Short-term stake in Malvern Bancorp, Inc. (NASDAQ:MLVF) increases 133.3%

Malvern Bancorp, Inc. (NASDAQ:MLVF) enjoyed significant growth in short-term interest in January. As of January 31, there were short interests totaling 8,400 shares, a growth of 133.3% from the total of 3,600 shares as of January 15. Based on an average daily volume of 11,600 shares, the short interest rate is currently 0.7 days. Approximately 0.1% of the company’s shares are sold short.

Hedge funds have recently increased or reduced their stakes in the company. State Street Corp increased its stake in Malvern Bancorp by 5.1% during the second quarter. State Street Corp now owns 50,792 shares of the savings and loan company valued at $939,000 after acquiring 2,447 additional shares during the period. Boothbay Fund Management LLC increased its position in Malvern Bancorp shares by 7.2% during the second quarter. Boothbay Fund Management LLC now owns 270,094 shares of the savings and loan company valued at $4,983,000 after purchasing an additional 18,206 shares in the last quarter. Petiole USA ltd acquired a new position in shares of Malvern Bancorp during the fourth quarter valued at approximately $3,134,000. Commonwealth Equity Services LLC acquired a new position in shares of Malvern Bancorp during the fourth quarter valued at approximately $197,000. Finally, Sterling Investment Advisors Ltd. acquired a new position in shares of Malvern Bancorp during the fourth quarter valued at approximately $31,000. Institutional investors hold 49.03% of the company’s shares.

NASDAQ:MLVF shares opened at $16.60 on Friday. The stock has a market capitalization of $126.53 million, a PE ratio of -1,660.00 and a beta of 1.01. Malvern Bancorp has a 1-year low of $15.12 and a 1-year high of $19.38. The company has a fifty-day moving average price of $15.79 and a 200-day moving average price of $16.93. The company has a current ratio of 1.15, a quick ratio of 1.12 and a debt ratio of 0.81.

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Malvern Bancorp Inc (NASDAQ:MLVF) last released quarterly earnings data on Tuesday, February 8. The savings and loan company reported earnings per share (EPS) of $0.27 for the quarter, beating the Zacks consensus estimate of $0.25 by $0.02. Malvern Bancorp had a negative net margin of 0.22% and a negative return on equity of 0.06%. On average, sell-side analysts expect Malvern Bancorp to post earnings per share of 0.91 for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Malvern Bancorp from a “hold” rating to a “strong sell” rating in a report on Friday, Dec. 17.

Malvern Bancorp Company Profile

Malvern Bancorp, Inc is a bank holding company that provides community banking services. It involves attracting deposits from businesses and the general public and investing those deposits, along with borrowings and funds generated from operations, into commercial and multi-family real estate loans, one- to four-family residential real estate loans, construction and development loans, commercial business loans, home equity loans, lines of credit and other consumer loans.

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