Insider Buying: Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC) CEO Acquires $14,550.00 in Stock

Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC) CEO Nicholas Zillges acquired 970 shares of Marathon Bancorp, Inc. /MD/ stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average cost of $15.00 per share, with a total value of $14,550.00. Following the completion of the acquisition, the chief executive officer owned 57,205 shares of the company’s stock, valued at $858,075. The trade was a 1.72% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Marathon Bancorp, Inc. /MD/ Price Performance

Shares of MBBC stock opened at $15.31 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average price of $14.26. Marathon Bancorp, Inc. /MD/ has a fifty-two week low of $9.95 and a fifty-two week high of $15.75. The stock has a market capitalization of $45.16 million, a PE ratio of 40.29 and a beta of -0.03.

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

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Marathon Bancorp, Inc. /MD/ from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, June 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently 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.