Market Overview

KBW Upgrades Malvern Bancorp After Meeting With Its CEO

Share:

In a report published Monday, analysts at Keefe, Bruyette & Woods upgraded the rating on Malvern Bancorp, Inc. (NASDAQ: MLVF) from Market Perform to Outperform. The price target was raised from $13 to $16. The meeting with CEO Tony Weagley increased the analysts' confidence in the company's profitability and growth prospects.

The company has been witnessing a "positive operating momentum," while its profitability has been increasing, driven by the new management team. In addition, the analysts believe that "[c]ontinued growth in earnings power should reflect stable expenses as revenue-generating headcount investments are funded by saves in other areas. We would expect loan growth to accelerate to drive revenue expansion on this relatively stable expense base."

The positive outlook for Malvern Bancorp, according to the report, is further supported by the robust demographics of the Main Line Philadelphia business, along with capital flexibility and DTA recovery, which is expected to drive organic growth.

The company had posted its EPS for F2Q15 ahead of the estimate, a trend the analysts believe is sustainable. The EPS estimates for 2015 and 2016 have accordingly been raised from $0.26 and $0.47 to $0.44 and $0.76, respectively.

Latest Ratings for MLVF

DateFirmActionFromTo
Aug 2020Piper SandlerMaintainsNeutral
Oct 2018Keefe Bruyette & WoodsDowngradesOutperformMarket Perform
Jun 2017Sandler O'NeillInitiates Coverage OnHold

View More Analyst Ratings for MLVF
View the Latest Analyst Ratings

 

Related Articles (MLVF)

View Comments and Join the Discussion!

Posted-In: Keefe Bruyette & WoodsAnalyst Color Upgrades Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
NUVACanaccord GenuityDowngrades52.0
SYKCanaccord GenuityMaintains234.0
TEAMCanaccord GenuityMaintains225.0
SHAKCowen & Co.Maintains62.0
CRTODA DavidsonMaintains18.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com