On May 29, 2023, it was reported that Russell Investments Group Ltd. had acquired a new stake in William Penn Bancorporation (NASDAQ:WMPN) during the fourth quarter of the previous year. The disclosure made with the Securities and Exchange Commission (SEC) showed that the fund had obtained 42,464 shares of William Penn Bancorporation’s stock for approximately $515,000. This translates to roughly 0.30% ownership of the company by Russell Investments Group Ltd. at the end of the reporting period.
William Penn Bancorporation is a banking institution that caters to both individuals and businesses, providing a suite of banking and financial services like remote deposit, ACH, positive pay, among others. The bank’s market capitalization as reported on May 29 stands at $126.82 million while its stock opened on Monday at $9.90.
The company’s performance over the past few months has seen its fifty-day moving average price settle at $10.34 while it’s two-hundred day moving average is recorded at $11.26. The bank’s beta value shows an inversion with a reading of -0.05 alongside a relatively high price-to-earnings ratio of 39.60.
In terms of liquidity and solvency ratios, William Penn Bancorporation holds a debt-to-equity ratio of 0.24 with quick and current ratios representing healthy levels standing at 0.80 each.
Over the past year, William Penn Bancorporation has experienced a high-low range between $8.77 and $12.52 per share indicating minimal fluctuation in value within this time frame.
To conclude, Russell Investments Group Ltd.’s foray into acquiring shares from William Penn Bancorporation shows strategic positioning towards tapping into potential opportunities presented by this banking entity in line with emerging trends within the banking sector itself as well as shifts in local economic indicators. As such, William Penn Bancorporation’s future performance should be monitored closely as it enters an exciting phase in its growth trajectory.
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Recent Transactions and Growth of William Penn Bancorporation
William Penn Bancorporation has recently seen an increase in the number of hedge funds buying and selling its shares. Institutional investors, such as Epacria Capital Partners LLC, Price Jennifer C., Raymond James & Associates, Vanguard Group Inc., and State Street Corp have all recently traded shares valued at hundreds of thousands to millions of dollars.
Epacria Capital Partners LLC invested $232,000 in William Penn Bancorporation during the fourth quarter while Price Jennifer C. increased her stake by 3.5% in the third quarter after purchasing additional 16,432 shares worth $5,458,000. Raymond James & Associates raised its stake during the third quarter by 3.8%, acquiring another 1,000 shares worth $309,000. Meanwhile, Vanguard Group Inc. acquired an additional 8,379 shares in the first quarter worth $7,168,000. State Street Corp also purchased an extra 6,210 shares during the second quarter totaling $415,000.
These recent transactions amount to a total of 21.32% of William Penn Bancorporation’s stock owned by institutional investors.
In March 2023 Kenneth John Stephon made a purchase transaction for William Penn Bancorporation when he acquired 5,000 shares for an average price of $10.68 per share or a total of $53,4000. Following this purchase Stephon now holds 33,875 shares worth about $361,785 which was disclosed later in a filing with SEC that is available online.
Lastly on May 11th William Penn Bancorp raised their quarterly dividend issue to shareholders who were recorded on May 1st for thirty three cents per share totalling twelve cents annually and a yield of about one point twenty one percent . Considering this annual frequency dividend payout ratio is forty eight percent.
William Penn Bancorporation is currently experiencing strong support from both hedge funds and corporate insiders alike with a steady yield and an increased quarterly dividend payout. This certainly indicates that William Penn Bancorporation may continue to bolster its status as a promising investment in the foreseeable future.
