The stock of Malvern Bancorp, Inc. (NASDAQ:MLVF) reached all time high today, Nov, 24 and still has $22.09 target or 8.00% above today’s $20.45 share price. This indicates more upside for the $127.60 million company. This technical setup was reported by Barchart.com. If the $22.09 PT is reached, the company will be worth $10.21 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 5.41% or $1.05 on November 23, hitting $20.45. About 84,515 shares traded hands or 411.93% up from the average. Malvern Bancorp, Inc. (NASDAQ:MLVF) has risen 30.09% since April 22, 2016 and is uptrending. It has outperformed by 24.68% the S&P500.
Analysts await Malvern Bancorp, Inc. (NASDAQ:MLVF) to report earnings on January, 25.
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 decreased to 1.67 in 2016 Q2. Its down 2.00, from 3.67 in 2016Q1. The ratio turned negative, 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.
Alliancebernstein L P accumulated 0% or 110,950 shares. The New York-based Morgan Stanley has invested 0% in Malvern Bancorp, Inc. (NASDAQ:MLVF). Fj Cap Management Ltd Llc last reported 303,000 shares in the company. Seidman Lawrence B owns 453,486 shares or 4.85% of their US portfolio. Moreover, Blair William And Il has 0% invested in Malvern Bancorp, Inc. (NASDAQ:MLVF) for 25,000 shares. Emerald Mutual Fund Advisers Trust reported 259,003 shares or 0.23% of all its holdings. Creative Planning owns 10,000 shares or 0% of their US portfolio. Vanguard Grp Incorporated Inc last reported 0% of its portfolio in the stock. The Massachusetts-based Wellington Mgmt Gp Ltd Liability Partnership has invested 0% in Malvern Bancorp, Inc. (NASDAQ:MLVF). Beese Fulmer Invest Management Inc has invested 0.07% of its portfolio in Malvern Bancorp, Inc. (NASDAQ:MLVF). Ejf Cap Llc has invested 0.8% of its portfolio in Malvern Bancorp, Inc. (NASDAQ:MLVF). Moreover, Mufg Americas Corporation has 0% invested in Malvern Bancorp, Inc. (NASDAQ:MLVF) for 370 shares. Emerald Advisers Pa, a Pennsylvania-based fund reported 63,833 shares. Clark Estates Inc Ny has 0.17% invested in the company for 55,782 shares. Oppenheimer Close Ltd, a New York-based fund reported 97,926 shares.
More important recent Malvern Bancorp, Inc. (NASDAQ:MLVF) news were published by: Globenewswire.com which released: “Malvern Bancorp, Inc. Appoints Experienced Fund Manager to its Board” on June 29, 2016, also Nasdaq.com published article titled: “Malvern Bancorp, Inc. Appoints Andrew Fish 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: Finance.Yahoo.com and their article: “Malvern Bancorp posts 4Q profit” with publication date: October 26, 2016.
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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