Malvern Bancorp Inc (NASDAQ:MLVF) CEO Anthony Weagley purchased 6,665 shares of the firm’s stock in a transaction that occurred on Tuesday, October 9th. The shares were acquired at an average cost of $21.00 per share, with a total value of $139,965.00. Following the completion of the transaction, the chief executive officer now directly owns 18,363 shares of the company’s stock, valued at approximately $385,623. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of MLVF opened at $20.21 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market cap of $157.48 million, a P/E ratio of 19.63 and a beta of -0.16. Malvern Bancorp Inc has a 12 month low of $20.11 and a 12 month high of $28.20.
Malvern Bancorp (NASDAQ:MLVF) last issued its quarterly earnings results on Thursday, August 2nd. The savings and loans company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The business had revenue of $7.69 million for the quarter. Malvern Bancorp had a net margin of 15.63% and a return on equity of 7.56%.
A number of analysts recently commented on the company. Sandler O’Neill raised Malvern Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Monday, October 8th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $23.00 price target (down from $29.00) on shares of Malvern Bancorp in a research report on Friday, October 5th.
Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Malvern Bancorp by 23.8% during the first quarter. Dimensional Fund Advisors LP now owns 57,293 shares of the savings and loans company’s stock valued at $1,490,000 after acquiring an additional 11,014 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Malvern Bancorp by 18.1% during the second quarter. Renaissance Technologies LLC now owns 34,352 shares of the savings and loans company’s stock valued at $836,000 after acquiring an additional 5,277 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of Malvern Bancorp by 3.7% during the second quarter. BlackRock Inc. now owns 291,518 shares of the savings and loans company’s stock valued at $7,098,000 after acquiring an additional 10,266 shares during the last quarter. 60.38% of the stock is owned by institutional investors.
Malvern Bancorp Company Profile
Malvern Bancorp, Inc operates as the holding company for Malvern Federal Savings Bank that provides various banking products and services to consumer and business customers in Pennsylvania. The company offers checking accounts, retirement accounts, money market accounts, time and savings accounts, interest and non-interest bearing accounts, NOW accounts, and CDARS/ICS reciprocal deposits; and debit and credit card, wire transfer, automated teller, Internet banking, ACH origination, safe deposit box, telephone banking, and mobile banking services.
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