Malvern Bancorp, Inc. (NASDAQ:MLVF) sees sharp decline in short-term interest


Malvern Bancorp, Inc. (NASDAQ: MLVF – Get a rating) saw a sharp decline in short-term interest in September. As of September 30, there was short interest totaling 7,200 shares, down 28.0% from the total of 10,000 shares as of September 15. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 7,000 shares, the day-to-cover ratio is currently 1.0 day.

Malvern Bancorp Stock up 0.4%

Shares of MLVF traded up $0.06 during the midday session on Friday, hitting $14.48. 1,786 shares of the stock traded in hands, compared to its average volume of 7,499. Malvern Bancorp has a 52-week low of $14.26 and a 52-week high of $17.89. The stock’s fifty-day moving average is $15.38 and its two-hundred-day moving average is $15.77. The company has a debt ratio of 0.59, a current ratio of 1.10 and a quick ratio of 1.08. The stock has a market capitalization of $110.54 million, a P/E ratio of -60.33 and a beta of 0.78.

Malvern Bancorp (NASDAQ:MLVF – Get a rating) last released its quarterly earnings data on Monday, August 8. The savings and loan company reported EPS of $0.24 for the quarter, beating consensus analyst estimates of $0.23 by $0.01. The company posted revenue of $7.78 million in the quarter, compared to $7.21 million expected by analysts. Malvern Bancorp posted a negative return on equity of 1.26% and a negative net margin of 4.92%. Stock analysts predict that Malvern Bancorp will post an EPS of 0.87 for the current year.

Changes to analyst ratings

Separately, Piper Sandler raised her price target on Malvern Bancorp shares to $19.00 in a Wednesday, October 5 research report.

Malvern Bancorp Institutional Trading

A number of hedge funds have recently bought and sold shares of MLVF. State Street Corp increased its stake in Malvern Bancorp by 11.8% in the second quarter. State Street Corp now owns 12,306 shares of the savings and loan company worth $198,000 after acquiring 1,300 more shares in the last quarter. FNY Investment Advisers LLC bought a new position in Malvern Bancorp during the first quarter worth approximately $202,000. Finally, Kennedy Capital Management Inc. acquired a new equity stake in Malvern Bancorp during the second quarter valued at approximately $434,000. Institutional investors and hedge funds hold 44.51% of the company’s shares.

Malvern Bancorp Company Profile

(Get a rating)

Malvern Bancorp, Inc operates as a bank holding company for Malvern Bank which provides various consumer and business banking products and services in Pennsylvania. It offers personal and business checking accounts, retirement accounts, money market accounts, and time and savings accounts; safe deposit boxes, credit cards, electronic transfers, access to ATM services, Internet banking, ACH assembly, telephone banking and mobile banking.

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