Malvern Bancorp (NASDAQ:MLVF) posted its quarterly earnings data on Thursday. The savings and loans company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.04, MarketWatch Earnings reports. Malvern Bancorp had a return on equity of 7.56% and a net margin of 15.63%.
Shares of MLVF traded down $0.29 during midday trading on Friday, reaching $20.76. The stock had a trading volume of 17,500 shares, compared to its average volume of 10,835. Malvern Bancorp has a 12-month low of $19.08 and a 12-month high of $28.20. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $157.21 million, a P/E ratio of 16.58 and a beta of -0.16.
A number of research firms have recently issued reports on MLVF. Sandler O’Neill upgraded Malvern Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Monday, October 8th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $23.00 price objective (down from $29.00) on shares of Malvern Bancorp in a report on Friday, October 5th.
In related news, CFO Joseph D. Gangemi bought 1,428 shares of the company’s stock in a transaction that occurred on Tuesday, October 9th. The stock was bought at an average cost of $21.00 per share, for a total transaction of $29,988.00. Following the acquisition, the chief financial officer now directly owns 2,173 shares of the company’s stock, valued at approximately $45,633. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP William Woolworth III bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 9th. The shares were bought at an average price of $21.00 per share, with a total value of $42,000.00. Following the completion of the acquisition, the senior vice president now directly owns 2,268 shares in the company, valued at $47,628. The disclosure for this purchase can be found here. Insiders bought a total of 37,569 shares of company stock valued at $788,949 over the last quarter. Company insiders own 3.70% of the company’s stock.
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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