Brokerages Set $24.00 Price Target for Malvern Bancorp, Inc. (MLVF)

Malvern Bancorp, Inc. (NASDAQ:MLVF) has earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Brokerages have set a 1-year consensus price target of $24.00 for the company, according to Zacks. Zacks has also given Malvern Bancorp an industry rank of 15 out of 265 based on the ratings given to related companies.

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

Shares of Malvern Bancorp (NASDAQ MLVF) traded up $0.15 on Friday, reaching $22.45. 14,883 shares of the company’s stock were exchanged, compared to its average volume of 3,731. The company has a market capitalization of $147.56, a PE ratio of 24.94 and a beta of -0.07. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.39. Malvern Bancorp has a 1 year low of $20.05 and a 1 year high of $28.20.

Malvern Bancorp (NASDAQ:MLVF) last announced 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 14.69% and a return on equity of 7.11%.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Malvern Bancorp during the fourth quarter worth about $189,000. Wells Fargo & Company MN lifted its stake 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 worth $338,000 after purchasing an additional 12,063 shares during the period. Quantum Capital Management bought a new position in Malvern Bancorp during the third quarter worth about $721,000. Bank of New York Mellon Corp lifted its stake 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 worth $566,000 after purchasing an additional 3,110 shares during the period. Finally, California State Teachers Retirement System bought a new position in Malvern Bancorp during the second quarter worth about $273,000. Hedge funds and other institutional investors own 66.16% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Brokerages Set $24.00 Price Target for Malvern Bancorp, Inc. (MLVF)” was reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was illegally copied and republished in violation of United States and international trademark & copyright law. The correct version of this news story can be read at https://www.americanbankingnews.com/2018/02/04/brokerages-set-24-00-price-target-for-malvern-bancorp-inc-mlvf.html.

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.

Get a free copy of the Zacks research report on Malvern Bancorp (MLVF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Malvern Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Malvern Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply