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

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

Marathon Bancorp, Inc. /MD/ Price Performance

Shares of MBBC opened at $15.49 on Monday. The stock’s fifty day moving average price is $14.42. Marathon Bancorp, Inc. /MD/ has a 12-month low of $9.95 and a 12-month high of $15.75. The company has a market capitalization of $45.70 million, a PE ratio of 40.76 and a beta of -0.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.31 and a quick ratio of 1.31.

Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC) last issued its quarterly earnings data 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 firm had revenue of $2.30 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded 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 MarketBeat.com, the stock presently has an average rating of “Buy”.

Insider Activity at Marathon Bancorp, Inc. /MD/

In related news, CAO Nora Spatz purchased 1,904 shares of Marathon Bancorp, Inc. /MD/ stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average price of $14.50 per share, with a total value of $27,608.00. Following the completion of the transaction, the chief accounting officer owned 38,918 shares of the company’s stock, valued at approximately $564,311. This trade represents a 5.14% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought a total of 8,295 shares of company stock worth $119,658 over the last quarter. Company 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.