Short Interest in Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC) Decreases By 43.6%

Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 3,415 shares, a decrease of 43.6% from the May 14th total of 6,056 shares. Based on an average daily volume of 12,796 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Marathon Bancorp, Inc. /MD/ from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Marathon Bancorp, Inc. /MD/ currently has an average rating of “Hold”.

Marathon Bancorp, Inc. /MD/ Price Performance

NASDAQ MBBC traded up $0.26 during midday trading on Monday, hitting $14.55. 2,209 shares of the company traded hands, compared to its average volume of 22,450. 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 stock has a market capitalization of $42.92 million, a P/E ratio of 37.60 and a beta of -0.03. The firm has a 50-day simple moving average of $14.14. Marathon Bancorp, Inc. /MD/ has a 52 week low of $9.90 and a 52 week high of $15.75.

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

Insider Transactions at Marathon Bancorp, Inc. /MD/

In other news, CAO Nora Spatz acquired 1,904 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were bought at an average price of $14.50 per share, with a total value of $27,608.00. Following the completion of the purchase, the chief accounting officer directly owned 38,918 shares in the company, valued at $564,311. This trade represents a 5.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased a total of 7,325 shares of company stock valued at $105,108 over the last quarter. 11.30% of the stock is owned by corporate insiders.

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.