Stock analysts at Sandler O’Neill initiated coverage on shares of Malvern Bancorp, Inc. (NASDAQ:MLVF) in a research report issued to clients and investors on Monday. The firm set a “hold” rating and a $24.00 price target on the savings and loans company’s stock. Sandler O’Neill’s price objective points to a potential upside of 3.67% from the company’s current price.

Shares of Malvern Bancorp (NASDAQ MLVF) traded up 0.43% on Monday, reaching $23.25. 13,662 shares of the company were exchanged. The firm has a market capitalization of $149.64 million, a PE ratio of 12.57 and a beta of 0.03. Malvern Bancorp has a 12-month low of $15.00 and a 12-month high of $24.60. The stock’s 50-day moving average is $22.05 and its 200 day moving average is $21.28.

Malvern Bancorp (NASDAQ:MLVF) last released its earnings results on Wednesday, April 26th. The savings and loans company reported $0.22 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.22. The company had revenue of $6.53 million during the quarter. Malvern Bancorp had a return on equity of 6.35% and a net margin of 38.55%. On average, analysts forecast that Malvern Bancorp will post $0.87 EPS for the current year.

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Hedge funds have recently made changes to their positions in the stock. Seidman Lawrence B increased its stake in shares of Malvern Bancorp by 8.9% in the fourth quarter. Seidman Lawrence B now owns 289,386 shares of the savings and loans company’s stock valued at $5,082,000 after buying an additional 23,603 shares during the last quarter. M3F Inc. bought a new stake in shares of Malvern Bancorp during the fourth quarter valued at $2,302,000. Banc Funds Co. LLC increased its stake in shares of Malvern Bancorp by 22.4% in the third quarter. Banc Funds Co. LLC now owns 236,719 shares of the savings and loans company’s stock valued at $3,882,000 after buying an additional 43,400 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in shares of Malvern Bancorp by 5.4% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 259,003 shares of the savings and loans company’s stock valued at $4,548,000 after buying an additional 13,353 shares during the last quarter. Finally, Clover Partners L.P. increased its stake in shares of Malvern Bancorp by 13.0% in the first quarter. Clover Partners L.P. now owns 491,586 shares of the savings and loans company’s stock valued at $7,875,000 after buying an additional 56,560 shares during the last quarter. Hedge funds and other institutional investors own 61.16% of the company’s stock.

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