Short-term stake in Malvern Bancorp, Inc. (NASDAQ:MLVF) drops 27.9%

Malvern Bancorp, Inc. (NASDAQ: MLVF – Get a rating) benefited from a sharp fall in short-term interest rates in April. As of April 30, there was short interest totaling 4,400 shares, down 27.9% from April 15’s total of 6,100 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 6,600 shares, the short interest rate is currently 0.7 days.

Separately, Zacks Investment Research cut shares of Malvern Bancorp from a “hold” rating to a “strong sell” rating in a research note on Saturday.

Several institutional investors have recently increased or reduced their stake in MLVF. Barclays PLC increased its holdings of Malvern Bancorp shares by 1,487.3% during the third quarter. Barclays PLC now owns 1,873 shares in the savings and loan company worth $32,000 after buying a further 1,755 shares last quarter. Alliancebernstein LP increased its holdings of Malvern Bancorp shares by 1.9% during the third quarter. Alliancebernstein LP now owns 197,347 shares of the savings and loan company worth $3,353,000 after buying 3,757 additional shares last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Malvern Bancorp during the fourth quarter at a value of $197,000. Sterling Investment Advisors Ltd. bought a new stake in shares of Malvern Bancorp during the fourth quarter at a value of $31,000. Finally, Petiole USA ltd purchased a new equity stake in Malvern Bancorp during the fourth quarter at a value of $3,134,000. 48.13% of the shares are held by institutional investors and hedge funds.

NASDAQ MLVF shares opened at $15.73 on Friday. The company has a market capitalization of $119.86 million, a PE ratio of -58.26 and a beta of 0.90. The company has a fifty-day moving average of $16.27 and a 200-day moving average of $16.21. The company has a debt ratio of 0.59, a quick ratio of 1.10 and a current ratio of 1.11. Malvern Bancorp has a one-year low of $15.12 and a one-year high of $19.07.

Malvern Bancorp (NASDAQ:MLVF – Get a rating) last released its quarterly results on Tuesday, May 10. The savings and loan company reported EPS of $0.07 for the quarter, missing the consensus estimate of $0.16 per ($0.09). Malvern Bancorp posted a negative return on equity of 1.41% and a negative net margin of 5.39%. On average, stock analysts predict Malvern Bancorp will post an EPS of 0.84 for the current fiscal year.

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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