Howard Kent Acquires 27,000 Shares of Malvern Bancorp Inc (MLVF) Stock

Malvern Bancorp Inc (NASDAQ:MLVF) Director Howard Kent acquired 27,000 shares of the stock in a transaction that occurred on Tuesday, October 9th. The stock was acquired at an average cost of $21.00 per share, with a total value of $567,000.00. Following the completion of the purchase, the director now owns 119,137 shares of the company’s stock, valued at $2,501,877. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ:MLVF opened at $20.21 on Friday. Malvern Bancorp Inc has a 1-year low of $20.11 and a 1-year high of $28.20. The stock has a market capitalization of $157.48 million, a P/E ratio of 19.63 and a beta of -0.16. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.37.

Malvern Bancorp (NASDAQ:MLVF) last released its quarterly earnings results on Thursday, August 2nd. The savings and loans company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.01). The firm 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 weighed in on the stock. Sandler O’Neill lowered shares of Malvern Bancorp from a “buy” rating to a “hold” rating and set a $28.00 price objective for the company. in a research note on Monday, June 25th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $23.00 price objective (down from $29.00) on shares of Malvern Bancorp in a research note on Friday, October 5th.

Hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted 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 buying an additional 5,277 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 buying an additional 11,014 shares during the last quarter. Finally, BlackRock Inc. lifted 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 buying an additional 10,266 shares during the last quarter. 60.38% of the stock is owned by institutional investors and hedge funds.

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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