Malvern Bancorp (NASDAQ:MLVF) Rating Lowered to Sell at Zacks Investment Research

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Zacks Investment Research cut shares of Malvern Bancorp (NASDAQ:MLVF) from a hold rating to a sell rating in a research note released on Saturday, Zacks.com reports.

According to Zacks, “Malvern Bancorp, Inc. is the holding company for Malvern Federal Savings Bank. Malvern Federal Savings Bank is a federally-chartered, FDIC-insured savings bank engaged in attracting deposits from the general public and using those funds to invest in loans and investment securities. Malvern Bancorp, Inc., formerly known as Malvern Federal Bancorp, Inc., is headquartered in Paoli, Pennsylvania. “

Several other brokerages have also recently weighed in on MLVF. Piper Sandler reduced their price target on Malvern Bancorp from $16.00 to $15.00 and set a neutral rating for the company in a research report on Thursday, August 6th. ValuEngine upgraded Malvern Bancorp from a sell rating to a hold rating in a research report on Tuesday, November 3rd.

NASDAQ:MLVF opened at $14.66 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.25 and a quick ratio of 1.24. The business has a fifty day simple moving average of $12.84 and a two-hundred day simple moving average of $12.27. Malvern Bancorp has a 1 year low of $10.06 and a 1 year high of $23.75. The company has a market capitalization of $111.56 million, a P/E ratio of 13.09 and a beta of 0.86.

Malvern Bancorp (NASDAQ:MLVF) last announced its quarterly earnings results on Saturday, November 14th. The savings and loans company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.13. Malvern Bancorp had a return on equity of 5.98% and a net margin of 17.51%. As a group, analysts anticipate that Malvern Bancorp will post 0.72 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its stake in shares of Malvern Bancorp by 17.9% in the 1st quarter. Wells Fargo & Company MN now owns 18,991 shares of the savings and loans company’s stock valued at $233,000 after acquiring an additional 2,881 shares during the last quarter. State Street Corp grew its stake in shares of Malvern Bancorp by 2.3% in the 1st quarter. State Street Corp now owns 127,003 shares of the savings and loans company’s stock worth $1,556,000 after buying an additional 2,911 shares during the last quarter. Bell Rock Capital LLC grew its stake in shares of Malvern Bancorp by 6.1% in the 2nd quarter. Bell Rock Capital LLC now owns 55,089 shares of the savings and loans company’s stock worth $701,000 after buying an additional 3,150 shares during the last quarter. Emerald Advisers LLC purchased a new stake in shares of Malvern Bancorp in the 2nd quarter worth approximately $54,000. Finally, Beese Fulmer Investment Management Inc. purchased a new stake in shares of Malvern Bancorp in the 2nd quarter worth approximately $127,000. 59.30% of the stock is owned by institutional investors.

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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