Malvern Bancorp (NASDAQ:MLVF) Stock Price Crosses Below Two Hundred Day Moving Average of $16.08

Posted by on Aug 4th, 2022

Malvern Bancorp, Inc. (NASDAQ:MLVF – Get Rating)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $16.08 and traded as low as $15.88. Malvern Bancorp shares last traded at $15.88, with a volume of 931 shares trading hands.

Malvern Bancorp Stock Down 0.7 %

The company has a market cap of $121.09 million, a price-to-earnings ratio of -58.81 and a beta of 0.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.11 and a quick ratio of 1.09. The firm has a 50-day moving average price of $15.92 and a 200 day moving average price of $16.08.

Malvern Bancorp (NASDAQ:MLVF – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The savings and loans company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.09). Malvern Bancorp had a negative return on equity of 1.42% and a negative net margin of 5.39%. The company had revenue of $7.52 million for the quarter, compared to analyst estimates of $7.30 million. Sell-side analysts predict that Malvern Bancorp, Inc. will post 0.86 EPS for the current year.

Institutional Trading of Malvern Bancorp

A number of large investors have recently bought and sold shares of MLVF. Bell Rock Capital LLC bought a new position in Malvern Bancorp in the 4th quarter valued at about $882,000. Petiole USA ltd purchased a new position in shares of Malvern Bancorp during the 4th quarter valued at $3,134,000. FNY Investment Advisers LLC lifted its holdings in shares of Malvern Bancorp by 107.1% during the 2nd quarter. FNY Investment Advisers LLC now owns 26,100 shares of the savings and loans company’s stock worth $419,000 after acquiring an additional 13,500 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Malvern Bancorp during the 4th quarter worth $197,000. Finally, Sterling Investment Advisors Ltd. bought a new stake in Malvern Bancorp in the fourth quarter worth $31,000. 48.13% of the stock is currently owned by institutional investors and hedge funds.

About Malvern Bancorp

(Get Rating)

Malvern Bancorp, Inc operates as the bank holding company for Malvern Bank that provides various banking products and services to consumer and business customers in Pennsylvania. It offers personal and business checking accounts, retirement accounts, money market accounts, and time and savings accounts; safe deposit boxes, credit cards, wire transfers, access to automated teller services, Internet banking, ACH origination, telephone banking, and mobile banking services.

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