Insider Buying: Malvern Bancorp Inc (MLVF) Director Acquires 27,000 Shares of Stock
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%.
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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