Sandler O’Neill set a $28.00 price objective on Malvern Bancorp (NASDAQ:MLVF) in a research report sent to investors on Wednesday. The firm currently has a hold rating on the savings and loans company’s stock.
Shares of Malvern Bancorp (MLVF) traded up $0.60 during mid-day trading on Wednesday, reaching $24.55. The company’s stock had a trading volume of 8,839 shares, compared to its average volume of 5,533. The company has a market capitalization of $157.42, a P/E ratio of 12.79 and a beta of 0.03. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.21 and a current ratio of 1.21. Malvern Bancorp has a 1-year low of $19.35 and a 1-year high of $28.20.
Hedge funds have recently modified their holdings of the business. New York State Common Retirement Fund bought a new stake in Malvern Bancorp in the second quarter worth approximately $165,000. The Manufacturers Life Insurance Company bought a new stake in Malvern Bancorp in the second quarter worth approximately $171,000. Schwab Charles Investment Management Inc. bought a new stake in Malvern Bancorp in the second quarter worth approximately $252,000. California State Teachers Retirement System bought a new stake in Malvern Bancorp in the second quarter worth approximately $273,000. Finally, Teachers Advisors LLC bought a new stake in Malvern Bancorp in the second quarter worth approximately $275,000. Institutional investors and hedge funds own 66.16% of the company’s stock.
About Malvern Bancorp
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.
Receive News & Ratings for Malvern Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Malvern Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.