Malvern Bancorp Inc (NASDAQ:MLVF) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $21.92. Malvern Bancorp shares last traded at $21.92, with a volume of 1 shares traded.
Separately, Sandler O’Neill cut 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.
The company has a fifty day moving average price of $20.88. 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 issued its quarterly earnings results on Wednesday, May 1st. The savings and loans company reported $0.26 earnings per share for the quarter. Malvern Bancorp had a return on equity of 7.21% and a net margin of 19.24%. The company had revenue of $7.69 million during the quarter.
In other Malvern Bancorp news, Director James W. Barrett bought 1,218 shares of Malvern Bancorp stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average cost of $20.95 per share, for a total transaction of $25,517.10. Following the completion of the acquisition, the director now owns 1,486 shares of the company’s stock, valued at approximately $31,131.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Howard Kent bought 3,327 shares of Malvern Bancorp stock in a transaction that occurred on Wednesday, May 22nd. The shares were acquired at an average price of $19.93 per share, with a total value of $66,307.11. Following the completion of the acquisition, the director now directly owns 120,437 shares of the company’s stock, valued at approximately $2,400,309.41. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 12,118 shares of company stock worth $245,259. 3.80% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of MLVF. BNP Paribas Arbitrage SA lifted its position in shares of Malvern Bancorp by 774.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,601 shares of the savings and loans company’s stock valued at $32,000 after acquiring an additional 1,418 shares in the last quarter. American International Group Inc. lifted its position in Malvern Bancorp by 17.3% in 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 purchased a new stake in Malvern Bancorp in the 1st quarter worth approximately $133,000. Bank of America Corp DE lifted its position in Malvern Bancorp by 63.2% in 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, Bank of New York Mellon Corp lifted its position in Malvern Bancorp by 4.7% in the 4th quarter. Bank of New York Mellon Corp now owns 21,921 shares of the savings and loans company’s stock worth $433,000 after buying an additional 993 shares in the last quarter. Hedge funds and other institutional investors own 62.08% of the company’s stock.
About Malvern Bancorp (NASDAQ:MLVF)
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.
Receive News & Ratings for Malvern Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Malvern Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.