Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC – Get Free Report) was the recipient of a large growth in short interest in the month of 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. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 30,127 shares, the short-interest ratio is currently 0.3 days.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded Marathon Bancorp, Inc. /MD/ from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy”.
Check Out Our Latest Analysis on Marathon Bancorp, Inc. /MD/
Marathon Bancorp, Inc. /MD/ Stock Performance
Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC – Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $2.30 million during the quarter. Marathon Bancorp, Inc. /MD/ had a net margin of 9.01% and a return on equity of 2.36%.
Insider Transactions at Marathon Bancorp, Inc. /MD/
In other news, CAO Nora Spatz bought 1,904 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was purchased at an average price of $14.50 per share, for a total transaction of $27,608.00. Following the transaction, the chief accounting officer owned 38,918 shares in the company, valued at approximately $564,311. This trade represents a 5.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have bought 8,295 shares of company stock worth $119,658. Insiders own 11.30% of the company’s stock.
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.
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