Malvern Bancorp Inc (NASDAQ:MLVF) Director Stephen P. Scartozzi purchased 500 shares of the stock in a transaction on Friday, May 17th. The shares were purchased at an average cost of $20.08 per share, for a total transaction of $10,040.00. Following the acquisition, the director now directly owns 5,306 shares of the company’s stock, valued at $106,544.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of MLVF stock traded up $0.21 during mid-day trading on Tuesday, hitting $20.14. The company had a trading volume of 4,642 shares, compared to its average volume of 7,029. Malvern Bancorp Inc has a 52-week low of $18.03 and a 52-week high of $27.25. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.23 and a current ratio of 1.19. The company has a market capitalization of $155.97 million, a PE ratio of 16.08 and a beta of 0.28.

Several hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA lifted its position in shares of Malvern Bancorp by 774.9% during the first quarter. BNP Paribas Arbitrage SA now owns 1,601 shares of the savings and loans company’s stock valued at $32,000 after buying an additional 1,418 shares during the last quarter. American International Group Inc. lifted its position in shares of Malvern Bancorp by 17.3% during the 4th quarter. American International Group Inc. now owns 4,973 shares of the savings and loans company’s stock valued at $98,000 after buying an additional 735 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Malvern Bancorp during the 1st quarter valued at approximately $133,000. Bank of America Corp DE lifted its position in shares of Malvern Bancorp by 63.2% during the 4th quarter. Bank of America Corp DE now owns 7,194 shares of the savings and loans company’s stock valued at $143,000 after buying an additional 2,785 shares in the last quarter. Finally, Southside Capital LLC purchased a new position in shares of Malvern Bancorp during the 4th quarter valued at approximately $154,000. 62.00% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Sandler O’Neill downgraded shares of Malvern Bancorp from a “buy” rating to a “hold” rating and set a $22.00 target price on the stock. in a report on Monday, May 6th.

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About Malvern Bancorp

Malvern Bancorp, Inc operates as the bank holding company for Malvern Bank that provides various banking products and services to consumer and business customers in Pennsylvania. The company accepts checking accounts, retirement accounts, money market accounts, time and savings accounts, interest and non-interest bearing accounts, NOW accounts, and CDARS/ICS reciprocal deposits.

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