Zacks: Malvern Bancorp Inc (MLVF) Given Average Recommendation of “Strong Buy” by Analysts
Malvern Bancorp Inc (NASDAQ:MLVF) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Zacks has also assigned Malvern Bancorp an industry rank of 165 out of 255 based on the ratings given to related companies.
Separately, Sandler O’Neill lowered shares of Malvern Bancorp from a “buy” rating to a “hold” rating and set a $28.00 price objective on the stock. in a report on Monday, June 25th.
Malvern Bancorp stock remained flat at $$24.70 during mid-day trading on Thursday. 485 shares of the company’s stock were exchanged, compared to its average volume of 7,681. The firm has a market cap of $161.42 million, a price-to-earnings ratio of 20.12 and a beta of -0.14. Malvern Bancorp has a 12 month low of $21.00 and a 12 month high of $28.20. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.20 and a current ratio of 1.20.
Malvern Bancorp (NASDAQ:MLVF) last released its earnings results on Thursday, August 2nd. The savings and loans company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.01). The business had revenue of $7.69 million for the quarter. Malvern Bancorp had a return on equity of 7.56% and a net margin of 15.63%.
Malvern Bancorp Company Profile
Malvern Bancorp, Inc operates as a bank holding company for Malvern Federal Savings Bank, which engages in business of attracting deposits from the general public and originating residential and commercial mortgage loans, consumer loans and other loans. Its principal sources of funds are deposits, repayments of loans and investment securities, maturities of investments and interest bearing deposits.
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