Anthony Weagley Acquires 6,665 Shares of Malvern Bancorp Inc (MLVF) Stock

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Malvern Bancorp Inc (NASDAQ:MLVF) CEO Anthony Weagley purchased 6,665 shares of the business’s stock in a transaction on Tuesday, October 9th. The stock was purchased at an average price of $21.00 per share, for a total transaction of $139,965.00. Following the acquisition, the chief executive officer now owns 18,363 shares of the company’s stock, valued at approximately $385,623. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ:MLVF opened at $20.21 on Friday. The company has a market capitalization of $157.48 million, a price-to-earnings ratio of 19.63 and a beta of -0.16. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.20 and a current ratio of 1.20. 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 results on Thursday, August 2nd. The savings and loans company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.01). The firm had revenue of $7.69 million during the quarter. Malvern Bancorp had a return on equity of 7.56% and a net margin of 15.63%.

Several research analysts have issued reports on the company. Sandler O’Neill lowered Malvern Bancorp from a “buy” rating to a “hold” rating and set a $28.00 price target on the stock. in a report on Monday, June 25th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $23.00 price target (down previously from $29.00) on shares of Malvern Bancorp in a report on Friday, October 5th.

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

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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