Malvern Bancorp Inc (NASDAQ:MLVF) Director Acquires $53,711.35 in Stock

Malvern Bancorp Inc (NASDAQ:MLVF) Director Howard Kent acquired 2,695 shares of Malvern Bancorp stock in a transaction on Thursday, June 6th. The shares were bought at an average price of $19.93 per share, for a total transaction of $53,711.35. Following the completion of the purchase, the director now directly owns 123,459 shares in the company, valued at $2,460,537.87. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Howard Kent also recently made the following trade(s):

  • On Wednesday, May 22nd, Howard Kent bought 3,327 shares of Malvern Bancorp stock. The shares were bought at an average cost of $19.93 per share, for a total transaction of $66,307.11.

Shares of MLVF traded down $0.26 during midday trading on Friday, hitting $20.22. The stock had a trading volume of 1,800 shares, compared to its average volume of 6,722. Malvern Bancorp Inc has a fifty-two week low of $18.03 and a fifty-two week high of $27.25. The stock has a market cap of $158.04 million, a price-to-earnings ratio of 16.56 and a beta of 0.34. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.19 and a quick ratio of 1.19.

Malvern Bancorp (NASDAQ:MLVF) last announced its earnings results on Wednesday, May 1st. The savings and loans company reported $0.26 EPS for the quarter. Malvern Bancorp had a net margin of 19.24% and a return on equity of 7.21%. The company had revenue of $7.69 million during the quarter.

Separately, Sandler O’Neill cut shares of Malvern Bancorp from a “buy” rating to a “hold” rating and set a $22.00 price objective on the stock. in a research note on Monday, May 6th.

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA increased its position in Malvern Bancorp by 774.9% during the first quarter. BNP Paribas Arbitrage SA now owns 1,601 shares of the savings and loans company’s stock worth $32,000 after acquiring an additional 1,418 shares during the period. American International Group Inc. lifted its position in Malvern Bancorp by 17.3% during the 4th quarter. American International Group Inc. now owns 4,973 shares of the savings and loans company’s stock worth $98,000 after buying an additional 735 shares in the last quarter. SG Americas Securities LLC acquired a new position in Malvern Bancorp during the 1st quarter worth about $133,000. Bank of America Corp DE lifted its position in Malvern Bancorp by 63.2% during the 4th quarter. Bank of America Corp DE now owns 7,194 shares of the savings and loans company’s stock worth $143,000 after buying an additional 2,785 shares in the last quarter. Finally, Southside Capital LLC acquired a new position in Malvern Bancorp during the 4th quarter worth about $154,000. Institutional investors and hedge funds own 62.08% of the company’s stock.

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About Malvern Bancorp

Malvern Bancorp, Inc operates as the bank holding company for Malvern Bank that provides various banking products and services to consumer and business customers in Pennsylvania. The company accepts checking accounts, retirement accounts, money market accounts, time and savings accounts, interest and non-interest bearing accounts, NOW accounts, and CDARS/ICS reciprocal deposits.

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