Malvern Bancorp Inc (NASDAQ:MLVF) CFO Joseph D. Gangemi purchased 1,428 shares of Malvern Bancorp 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 purchase, the chief financial officer now directly owns 2,173 shares in the company, valued at $45,633. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

NASDAQ MLVF opened at $20.21 on Friday. 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 cap of $157.48 million, a price-to-earnings ratio of 19.63 and a beta of -0.16. Malvern Bancorp Inc has a one year low of $20.11 and a one year high of $28.20.

Malvern Bancorp (NASDAQ:MLVF) last posted its earnings results on Thursday, August 2nd. The savings and loans company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The business 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%.

MLVF has been the topic of several recent analyst reports. Sandler O’Neill raised shares of Malvern Bancorp from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, October 8th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $23.00 target price (down previously from $29.00) on shares of Malvern Bancorp in a research report on Friday, October 5th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its position in Malvern Bancorp by 18.1% during 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 period. BlackRock Inc. increased its position in Malvern Bancorp by 3.7% during the 2nd quarter. BlackRock Inc. now owns 291,518 shares of the savings and loans company’s stock valued at $7,098,000 after purchasing an additional 10,266 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Malvern Bancorp by 23.8% during 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 period. 60.38% of the stock is currently 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.

See Also: Compound Annual Growth Rate (CAGR)

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