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

Shares of Malvern Bancorp stock opened at $20.21 on Friday. The company 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 Inc has a 52 week low of $20.11 and a 52 week high of $28.20.

Malvern Bancorp (NASDAQ:MLVF) last announced its quarterly earnings data 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 company had revenue of $7.69 million during the quarter. Malvern Bancorp had a net margin of 15.63% and a return on equity of 7.56%.

Institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in shares of Malvern Bancorp by 18.1% in the 2nd quarter. Renaissance Technologies LLC now owns 34,352 shares of the savings and loans company’s stock valued at $836,000 after purchasing an additional 5,277 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Malvern Bancorp by 23.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 57,293 shares of the savings and loans company’s stock valued at $1,490,000 after purchasing an additional 11,014 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in Malvern Bancorp by 3.7% in the 2nd quarter. BlackRock Inc. now owns 291,518 shares of the savings and loans company’s stock worth $7,098,000 after buying an additional 10,266 shares during the period. 60.38% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on MLVF shares. Sandler O’Neill raised shares of Malvern Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, October 8th. 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 report on Friday, October 5th.

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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