Renaissance Technologies LLC Trims Stake in Malvern Bancorp, Inc. (MLVF)

Renaissance Technologies LLC reduced its stake in shares of Malvern Bancorp, Inc. (NASDAQ:MLVF) by 12.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,400 shares of the savings and loans company’s stock after selling 4,400 shares during the period. Renaissance Technologies LLC owned 0.46% of Malvern Bancorp worth $640,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. ClariVest Asset Management LLC lifted its holdings in shares of Malvern Bancorp by 5.0% during the 1st quarter. ClariVest Asset Management LLC now owns 5,759 shares of the savings and loans company’s stock worth $122,000 after acquiring an additional 272 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 period. Emerald Advisers Inc. PA raised its holdings 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 period. Geode Capital Management LLC purchased a new position in Malvern Bancorp in the first quarter valued at approximately $1,490,000. Finally, Wellington Management Group LLP raised its holdings 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 period. Institutional investors and hedge funds own 65.68% of the company’s stock.

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Separately, Sandler O’Neill initiated coverage on shares of Malvern Bancorp in a report on Monday, June 19th. They issued a “hold” rating and a $24.00 price target on the stock.

Malvern Bancorp, Inc. (MLVF) opened at 24.55 on Thursday. The company has a 50-day moving average of $24.16 and a 200 day moving average of $22.72. Malvern Bancorp, Inc. has a 12-month low of $16.36 and a 12-month high of $26.15. The stock has a market cap of $158.08 million and a price-to-earnings ratio of 12.80.

Malvern Bancorp (NASDAQ:MLVF) last announced its quarterly earnings results on Wednesday, July 26th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.07. The business 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 analysts anticipate that Malvern Bancorp, Inc. will post $0.96 earnings per share for the current year.

Malvern Bancorp Company Profile

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.

Institutional Ownership by Quarter for Malvern Bancorp (NASDAQ:MLVF)

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