Malvern Bancorp, Inc. (MLVF) Set to Announce Earnings on Tuesday
Malvern Bancorp, Inc. (NASDAQ:MLVF) is scheduled to release its earnings data before the market opens on Tuesday, October 24th. Analysts expect Malvern Bancorp to post earnings of $0.29 per share for the quarter.
Malvern Bancorp (NASDAQ:MLVF) last posted its quarterly earnings data on Wednesday, July 26th. The savings and loans company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.07. Malvern Bancorp had a return on equity of 6.64% and a net margin of 37.03%. The business had revenue of $7.21 million for the quarter. On average, analysts expect Malvern Bancorp to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Malvern Bancorp, Inc. (NASDAQ MLVF) opened at 27.50 on Tuesday. The stock has a market cap of $177.07 million, a price-to-earnings ratio of 14.34 and a beta of -0.02. The stock’s 50 day moving average price is $25.36 and its 200-day moving average price is $23.56. Malvern Bancorp, Inc. has a 52-week low of $16.36 and a 52-week high of $27.50.
Separately, Sandler O’Neill assumed coverage on shares of Malvern Bancorp in a report on Monday, June 19th. They issued a “hold” rating and a $24.00 price target on the stock.
Hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new position in shares of Malvern Bancorp in the 2nd quarter valued at $171,000. California State Teachers Retirement System purchased a new position in shares of Malvern Bancorp in the 2nd quarter valued at $273,000. Finally, State Street Corp purchased a new position in shares of Malvern Bancorp in the 2nd quarter valued at $1,786,000. 65.68% of the stock is currently owned by institutional investors and hedge funds.
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Malvern Bancorp Company Profile
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.
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