Malvern Bancorp, Inc. (NASDAQ:MLVF) Brief Interest Update
Malvern Bancorp, Inc. (NASDAQ: MLVF – Get a rating) benefited from a significant drop in short interest in February. As of February 28, there was short interest totaling 6,700 shares, down 24.7% from February 13’s total of 8,900 shares. About 0.1% of the stock’s shares are sold short. Based on an average trading volume of 11,100 shares, the short-term interest rate ratio is currently 0.6 days.
Separately, Zacks Investment Research downgraded Malvern Bancorp from a “hold” rating to a “sell” rating in a Tuesday, February 22 research report.
Shares of NASDAQ:MLVF traded down $0.07 in midday trading on Tuesday, hitting $16.40. The stock had a trading volume of 173 shares, compared to an average volume of 9,157 shares. The company has a debt ratio of 0.59, a quick ratio of 1.10 and a current ratio of 1.11. The company has a market capitalization of $124.98 million, a P/E ratio of -411.75 and a beta of 0.98. Malvern Bancorp has a 1-year low of $15.12 and a 1-year high of $19.33. The company has a 50-day moving average of $16.09.
Malvern Bancorp (NASDAQ:MLVF – Get a rating) last released its results on Tuesday, February 8. The savings and loan company reported EPS of $0.27 for the quarter, beating analyst consensus estimates of $0.25 by $0.02. Malvern Bancorp posted a negative return on equity of 0.24% and a negative net margin of 0.87%. As a group, equity research analysts expect Malvern Bancorp to post 0.9 EPS for the current year.
Major investors have recently been buying and selling stocks. Petiole USA ltd purchased a new stake in Malvern Bancorp during the fourth quarter valued at approximately $3,134,000. Alliancebernstein LP increased its position in Malvern Bancorp by 53.6% during the fourth quarter. Alliancebernstein LP now owns 303,178 shares of the savings and loan company valued at $4,751,000 after purchasing an additional 105,831 shares during the period. Bell Rock Capital LLC acquired a new stake in Malvern Bancorp during the fourth quarter valued at approximately $882,000. Commonwealth Equity Services LLC acquired a new stake in Malvern Bancorp during the fourth quarter valued at approximately $197,000. Finally, State Street Corp increased its position in Malvern Bancorp by 5.1% during the second quarter. State Street Corp now owns 50,792 shares of the savings and loan company valued at $939,000 after purchasing 2,447 additional shares during the period. Institutional investors hold 45.38% of the company’s shares.
Malvern Bancorp Company Profile (Get a rating)
Malvern Bancorp, Inc is a bank holding company that provides community banking services. It involves attracting deposits from businesses and the general public and investing those deposits, along with borrowings and funds generated from operations, into commercial and multi-family real estate loans, one- to four-family residential real estate loans, construction and development loans, commercial business loans, home equity loans, lines of credit and other consumer loans.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Malvern Bancorp right now?
Before you consider Malvern Bancorp, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Malvern Bancorp was not on the list.
Although Malvern Bancorp currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here