Shares of Malvern Bancorp, Inc. (NASDAQ:MLVF) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Analysts have set a 1-year consensus price objective of $24.00 for the company, according to Zacks. Zacks has also given Malvern Bancorp an industry rank of 114 out of 265 based on the ratings given to its competitors.
Several institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of Malvern Bancorp by 2,193.3% during the third quarter. Wells Fargo & Company MN now owns 12,613 shares of the savings and loans company’s stock worth $338,000 after acquiring an additional 12,063 shares during the period. Quantum Capital Management acquired a new position in shares of Malvern Bancorp during the third quarter worth about $721,000. Bank of New York Mellon Corp increased its stake in shares of Malvern Bancorp by 17.2% during the third quarter. Bank of New York Mellon Corp now owns 21,180 shares of the savings and loans company’s stock worth $566,000 after acquiring an additional 3,110 shares during the period. California State Teachers Retirement System acquired a new position in shares of Malvern Bancorp during the second quarter worth about $273,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Malvern Bancorp during the second quarter worth about $171,000. Institutional investors and hedge funds own 66.16% of the company’s stock.
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About Malvern Bancorp
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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