Malvern Bancorp, Inc. (MLVF) Director Cynthia F. Leitzell Acquires 800 Shares
Malvern Bancorp, Inc. (NASDAQ:MLVF) Director Cynthia F. Leitzell purchased 800 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were acquired at an average cost of $24.32 per share, for a total transaction of $19,456.00. Following the transaction, the director now owns 700 shares of the company’s stock, valued at $17,024. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
Malvern Bancorp, Inc. (MLVF) traded down 0.82% during midday trading on Friday, hitting $24.30. The stock had a trading volume of 31,461 shares. The stock has a market capitalization of $156.47 million and a price-to-earnings ratio of 12.67. Malvern Bancorp, Inc. has a 52 week low of $16.36 and a 52 week high of $26.15. The company’s 50 day moving average price is $24.15 and its 200-day moving average price is $22.75.
Malvern Bancorp (NASDAQ:MLVF) last announced its quarterly earnings data on Wednesday, July 26th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.07. The company had revenue of $7.21 million for the quarter. Malvern Bancorp had a return on equity of 6.64% and a net margin of 37.03%. Equities analysts anticipate that Malvern Bancorp, Inc. will post $0.96 earnings per share for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of MLVF. EJF Capital LLC raised its stake in Malvern Bancorp by 16.6% during the 1st quarter. EJF Capital LLC now owns 640,587 shares of the savings and loans company’s stock worth $13,488,000 after buying an additional 91,400 shares during the period. State Street Corp acquired a new position in Malvern Bancorp during the 2nd quarter worth approximately $1,786,000. Wellington Management Group LLP raised its stake in Malvern Bancorp by 181.0% during the 1st quarter. Wellington Management Group LLP now owns 114,106 shares of the savings and loans company’s stock worth $2,419,000 after buying an additional 73,499 shares during the period. Geode Capital Management LLC acquired a new position in Malvern Bancorp during the 1st quarter worth approximately $1,490,000. Finally, Northern Trust Corp raised its stake in Malvern Bancorp by 561.6% during the 2nd quarter. Northern Trust Corp now owns 64,969 shares of the savings and loans company’s stock worth $1,556,000 after buying an additional 55,149 shares during the period. 65.68% of the stock is currently owned by institutional investors and hedge funds.
Separately, Sandler O’Neill assumed coverage on Malvern Bancorp in a research report on Monday, June 19th. They set a “hold” rating and a $24.00 price target on the stock.
About Malvern Bancorp
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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