Malvern Bancorp (MLVF) Upgraded to “Buy” by Sandler O’Neill

Malvern Bancorp (NASDAQ:MLVF) was upgraded by equities research analysts at Sandler O’Neill to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage currently has a $24.00 target price on the savings and loans company’s stock. Sandler O’Neill’s price objective would indicate a potential upside of 14.29% from the company’s current price.

Separately, Keefe, Bruyette & Woods restated a “market perform” rating and set a $23.00 target price (down from $29.00) on shares of Malvern Bancorp in a research report on Friday.

Malvern Bancorp stock opened at $21.00 on Monday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.20 and a current ratio of 1.20. Malvern Bancorp has a 1 year low of $20.88 and a 1 year high of $28.20. The stock has a market cap of $157.48 million, a price-to-earnings ratio of 19.63 and a beta of -0.16.

Malvern Bancorp (NASDAQ:MLVF) last released its earnings results on Thursday, August 2nd. The savings and loans company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). Malvern Bancorp had a net margin of 15.63% and a return on equity of 7.56%. The business had revenue of $7.69 million for the quarter.

A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in Malvern Bancorp by 18.1% during the 2nd quarter. Renaissance Technologies LLC now owns 34,352 shares of the savings and loans company’s stock valued at $836,000 after purchasing an additional 5,277 shares during the period. BlackRock Inc. raised its position in shares of Malvern Bancorp by 3.7% in the 2nd quarter. BlackRock Inc. now owns 291,518 shares of the savings and loans company’s stock valued at $7,098,000 after acquiring an additional 10,266 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Malvern Bancorp by 23.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 57,293 shares of the savings and loans company’s stock valued at $1,490,000 after acquiring an additional 11,014 shares during the period. Institutional investors own 60.38% of the company’s stock.

Malvern Bancorp Company 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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