Malvern Bancorp Inc (NASDAQ:MLVF) Director Howard Kent acquired 3,327 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were bought at an average price of $19.93 per share, for a total transaction of $66,307.11. Following the acquisition, the director now directly owns 120,437 shares of the company’s stock, valued at approximately $2,400,309.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of NASDAQ MLVF traded down $0.14 during trading on Thursday, hitting $19.86. 4,400 shares of the company traded hands, compared to its average volume of 7,033. Malvern Bancorp Inc has a fifty-two week low of $18.03 and a fifty-two week high of $27.25. The firm has a market capitalization of $154.39 million, a P/E ratio of 16.51 and a beta of 0.28. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.89.
Separately, Sandler O’Neill lowered shares of Malvern Bancorp from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a report on Monday, May 6th.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in Malvern Bancorp by 1.2% during the 3rd quarter. BlackRock Inc. now owns 295,082 shares of the savings and loans company’s stock valued at $7,068,000 after purchasing an additional 3,564 shares during the period. Dimensional Fund Advisors LP raised its stake in Malvern Bancorp by 12.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 81,762 shares of the savings and loans company’s stock valued at $1,958,000 after acquiring an additional 9,217 shares in the last quarter. Vanguard Group Inc raised its stake in Malvern Bancorp by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 239,948 shares of the savings and loans company’s stock valued at $5,747,000 after acquiring an additional 1,349 shares in the last quarter. Southside Capital LLC bought a new stake in Malvern Bancorp during the 4th quarter valued at $154,000. Finally, Seidman Lawrence B raised its stake in Malvern Bancorp by 36.3% during the 4th quarter. Seidman Lawrence B now owns 619,782 shares of the savings and loans company’s stock valued at $12,228,000 after acquiring an additional 165,021 shares in the last quarter. Hedge funds and other institutional investors own 62.52% of the company’s stock.
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About Malvern Bancorp
Malvern Bancorp, Inc operates as the bank holding company for Malvern Bank that provides various banking products and services to consumer and business customers in Pennsylvania. The company accepts checking accounts, retirement accounts, money market accounts, time and savings accounts, interest and non-interest bearing accounts, NOW accounts, and CDARS/ICS reciprocal deposits.
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