Could Malvern Bancorp, Inc. (MLVF) Decrease Even More? The Stock Formed Bearish Double Bottom Pattern

Investors sentiment increased to 1.29 in 2018 Q2. Its up 0.49, from 0.8 in 2018Q1. It is positive, as 2 investors sold Malvern Bancorp, Inc. shares while 12 reduced holdings. 7 funds opened positions while 11 raised stakes. 3.96 million shares or 0.39% more from 3.94 million shares in 2018Q1 were reported.
Legal & General Group Public Ltd Co reported 931 shares or 0% of all its holdings. Seidman Lawrence B accumulated 8.45% or 454,761 shares. Blackrock Incorporated holds 291,518 shares. Geode Capital Management Lc accumulated 86,686 shares or 0% of the stock. Moreover, Strs Ohio has 0% invested in Malvern Bancorp, Inc. (NASDAQ:MLVF). Clarivest Asset Mngmt Ltd Liability Corp holds 6,361 shares. Bnp Paribas Arbitrage invested in 0% or 215 shares. Emerald Advisers Incorporated Pa has 48,902 shares. Deutsche Bank Ag has 0% invested in Malvern Bancorp, Inc. (NASDAQ:MLVF). Creative Planning holds 10,200 shares or 0% of its portfolio. Bessemer Group holds 0% of its portfolio in Malvern Bancorp, Inc. (NASDAQ:MLVF) for 1,500 shares. California State Teachers Retirement System stated it has 9,787 shares or 0% of all its holdings. Alliancebernstein Lp stated it has 33,070 shares. 653,100 are held by Fj Management Ltd Liability Co. Dimensional Fund Ltd Partnership has invested 0% in Malvern Bancorp, Inc. (NASDAQ:MLVF).

The chart of Malvern Bancorp, Inc. (MLVF) shows a double bottom with $19.44 target or 7.00 % below today’s $20.90 share price. The 8 months chart pattern indicates high risk for the $159.83M company. It was reported on Dec, 2 by Finviz.com. If the $19.44 price target is reached, the company will be worth $11.19M less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.48% or $0.1 during the last trading session, reaching $20.9. About 13,386 shares traded. Malvern Bancorp, Inc. (NASDAQ:MLVF) has declined 0.20% since December 2, 2017 and is downtrending. It has underperformed by 15.82% the S&P500.

Malvern Bancorp, Inc. (NASDAQ:MLVF) Ratings Coverage

Among 2 analysts covering Malvern Federal Bancorp (NASDAQ:MLVF), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Malvern Federal Bancorp had 2 analyst reports since June 25, 2018 according to SRatingsIntel. Wood downgraded the stock to “Market Perform” rating in Friday, October 5 report. The stock has “Hold” rating by Sandler O’Neill on Monday, June 25.

More notable recent Malvern Bancorp, Inc. (NASDAQ:MLVF) news were published by: Globenewswire.com which released: “Malvern Bancorp, Inc. Appoints National/International Businessman, Michael Moss, to Its Board – GlobeNewswire” on March 26, 2015, also Nasdaq.com with their article: “Malvern Bancorp, Inc. Announces Commencement of $25.0 Million Public Offering of Common Stock – Nasdaq” published on October 01, 2018, Globenewswire.com published: “Malvern Bancorp, Inc., Announces Restatement of Specified Financial Statements – GlobeNewswire” on November 28, 2017. More interesting news about Malvern Bancorp, Inc. (NASDAQ:MLVF) were released by: Investorplace.com and their article: “10 “Best of the Best” Stocks to Buy for 2017 – Investorplace.com” published on December 16, 2016 as well as Seekingalpha.com‘s news article titled: “Malvern Bancorp announces pricing of common stock – Seeking Alpha” with publication date: October 04, 2018.

Malvern Bancorp, Inc. operates as the holding firm for Malvern Federal Savings Bank that provides various banking services and products to consumer and business clients in Pennsylvania. The company has market cap of $159.83 million. The firm 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. It has a 18.5 P/E ratio. It also provides residential mortgage loans, such as one class and one-to four-family first lien residential mortgage loans; residential and commercial construction loans, and land loans; commercial loans, including commercial real estate loans, multi-family real estate loans, industrial loans, and commercial business loans; and consumer loans, such as home equity lines of credit, second mortgage loans, and unsecured consumer lines of credit.

Malvern Bancorp, Inc. (NASDAQ:MLVF) Institutional Positions Chart

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