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

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

Insiders Place Their Bets

In related news, CAO Nora Spatz acquired 1,904 shares of the stock in a transaction dated Tuesday, June 9th. The stock was acquired at an average cost 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 in the company, valued at $564,311. This represents a 5.14% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders bought 7,325 shares of company stock valued at $105,108. Insiders own 11.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

Marathon Bancorp, Inc. /MD/ Stock Up 3.0%

MBBC traded up $0.43 on Tuesday, reaching $14.98. The company had a trading volume of 13,621 shares, compared to its average volume of 11,338. The company has a market cap of $44.19 million, a PE ratio of 39.42 and a beta of -0.03. Marathon Bancorp, Inc. /MD/ has a 1 year low of $9.90 and a 1 year high of $15.75. The stock’s 50-day simple moving average is $14.14. 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 posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.18 earnings per share for the quarter. The business had revenue of $2.30 million during the quarter. Marathon Bancorp, Inc. /MD/ had a return on equity of 2.36% and a net margin of 9.01%.

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.