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

Alliancebernstein L.P. reduced its position in Malvern Bancorp, Inc. (NASDAQ:MLVF) by 31.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 55,543 shares of the savings and loans company’s stock after selling 25,821 shares during the period. Alliancebernstein L.P.’s holdings in Malvern Bancorp were worth $1,455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Malvern Bancorp during the fourth quarter valued at $189,000. Bank of New York Mellon Corp lifted its position in Malvern Bancorp by 17.2% during the third quarter. Bank of New York Mellon Corp now owns 21,180 shares of the savings and loans company’s stock valued at $566,000 after purchasing an additional 3,110 shares in the last quarter. Wells Fargo & Company MN lifted its position in Malvern Bancorp by 2,193.3% during the third quarter. Wells Fargo & Company MN now owns 12,613 shares of the savings and loans company’s stock valued at $338,000 after purchasing an additional 12,063 shares in the last quarter. California State Teachers Retirement System purchased a new position in Malvern Bancorp during the second quarter valued at $273,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Malvern Bancorp during the second quarter valued at $171,000. Hedge funds and other institutional investors own 61.03% of the company’s stock.

Separately, Sandler O’Neill upgraded Malvern Bancorp from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, February 7th.



NASDAQ MLVF opened at $24.80 on Thursday. The firm has a market cap of $163.00, a P/E ratio of 22.55 and a beta of -0.13. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.38. Malvern Bancorp, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $28.20.

Malvern Bancorp (NASDAQ:MLVF) last released its earnings results on Wednesday, January 31st. The savings and loans company reported $0.26 earnings per share for the quarter. The company had revenue of $8.09 million for the quarter. Malvern Bancorp had a return on equity of 7.06% and a net margin of 14.69%.

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Malvern Bancorp 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.

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

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