Joseph D. Gangemi Purchases 1,428 Shares of Malvern Bancorp Inc (MLVF) Stock

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Malvern Bancorp Inc (NASDAQ:MLVF) CFO Joseph D. Gangemi purchased 1,428 shares of the stock in a transaction dated Tuesday, October 9th. The stock was purchased at an average price of $21.00 per share, for a total transaction of $29,988.00. Following the completion of the acquisition, the chief financial officer now directly owns 2,173 shares in the company, valued at approximately $45,633. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NASDAQ:MLVF opened at $20.21 on Friday. Malvern Bancorp Inc has a fifty-two week low of $20.11 and a fifty-two week high of $28.20. The stock has a market capitalization of $157.48 million, a PE ratio of 19.63 and a beta of -0.16. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.37.

Malvern Bancorp (NASDAQ:MLVF) last released its quarterly earnings results on Thursday, August 2nd. The savings and loans company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Malvern Bancorp had a net margin of 15.63% and a return on equity of 7.56%. The firm had revenue of $7.69 million during the quarter.

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

A number of hedge funds have recently added to or reduced their stakes in MLVF. Renaissance Technologies LLC boosted its stake in 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 worth $836,000 after purchasing an additional 5,277 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in 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 worth $1,490,000 after purchasing an additional 11,014 shares in the last quarter. Finally, BlackRock Inc. boosted its stake 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 purchasing an additional 10,266 shares in the last quarter. Institutional investors own 60.38% of the company’s stock.

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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