The stock of Malvern Bancorp, Inc. (NASDAQ:MLVF) hit a new 52-week high and has $35.76 target or 95.00% above today’s $18.34 share price. The 9 months bullish chart indicates low risk for the $116.78M company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $35.76 price target is reached, the company will be worth $110.94M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 41,450 shares traded hands or 420.27% up from the average. Malvern Bancorp, Inc. (NASDAQ:MLVF) has risen 8.40% since April 1, 2016 and is uptrending. It has outperformed by 7.19% the S&P500.
Analysts await Malvern Bancorp, Inc. (NASDAQ:MLVF) to report earnings on November, 4.
Malvern Bancorp, Inc. (NASDAQ:MLVF) Ratings Coverage
Out of 2 analysts covering Malvern Bancorp (NASDAQ:MLVF), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Malvern Bancorp has been the topic of 2 analyst reports since August 5, 2015 according to StockzIntelligence Inc.
According to Zacks Investment Research, “Malvern Bancorp, Inc. is the holding company for Malvern Federal Savings Bank. Malvern Federal Savings Bank is a federally-chartered, FDIC-insured savings bank engaged in attracting deposits from the general public and using those funds to invest in loans and investment securities. Malvern Bancorp, Inc., formerly known as Malvern Federal Bancorp, Inc., is headquartered in Paoli, Pennsylvania.”
Insitutional Activity: The institutional sentiment increased to 3.67 in Q2 2016. Its up 2.11, from 1.56 in 2016Q1. The ratio is positive, as 0 funds sold all Malvern Bancorp, Inc. shares owned while 3 reduced positions. 3 funds bought stakes while 8 increased positions. They now own 6.42 million shares or 101.06% more from 3.19 million shares in 2016Q1.
Rmb Capital Mgmt Limited Company owns 92,571 shares or 0.08% of their US portfolio. Wellington Management Llp reported 47,252 shares or 0% of all its holdings. Minerva Advsr Limited accumulated 120,000 shares or 1.27% of the stock. Ejf Limited Liability Corporation last reported 549,187 shares in the company. Clover Limited Partnership last reported 494,490 shares in the company. The New York-based Maltese Mngmt Lc has invested 0.13% in Malvern Bancorp, Inc. (NASDAQ:MLVF). Deutsche Savings Bank Ag reported 3,016 shares or 0% of all its holdings. Blair William And Il, a Illinois-based fund reported 25,000 shares. The Pennsylvania-based Emerald Advisers Pa has invested 0.05% in Malvern Bancorp, Inc. (NASDAQ:MLVF). Moreover, Wells Fargo Company Mn has 0% invested in Malvern Bancorp, Inc. (NASDAQ:MLVF) for 300 shares. Oppenheimer Close Ltd Co accumulated 1.44% or 97,926 shares. The Virginia-based Fj Cap Mgmt Limited Liability Company has invested 0.94% in Malvern Bancorp, Inc. (NASDAQ:MLVF). Wedge Cap L Limited Partnership Nc last reported 16,600 shares in the company. Blackrock Fund holds 0% or 1,068 shares in its portfolio. Mufg Americas Holdings accumulated 370 shares or 0% of the stock.
More important recent Malvern Bancorp, Inc. (NASDAQ:MLVF) news were published by: Nasdaq.com which released: “Malvern Bancorp, Inc. Appoints Andrew Fish to its Board” on October 27, 2016, also Globenewswire.com published article titled: “Malvern Bancorp, Inc. Appoints Experienced Fund Manager to its Board”, Globenewswire.com published: “Malvern Bancorp, Inc. Appoints National/International Businessman, Michael …” on March 26, 2015. More interesting news about Malvern Bancorp, Inc. (NASDAQ:MLVF) was released by: Globenewswire.com and their article: “Malvern Bancorp CEO Announces Key Executive Appointments” with publication date: May 27, 2015.
MLVF Company Profile
Malvern Bancorp, Inc., incorporated May 16, 2012, is a the holding firm for Malvern Federal Savings Bank (the Bank). The Bank is a federally chartered savings bank. The Bank had eight full service financial center offices in Chester and Delaware Counties, Pennsylvania, during the year ended December 31, 2012. The Bankâ€™s principal sources of funds are deposits, repayments of loans and investment securities, maturities of investments and interest-bearing deposits, other funds provided from activities and wholesale funds borrowed from outside sources, such as the Federal Home Loan Bank of Pittsburgh (FHLB). These funds are primarily used for the origination of various loan types including single-family residential mortgage loans, commercial real estate mortgage loans, construction and development loans, home equity loans and lines of credit and other consumer loans.
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