn Bancorporation (NASDAQ:WMPN) Announces $0.03 Dividend

William Penn Bancorporation (NASDAQ:WMPN) declared a dividend on Friday, April 19th, investing.com reports. Investors of record on Monday, April 29th will be paid a dividend of 0.03 per share on Thursday, May 9th. This represents a dividend yield of 0.98%. The ex-dividend date of this dividend is Friday, April 26th.

William Penn Bancorporation has a payout ratio of 80.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

William Penn Bancorporation Stock Performance

NASDAQ:WMPN opened at $12.23 on Friday. The firm’s 50 day moving average is $12.22 and its two-hundred day moving average is $12.25. The company has a market cap of $116.80 million, a P/E ratio of 135.89 and a beta of -0.02. William Penn Bancorporation has a fifty-two week low of $8.77 and a fifty-two week high of $12.96. 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 (NASDAQ:WMPN) last posted its quarterly earnings data on Wednesday, April 17th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. William Penn Bancorporation had a net margin of 2.44% and a return on equity of 0.34%. The firm had revenue of $8.89 million for the quarter, compared to the consensus estimate of $4.70 million.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Qube Research & Technologies Ltd bought a new position in shares of William Penn Bancorporation in the 3rd quarter worth about $33,000. JPMorgan Chase & Co. bought a new position in shares of William Penn Bancorporation in the 1st quarter worth about $34,000. Advisor Group Holdings Inc. lifted its position in 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 valued at $35,000 after purchasing an additional 2,500 shares during the last quarter. Citigroup Inc. bought a new stake in William Penn Bancorporation in the 3rd quarter valued at about $36,000. Finally, Captrust Financial Advisors bought a new stake in William Penn Bancorporation in the 2nd quarter valued at about $91,000. 31.18% of the stock is currently owned by institutional investors.

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.