Geode Capital Management LLC Acquires New Stake in Malvern Bancorp, Inc. (MLVF)
Geode Capital Management LLC acquired a new position in Malvern Bancorp, Inc. (NASDAQ:MLVF) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,324 shares of the savings and loans company’s stock, valued at approximately $1,490,000. Geode Capital Management LLC owned about 1.07% of Malvern Bancorp at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. ClariVest Asset Management LLC increased its position in Malvern Bancorp by 5.0% in the first quarter. ClariVest Asset Management LLC now owns 5,759 shares of the savings and loans company’s stock worth $122,000 after buying an additional 272 shares during the last quarter. Wellington Management Group LLP increased its position in Malvern Bancorp by 181.0% in the first 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 last quarter. Finally, Seidman Lawrence B increased its position in Malvern Bancorp by 2.1% in the first quarter. Seidman Lawrence B now owns 454,761 shares of the savings and loans company’s stock worth $9,575,000 after buying an additional 9,363 shares during the last quarter. Institutional investors and hedge funds own 65.68% of the company’s stock.
Malvern Bancorp, Inc. (NASDAQ MLVF) traded up 2.31% on Friday, hitting $24.35. The company had a trading volume of 7,554 shares. The company has a market capitalization of $156.79 million, a P/E ratio of 12.70 and a beta of 0.01. Malvern Bancorp, Inc. has a one year low of $16.36 and a one year high of $26.15. The stock’s 50-day moving average price is $24.20 and its 200 day moving average price is $22.55.
Malvern Bancorp (NASDAQ:MLVF) last issued its earnings results on Wednesday, July 26th. The savings and loans company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.07. Malvern Bancorp had a return on equity of 6.64% and a net margin of 37.03%. The business had revenue of $7.21 million during the quarter. On average, analysts expect that Malvern Bancorp, Inc. will post $0.96 EPS for the current fiscal year.
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Separately, Sandler O’Neill started coverage on Malvern Bancorp in a report on Monday, June 19th. They set a “hold” rating and a $24.00 price objective for the company.
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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