Malvern Bancorp (NASDAQ:MLVF) received a $28.00 price target from investment analysts at Sandler O’Neill in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the savings and loans company’s stock. Sandler O’Neill’s price objective would suggest a potential upside of 16.91% from the stock’s current price.

Shares of Malvern Bancorp (NASDAQ:MLVF) opened at $23.95 on Wednesday. Malvern Bancorp has a 52 week low of $19.35 and a 52 week high of $28.20. The company has a debt-to-equity ratio of 1.42, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $169.57, a P/E ratio of 23.48 and a beta of 0.03.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MLVF. New York State Common Retirement Fund bought a new stake in shares of Malvern Bancorp during the second quarter valued at approximately $165,000. The Manufacturers Life Insurance Company bought a new stake in shares of Malvern Bancorp during the second quarter valued at approximately $171,000. Schwab Charles Investment Management Inc. bought a new stake in shares of Malvern Bancorp during the second quarter valued at approximately $252,000. California State Teachers Retirement System bought a new stake in shares of Malvern Bancorp during the second quarter valued at approximately $273,000. Finally, Teachers Advisors LLC bought a new stake in shares of Malvern Bancorp during the second quarter valued at approximately $275,000. 66.16% of the stock is currently owned by institutional investors and hedge funds.

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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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