Alliancebernstein L.P. Trims Stake in Malvern Bancorp, Inc. (MLVF)

Alliancebernstein L.P. lessened its holdings in shares of Malvern Bancorp, Inc. (NASDAQ:MLVF) by 2.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 107,749 shares of the savings and loans company’s stock after selling 3,201 shares during the quarter. Alliancebernstein L.P. owned about 1.67% of Malvern Bancorp worth $2,581,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MLVF. EJF Capital LLC lifted its position in shares of Malvern Bancorp by 16.6% during the first quarter. EJF Capital LLC now owns 640,587 shares of the savings and loans company’s stock worth $13,488,000 after purchasing an additional 91,400 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Malvern Bancorp by 181.0% during 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 purchasing an additional 73,499 shares in the last quarter. Geode Capital Management LLC acquired a new stake in shares of Malvern Bancorp during the first quarter worth about $1,490,000. Bank of New York Mellon Corp acquired a new stake in shares of Malvern Bancorp during the second quarter worth about $433,000. Finally, Schwab Charles Investment Management Inc. acquired a new stake in shares of Malvern Bancorp during the second quarter worth about $252,000. 65.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of Malvern Bancorp, Inc. (NASDAQ:MLVF) opened at 26.90 on Friday. The firm has a market cap of $173.21 million, a PE ratio of 14.03 and a beta of -0.02. Malvern Bancorp, Inc. has a one year low of $16.36 and a one year high of $27.45. The company has a 50-day moving average of $25.20 and a 200 day moving average of $23.49.

Malvern Bancorp (NASDAQ:MLVF) last released its quarterly earnings results on Wednesday, July 26th. The savings and loans company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.25 by $0.07. The firm had revenue of $7.21 million for the quarter. Malvern Bancorp had a return on equity of 6.64% and a net margin of 37.03%. On average, equities research analysts expect that Malvern Bancorp, Inc. will post $0.96 EPS for the current fiscal year.

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

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

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