Malvern Bancorp, Inc. (NASDAQ:MLVF) – Piper Sandler analysts have cut their fiscal 2022 earnings per share (EPS) estimates for Malvern Bancorp shares in a research report delivered to clients and investors on Thursday, February 17. Piper Sandler analyst F. Schiraldi now expects the savings and loan company to earn $0.90 per share for the year, down from its previous forecast of $0.91. Piper Sandler also released estimates for Malvern Bancorp Q1 2023 earnings at $0.25 EPS, Q2 2023 earnings at $0.24 EPS, Q3 2023 earnings at $0.25 EPS, Q4 2023 at $0.26 EPS and FY2023 earnings at $1.00 EPS.
Separately, Zacks Investment Research upgraded Malvern Bancorp from a “sell” to a “hold” rating in a Wednesday, February 16 research report.
Malvern Bancorp shares opened at $16.43 on Monday. Malvern Bancorp has a 52-week low of $15.12 and a 52-week high of $19.38. The company’s 50-day simple moving average is $15.87. The company has a debt ratio of 0.59, a quick ratio of 1.12 and a current ratio of 1.11. The stock has a market capitalization of $125.23 million, a PE ratio of -410.75 and a beta of 1.01. Malvern Bancorp Inc (NASDAQ:MLVF) last reported results on Tuesday, February 8. The savings and loan company reported EPS of $0.27 for the quarter, beating Thomson Reuters consensus estimate 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%.
Institutional investors and hedge funds have recently been buying and selling shares of the company. Barclays PLC increased its holdings of Malvern Bancorp shares by 1,487.3% in Q3. Barclays PLC now owns 1,873 shares in the savings and loan company worth $32,000 after buying a further 1,755 shares last quarter. State Street Corp increased its holdings of Malvern Bancorp shares by 5.1% in the second quarter. State Street Corp now owns 50,792 shares of the savings and loan company worth $939,000 after buying 2,447 more shares last quarter. Alliancebernstein LP increased its holdings of Malvern Bancorp shares by 53.6% in Q4. Alliancebernstein LP now owns 303,178 shares of the savings and loan company worth $4,751,000 after buying an additional 105,831 shares last quarter. Wells Fargo & Company MN increased its stake in Malvern Bancorp shares by 3,656.1% in Q4. Wells Fargo & Company MN now owns 1,540 shares of the savings and loan company valued at $25,000 after acquiring 1,499 additional shares in the last quarter. Finally, Bell Rock Capital LLC purchased a new stake in shares of Malvern Bancorp in Q4 valued at approximately $882,000. Hedge funds and other institutional investors own 45.38% of the company’s shares.
Malvern Bancorp Company Profile
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.
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