Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC) CEO Nicholas Zillges Purchases 970 Shares of Stock

Marathon Bancorp, Inc. /MD/ (NASDAQ:MBBC) CEO Nicholas Zillges purchased 970 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was acquired at an average cost of $15.00 per share, for a total transaction of $14,550.00. Following the completion of the acquisition, the chief executive officer owned 57,205 shares in the company, valued at $858,075. This represents a 1.72% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Marathon Bancorp, Inc. /MD/ Price Performance

NASDAQ:MBBC opened at $14.73 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.50. Marathon Bancorp, Inc. /MD/ has a 1 year low of $9.90 and a 1 year high of $15.75. The business has a 50 day moving average price of $14.19. The company has a market cap of $43.45 million, a P/E ratio of 38.75 and a beta of -0.03.

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

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 note on Thursday, June 11th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Marathon Bancorp, Inc. /MD/ 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.