Malvern Bancorp, Inc. (MLVF) Coverage Initiated by Analysts at Sandler O’Neill

Sandler O’Neill initiated coverage on shares of Malvern Bancorp, Inc. (NASDAQ:MLVF) in a research report report published on Monday morning. The firm issued a hold rating and a $24.00 target price on the savings and loans company’s stock.

Malvern Bancorp (NASDAQ:MLVF) traded up 1.28% during trading on Monday, hitting $23.70. 8,501 shares of the stock traded hands. Malvern Bancorp has a 12 month low of $15.00 and a 12 month high of $24.60. The firm has a 50-day moving average price of $22.10 and a 200 day moving average price of $21.32. The firm has a market cap of $152.53 million, a PE ratio of 12.82 and a beta of 0.03.

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

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A number of large investors have recently bought and sold shares of the stock. ClariVest Asset Management LLC boosted its stake in Malvern Bancorp by 5.0% in the first quarter. ClariVest Asset Management LLC now owns 5,759 shares of the savings and loans company’s stock worth $122,000 after buying an additional 272 shares during the last quarter. Morgan Stanley boosted its stake in Malvern Bancorp by 51.9% in the first quarter. Morgan Stanley now owns 8,590 shares of the savings and loans company’s stock worth $180,000 after buying an additional 2,934 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Malvern Bancorp during the fourth quarter worth approximately $736,000. Dimensional Fund Advisors LP boosted its stake in Malvern Bancorp by 9.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 34,840 shares of the savings and loans company’s stock worth $737,000 after buying an additional 3,108 shares during the last quarter. Finally, Emerald Advisers Inc. PA boosted its stake in Malvern Bancorp by 19.6% in the first quarter. Emerald Advisers Inc. PA now owns 40,943 shares of the savings and loans company’s stock worth $862,000 after buying an additional 6,724 shares during the last quarter. 61.16% of the stock is owned by institutional investors.

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