Emerald Advisers Inc. PA cut its position in shares of Malvern Bancorp, Inc. (NASDAQ:MLVF) by 9.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,251 shares of the savings and loans company’s stock after selling 3,692 shares during the period. Emerald Advisers Inc. PA owned approximately 0.57% of Malvern Bancorp worth $892,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in MLVF. ClariVest Asset Management LLC raised its position in shares of 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 in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Malvern Bancorp during the fourth quarter worth $736,000. Dimensional Fund Advisors LP raised its position in shares of Malvern Bancorp by 13.2% in the first quarter. Dimensional Fund Advisors LP now owns 39,454 shares of the savings and loans company’s stock worth $836,000 after buying an additional 4,614 shares in the last quarter. Geode Capital Management LLC purchased a new position in shares of Malvern Bancorp during the first quarter worth $1,490,000. Finally, Wellington Management Group LLP raised its position in shares of 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 in the last quarter. 58.12% of the stock is currently owned by institutional investors and hedge funds.
Shares of Malvern Bancorp, Inc. (NASDAQ:MLVF) traded up 1.09% on Friday, hitting $23.20. The stock had a trading volume of 12,057 shares. Malvern Bancorp, Inc. has a 12-month low of $15.95 and a 12-month high of $26.15. The company has a market cap of $149.38 million and a price-to-earnings ratio of 12.10. The stock has a 50 day moving average price of $24.36 and a 200-day moving average price of $22.34.
Malvern Bancorp (NASDAQ:MLVF) last released its earnings results on Wednesday, July 26th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.07. Malvern Bancorp had a return on equity of 6.64% and a net margin of 37.03%. The company had revenue of $7.21 million for the quarter. On average, equities analysts expect that Malvern Bancorp, Inc. will post $0.96 earnings per share for the current year.
Separately, Sandler O’Neill started coverage on Malvern Bancorp in a report on Monday, June 19th. They issued a “hold” rating and a $24.00 price objective on the stock.
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