Insider Trading Report: William Penn Bancorporation (WMPN)

shutterstock_5482710011

Jonathan Logan, an EVP and CFO at
William Penn Bancorporation (WMPN), recently bought 1,000 shares. The buy increased his stake by nearly 13 percent, and came to a total cost of over $12,500.

  • Special: 32,481% Growth: The SmartPhone Startup Outpacing Apple and Samsung
  • The buy comes a day after the company COO bought 1,000 shares, and the company President and CEO bought 6,720 shares. All told, company insiders have been active buyers since last March, with no insider sales over the past three years.

    Insiders own 8.2 percent of the regional bank, which operates 12 branches in Pennsylvania and New Jersey.

    • Bill O'Reilly Interviews Wall Street Expert to Help YOU Achieve the American Dream

      "We're going to bring back the American Dream... bigger, better, bolder, richer, safer, and stronger than ever before." - President Donald Trump

      During Trump's first term, 8 million Americans became millionaires despite constant resistance from Democrats and even some Republicans in his cabinet.

      Now, with Republicans controlling both houses and the Fed cutting rates, everything is aligned for even greater growth.

      Bill O'Reilly interviews investment expert Alexander Green who reveals details on 6 stocks with the potential to soar under Trump's pro-business policies.

      Get the Details Right Here

    Shares are down 67 percent over the past year, and the drop in shares has led to the stock trading at a discount to its book value, a reasonable sign that the bank is undervalued.
    Action to take: Investors can buy shares here and lock in a dividend of nearly 1 percent at today’s prices. With the bank trading under book value, there’s also the possibility for a jump higher on a buyout offer in shares, which for smaller banks tends to occur at 1.2 times book value or higher.

    Traders have no options here, but as bank stocks can likely benefit operationally even as interest rates start to rise, there could be more upside in this or other regional financial bank stocks in the months ahead.

  • Special: The Crypto that Could Replace Visa?
  •  
    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

    [wp-post-author image-layout="round"]