Malvern Bancorp Inc (NASDAQ:MLVF) Short Interest Update

Malvern Bancorp Inc (NASDAQ:MLVF) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 100,100 shares, an increase of 47.2% from the June 15th total of 68,000 shares. Based on an average daily volume of 28,100 shares, the short-interest ratio is presently 3.6 days. Approximately 1.4% of the shares of the company are short sold.

Shares of NASDAQ:MLVF traded down $0.23 during midday trading on Friday, reaching $12.47. The company’s stock had a trading volume of 26,094 shares, compared to its average volume of 72,099. Malvern Bancorp has a fifty-two week low of $10.06 and a fifty-two week high of $23.75. The company has a market capitalization of $95.19 million, a P/E ratio of 9.74 and a beta of 0.84. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.25 and a quick ratio of 1.25. The business’s fifty day simple moving average is $11.81 and its 200-day simple moving average is $16.25.

Malvern Bancorp (NASDAQ:MLVF) last announced its quarterly earnings data on Wednesday, May 6th. The savings and loans company reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. The firm had revenue of $7.76 million during the quarter, compared to analyst estimates of $7.57 million. Malvern Bancorp had a return on equity of 6.87% and a net margin of 19.16%. On average, analysts forecast that Malvern Bancorp will post 0.75 earnings per share for the current fiscal year.

In related news, Director James W. Barrett acquired 8,535 shares of the business’s stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $11.88 per share, with a total value of $101,395.80. Following the completion of the acquisition, the director now owns 11,653 shares in the company, valued at $138,437.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Howard Kent acquired 8,100 shares of the business’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of $10.62 per share, with a total value of $86,022.00. Following the completion of the acquisition, the director now owns 147,161 shares of the company’s stock, valued at approximately $1,562,849.82. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 29,427 shares of company stock worth $330,102. Corporate insiders own 3.90% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Penn Capital Management Co. Inc. increased its position in Malvern Bancorp by 1.3% in the fourth quarter. Penn Capital Management Co. Inc. now owns 44,564 shares of the savings and loans company’s stock worth $1,029,000 after purchasing an additional 569 shares during the period. Bell Rock Capital LLC increased its position in Malvern Bancorp by 2.8% in the first quarter. Bell Rock Capital LLC now owns 51,939 shares of the savings and loans company’s stock worth $636,000 after purchasing an additional 1,428 shares during the period. Wells Fargo & Company MN increased its position in Malvern Bancorp by 17.9% in the first quarter. Wells Fargo & Company MN now owns 18,991 shares of the savings and loans company’s stock worth $233,000 after purchasing an additional 2,881 shares during the period. UBS Group AG increased its position in Malvern Bancorp by 40.4% in the fourth quarter. UBS Group AG now owns 10,086 shares of the savings and loans company’s stock worth $233,000 after purchasing an additional 2,904 shares during the period. Finally, State Street Corp increased its position in Malvern Bancorp by 2.3% in the first quarter. State Street Corp now owns 127,003 shares of the savings and loans company’s stock worth $1,556,000 after purchasing an additional 2,911 shares during the period. Hedge funds and other institutional investors own 61.11% of the company’s stock.

MLVF has been the subject of a number of research reports. TheStreet upgraded Malvern Bancorp from a “d+” rating to a “c-” rating in a research note on Tuesday, June 30th. ValuEngine upgraded Malvern Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Zacks Investment Research upgraded Malvern Bancorp from a “sell” rating to a “hold” rating in a research note on Tuesday, June 2nd.

Malvern Bancorp Company Profile

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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