Renaissance Technologies LLC cut its position in Malvern Bancorp, Inc. (NASDAQ:MLVF) by 12.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,400 shares of the savings and loans company’s stock after selling 4,400 shares during the period. Renaissance Technologies LLC owned about 0.46% of Malvern Bancorp worth $640,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of MLVF. ClariVest Asset Management LLC raised its stake 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 during the period. Dimensional Fund Advisors LP raised its stake in 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 valued at $836,000 after buying an additional 4,614 shares during the last quarter. Emerald Advisers Inc. PA raised its stake in Malvern Bancorp by 19.6% in the first quarter. Emerald Advisers Inc. PA now owns 40,943 shares of the savings and loans company’s stock valued at $862,000 after buying an additional 6,724 shares during the last quarter. Geode Capital Management LLC acquired a new stake in Malvern Bancorp during the first quarter valued at $1,490,000. Finally, Wellington Management Group LLP raised its stake 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 valued at $2,419,000 after buying an additional 73,499 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 1.30% during mid-day trading on Wednesday, reaching $23.40. 136 shares of the company’s stock traded hands. The stock has a market capitalization of $150.67 million and a PE ratio of 12.20. Malvern Bancorp, Inc. has a 12 month low of $16.00 and a 12 month high of $26.15. The firm’s 50-day moving average price is $24.27 and its 200 day moving average price is $22.45.
Malvern Bancorp (NASDAQ:MLVF) last released its earnings results on Wednesday, July 26th. The savings and loans company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.07. The firm had revenue of $7.21 million during the quarter. Malvern Bancorp had a return on equity of 6.64% and a net margin of 37.03%. Equities research analysts predict that Malvern Bancorp, Inc. will post $0.96 EPS for the current year.
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Separately, Sandler O’Neill began coverage on shares of Malvern Bancorp in a research note on Monday, June 19th. They set a “hold” rating and a $24.00 target price 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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