Zacks: Malvern Bancorp, Inc. (MLVF) Receives Consensus Rating of “Hold” from Analysts

Shares of Malvern Bancorp, Inc. (NASDAQ:MLVF) have been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokers have set a 12 month consensus price target of $24.00 for the company, according to Zacks. Zacks has also given Malvern Bancorp an industry rank of 14 out of 265 based on the ratings given to its competitors.

Separately, Sandler O’Neill set a $28.00 price target on shares of Malvern Bancorp and gave the stock a “hold” rating in a report on Wednesday, January 3rd.

A number of institutional investors and hedge funds have recently made changes to their positions in MLVF. State Street Corp acquired a new stake in Malvern Bancorp during the 2nd quarter worth $1,786,000. Northern Trust Corp boosted its stake in Malvern Bancorp by 561.6% during the 2nd quarter. Northern Trust Corp now owns 64,969 shares of the savings and loans company’s stock worth $1,556,000 after purchasing an additional 55,149 shares during the last quarter. Vanguard Group Inc. boosted its stake in Malvern Bancorp by 27.0% during the 2nd quarter. Vanguard Group Inc. now owns 166,743 shares of the savings and loans company’s stock worth $3,993,000 after purchasing an additional 35,457 shares during the last quarter. Quantum Capital Management acquired a new stake in Malvern Bancorp during the 3rd quarter worth $721,000. Finally, Bank of New York Mellon Corp acquired a new stake in Malvern Bancorp during the 2nd quarter worth $433,000. 66.16% of the stock is currently owned by institutional investors.

Shares of Malvern Bancorp (NASDAQ:MLVF) traded down $0.95 during midday trading on Friday, reaching $23.95. 663 shares of the company traded hands, compared to its average volume of 3,635. The stock has a market cap of $163.66, a price-to-earnings ratio of 23.48 and a beta of 0.03. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.21 and a current ratio of 1.21. Malvern Bancorp has a 12 month low of $20.05 and a 12 month high of $28.20.

Malvern Bancorp (NASDAQ:MLVF) last issued its quarterly earnings results on Friday, December 1st. The savings and loans company reported $0.30 EPS for the quarter. Malvern Bancorp had a net margin of 18.31% and a return on equity of 6.64%.

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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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