View Financial HealthThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsMalvern Bancorp 배당 및 자사주 매입배당 기준 점검 0/6Malvern Bancorp 배당금을 지급한 기록이 없습니다.핵심 정보0%배당 수익률0%자사주 매입 수익률총 주주 수익률0%미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향0%최근 배당 및 자사주 매입 업데이트업데이트 없음모든 업데이트 보기Recent updatesReported Earnings • May 14Second quarter 2023 earnings released: EPS: US$0.075 (vs US$0.069 in 2Q 2022)Second quarter 2023 results: EPS: US$0.075 (up from US$0.069 in 2Q 2022). Revenue: US$6.71m (down 11% from 2Q 2022). Net income: US$571.0k (up 9.4% from 2Q 2022). Profit margin: 8.5% (up from 6.9% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Reported Earnings • Feb 10First quarter 2023 earnings released: EPS: US$0.25 (vs US$0.27 in 1Q 2022)First quarter 2023 results: EPS: US$0.25 (down from US$0.27 in 1Q 2022). Revenue: US$8.16m (up 3.5% from 1Q 2022). Net income: US$1.91m (down 5.4% from 1Q 2022). Profit margin: 23% (down from 26% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.공시 • Jan 11Malvern Bancorp, Inc., Annual General Meeting, Feb 23, 2023Malvern Bancorp, Inc., Annual General Meeting, Feb 23, 2023, at 10:00 US Eastern Standard Time. Agenda: To consider elect seven directors for a one-year term expiring in 2024 and until their successors are elected and qualified; to consider adopt a non-binding resolution to approve the compensation of our named executive officers; to consider ratify the appointment of Wolf & Company, P.C. as our independent registered public accounting firm for the fiscal year ending September 30, 2023; and to consider other matters.공시 • Dec 15First Bank (NasdaqGM:FRBA) entered into a definitive merger agreement to acquire Malvern Bancorp, Inc. (NasdaqGM:MLVF) for approximately $150 million.First Bank (NasdaqGM:FRBA) entered into a definitive merger agreement to acquire Malvern Bancorp, Inc. (NasdaqGM:MLVF) for approximately $150 million on December 13, 2022. According to terms of the merger agreement, Malvern Bancorp, Inc. shareholders will receive 0.7733 shares of First Bank common stock and $7.80 in cash per each Malvern Bancorp, Inc. common share outstanding. First Bank expects to issue approximately 5.9 million new shares of First Bank common stock and $59.4 million in cash consideration to consummate this transaction. This Agreement provides for the acquisition of Malvern by First Bank pursuant to the merger of Malvern with and into First Bank with First Bank as the surviving corporation. The Agreement provides certain termination rights for both First Bank and Malvern and further provides that a termination fee of $5.9 million will be payable by Malvern upon termination of the Agreement under certain circumstances. The merger subject to the approval of First Bank and Malvern Bancorp, Inc. shareholders, as well as customary regulatory approvals including the approval for listing on the Nasdaq Global Select Market of the First Bank Common Stock to be issued in the Merger and Malvern shall have caused Malvern Bank to execute and deliver the Bank Merger Agreement to First Bank. The merger has been unanimously approved by the boards of directors of First Bank and Malvern. In connection with the Agreement, First Bank entered into Voting Agreements with Malvern and each director of Malvern and certain Malvern Insiders, in their capacity as shareholders of Malvern, who beneficially own in the aggregate approximately 5.6% of the outstanding shares of Malvern Common Stock. Transaction is expected to be completed in the second quarter of 2023. The transaction will be significantly and immediately accretive to First Bank earnings per share and that the earn back on tangible book dilution to be under two and a half years. Kirk Steven Hovde and William Davis D. Curtiss of Hovde Group, LLC acted as financial advisor to First Bank and Piper Sandler & Co. acted as financial advisor and fairness opinion provider to Malvern Bancorp, Inc. Lawrence Spaccasi and Marc Levy of Luse Gorman, PC provided legal counsel to First Bank and Paul Aguggia of Holland & Knight LLP provided legal counsel to Malvern Bancorp, Inc.Valuation Update With 7 Day Price Move • Dec 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to US$17.75, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 9x in the Banks industry in the US. Total loss to shareholders of 22% over the past three years.Reported Earnings • Dec 07Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: US$0.92 (up from US$0.012 loss in FY 2021). Revenue: US$31.6m (up 53% from FY 2021). Net income: US$6.95m (up US$7.04m from FY 2021). Profit margin: 22% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%. Revenue is expected to decline by 1.4% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 6.2%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Director Julia Corelli was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 17Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: US$0.24 (up from US$0.21 in 3Q 2021). Revenue: US$7.78m (down 1.9% from 3Q 2021). Net income: US$1.83m (up 15% from 3Q 2021). Profit margin: 24% (up from 20% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 42%, compared to a 16% growth forecast for the Banks industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.Seeking Alpha • Aug 08Malvern Federal Bancorp GAAP EPS of $0.24 beats by $0.01, revenue of $7.77M beats by $0.56MMalvern Federal Bancorp press release (NASDAQ:MLVF): Q3 GAAP EPS of $0.24 beats by $0.01. Revenue of $7.77M (-1.9% Y/Y) beats by $0.56M.Reported Earnings • May 13Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: US$0.069 (down from US$0.29 in 2Q 2021). Revenue: US$7.52m (down 5.7% from 2Q 2021). Net income: US$522.0k (down 77% from 2Q 2021). Profit margin: 6.9% (down from 28% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 56%. Over the next year, revenue is forecast to grow 37%, compared to a 10.0% growth forecast for the industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.공시 • May 12Malvern Bancorp, Inc. Announces Impairment Charges for the Quarter Ended March 31, 2022Malvern Bancorp, Inc. announced impairment charges for the quarter ended March 31, 2022. For the period, the company reported net charge-offs of $736,000 compared to $434,000 a year ago.Price Target Changed • Apr 27Price target decreased to US$18.00Down from US$20.00, the current price target is provided by 1 analyst. New target price is 13% above last closing price of US$15.94. Stock is down 13% over the past year. The company is forecast to post earnings per share of US$0.92 next year compared to a net loss per share of US$0.012 last year.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. Independent Director Jamie Barrett was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.Board Change • Mar 29Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Jamie Barrett was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.공시 • Feb 12Malvern Bancorp, Inc. Appoints Sandra G. M. Selzer as Executive Vice President, General CounselMalvern Bancorp, Inc. (the “Company”), the parent company of Malvern Bank, National Association (the “Bank”), has announced the appointment of Sandra G. M. Selzer as Executive Vice President, General Counsel. In this role, Sandra will be overseeing the legal function of the Company and the Bank. Sandra has nearly two decades of experience as a corporate attorney, most recently serving as Associate In-house Counsel for developer Phoenix RHCS, LLC. in Wilmington, DE. She also previously served as a Partner with the law firm MacElree Harvey, LTD, and a Senior Associate Attorney with the law firm Greenberg Traurig LLP.공시 • Feb 09Malvern Bancorp, Inc. Reports Net Charge Off for the First Quarter Ended December 31, 2021Malvern Bancorp, Inc. reported net charge off for the first quarter ended December 31, 2021. For the quarter, the company reported net charge-off of $1,436,000.공시 • Dec 30Malvern Bancorp, Inc. announced delayed annual 10-K filingOn 12/29/2021, Malvern Bancorp, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.Price Target Changed • Dec 15Price target decreased to US$18.00Down from US$20.00, the current price target is provided by 1 analyst. New target price is 14% above last closing price of US$15.84. Stock is down 6.7% over the past year. The company is forecast to post earnings per share of US$1.06 for next year compared to US$0.085 last year.Reported Earnings • Aug 11Third quarter 2021 earnings released: EPS US$0.21 (vs US$0.19 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: US$7.92m (up 20% from 3Q 2020). Net income: US$1.60m (up 10% from 3Q 2020). Profit margin: 20% (down from 22% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Major Estimate Revision • May 18Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from US$30.1m to US$29.4m. EPS estimate rose from US$1.04 to US$1.16. Net income forecast to grow 267% next year vs 7.5% growth forecast for Banks industry in the US. Consensus price target of US$20.00 unchanged from last update. Share price fell 2.7% to US$18.30 over the past week.Price Target Changed • May 16Price target increased to US$20.00Up from US$18.00, the current price target is provided by 1 analyst. New target price is 10% above last closing price of US$18.12. Stock is up 72% over the past year.Reported Earnings • May 16Second quarter 2021 earnings released: EPS US$0.29 (vs US$0.25 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$7.97m (up 12% from 2Q 2020). Net income: US$2.22m (up 17% from 2Q 2020). Profit margin: 28% (up from 27% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.공시 • Feb 28Malvern Bancorp Receives Non Compliance Letter from NasdaqMalvern Bancorp, Inc. announced on February 26, 2021 that it received a notification letter on February 23, 2021 from The Nasdaq Stock Market (“Nasdaq”). The notification letter stated that because the Company has not yet filed its Form 10-Q for the first fiscal quarter end December 31, 2020 (the “Form 10-Q”), and therefore remains delinquent in filing its Form 10-Q, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports with the Securities and Exchange Commission (the “SEC”). The notification letter states that the Company has until April 24, 2021 to submit a plan to Nasdaq as to how it plans to regain compliance with Nasdaq’s continued listing requirements. Upon acceptance of the Company’s compliance plan, Nasdaq is permitted to grant an extension of up to 180 calendar days from the prescribed 10-Q filing date, or until August 23, 2021, for the Company to regain compliance. The Company plans to file the Form 10-Q with the SEC as soon as practicable and believes it will meet all requirements for continued listing prior to April 24, 2021. The notification of noncompliance from Nasdaq has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq.공시 • Feb 18Malvern Bancorp, Inc. announced delayed 10-Q filingOn 02/16/2021, Malvern Bancorp, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • Jan 30Malvern Bancorp, Inc., Annual General Meeting, Mar 10, 2021Malvern Bancorp, Inc., Annual General Meeting, Mar 10, 2021, at 09:30 US Eastern Standard Time. Agenda: To elect eight directors for a one-year term expiring in 2022 and until their successors are elected and qualified; to adopt a non-binding resolution to approve the compensation of our named executive officers; to ratify the appointment of Baker Tilly US, LLP as independent registered public accounting firm for the fiscal year ending September 30, 2021; and to transact such other business as may properly come before the meeting or at any adjournment thereof.공시 • Jan 22Malvern Bancorp Receives Non Compliance Letter from NasdaqMalvern Bancorp, Inc. announced on January 20, 2021 that it received a notification letter on January 14, 2021 from The Nasdaq Stock Market (“Nasdaq”). The notification letter stated that because the Company has not yet filed its Form 10-K for the fiscal year end September 30, 2020 (the “Form 10-K”), and therefore remains delinquent in filing its Form 10-K, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports with the Securities and Exchange Commission (the “SEC”). The Company plans to file the Form 10-K with the SEC as soon as practicable and believes it will meet all requirements for continued listing prior to March 15, 2021. The notification of noncompliance from Nasdaq has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq. The notification letter states that the Company has until March 15, 2021 to submit a plan to Nasdaq as to how it plans to regain compliance with Nasdaq’s continued listing requirements. Upon acceptance of the Company’s compliance plan, Nasdaq is permitted to grant an extension of up to 180 days from the prescribed 10-K filing date, or until July 12, 2021, for the Company to regain compliance.공시 • Dec 30Malvern Bancorp, Inc. announced delayed annual 10-K filingOn 12/29/2020, Malvern Bancorp, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.분석 기사 • Dec 18Are Institutions Heavily Invested In Malvern Bancorp, Inc.'s (NASDAQ:MLVF) Shares?Every investor in Malvern Bancorp, Inc. ( NASDAQ:MLVF ) should be aware of the most powerful shareholder groups...Price Target Changed • Nov 12Price target raised to US$18.00Up from US$16.00, the current price target is provided by 1 analyst. The new target price is 24% above the current share price of US$14.54. As of last close, the stock is down 37% over the past year.Analyst Estimate Surprise Post Earnings • Nov 11Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.08%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 8.2%, compared to a 18% growth forecast for the Banks industry in the US.Reported Earnings • Nov 11Full year 2020 earnings released: EPS US$0.84The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$26.6m (down 9.3% from FY 2019). Net income: US$6.38m (down 32% from FY 2019). Profit margin: 24% (down from 32% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Nov 10Market bids up stock over the past weekAfter last week's 16% share price gain to US$14.74, the stock is trading at a trailing P/E ratio of 16.4x, up from the previous P/E ratio of 14.2x. This compares to an average P/E of 11x in the Banks industry in the US. Total return to shareholders over the past three years is a loss of 41%.Is New 90 Day High Low • Nov 10New 90-day high: US$14.74The company is up 22% from its price of US$12.07 on 11 August 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 9.0% over the same period.Is New 90 Day High Low • Oct 24New 90-day high: US$13.10The company is up 7.0% from its price of US$12.20 on 24 July 2020. The American market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is up 4.0% over the same period.공시 • Jul 05Malvern Bancorp, Inc.(NasdaqGM:MLVF) dropped from Russell 2500 IndexMalvern Bancorp, Inc.(NasdaqGM:MLVF) dropped from Russell 2500 Index공시 • Jul 04+ 1 more updateMalvern Bancorp, Inc.(NasdaqGM:MLVF) dropped from Russell 2000 Value-Defensive IndexMalvern Bancorp, Inc.(NasdaqGM:MLVF) dropped from Russell 2000 Value-Defensive Index공시 • Jul 03+ 4 more updatesMalvern Bancorp, Inc.(NasdaqGM:MLVF) dropped from Russell 2000 Growth-Defensive IndexMalvern Bancorp, Inc.(NasdaqGM:MLVF) dropped from Russell 2000 Growth-Defensive Index공시 • Jul 02+ 2 more updatesMalvern Bancorp, Inc.(NasdaqGM:MLVF) dropped from Russell 3000 Value IndexMalvern Bancorp, Inc.(NasdaqGM:MLVF) dropped from Russell 3000 Value Index지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 MLVF 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: MLVF 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장Malvern Bancorp 배당 수익률 vs 시장MLVF의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (MLVF)0%시장 하위 25% (US)1.4%시장 상위 25% (US)4.2%업계 평균 (Banks)2.4%분석가 예측 (MLVF) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 MLVF 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 MLVF 의 배당 수익률을 평가할 수 없습니다.현재 주주 배당수익 보장: MLVF US 시장에서 주목할만한 배당금을 지급하지 않습니다.향후 주주 배당미래 배당 보장: US 시장에서 주목할만한 배당금을 지불할 것으로 예상되지 않으므로 3년 후 MLVF 배당금의 지속 가능성을 계산할 필요가 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YUS 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2023/07/18 19:42종가2023/07/14 00:00수익2023/03/31연간 수익2022/09/30데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Malvern Bancorp, Inc.는 2명의 분석가가 다루고 있습니다. 이 중 명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Frank SchiraldiPiper Sandler CompaniesLaura Havener HunsickerStifel, Equities Research
Reported Earnings • May 14Second quarter 2023 earnings released: EPS: US$0.075 (vs US$0.069 in 2Q 2022)Second quarter 2023 results: EPS: US$0.075 (up from US$0.069 in 2Q 2022). Revenue: US$6.71m (down 11% from 2Q 2022). Net income: US$571.0k (up 9.4% from 2Q 2022). Profit margin: 8.5% (up from 6.9% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Reported Earnings • Feb 10First quarter 2023 earnings released: EPS: US$0.25 (vs US$0.27 in 1Q 2022)First quarter 2023 results: EPS: US$0.25 (down from US$0.27 in 1Q 2022). Revenue: US$8.16m (up 3.5% from 1Q 2022). Net income: US$1.91m (down 5.4% from 1Q 2022). Profit margin: 23% (down from 26% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
공시 • Jan 11Malvern Bancorp, Inc., Annual General Meeting, Feb 23, 2023Malvern Bancorp, Inc., Annual General Meeting, Feb 23, 2023, at 10:00 US Eastern Standard Time. Agenda: To consider elect seven directors for a one-year term expiring in 2024 and until their successors are elected and qualified; to consider adopt a non-binding resolution to approve the compensation of our named executive officers; to consider ratify the appointment of Wolf & Company, P.C. as our independent registered public accounting firm for the fiscal year ending September 30, 2023; and to consider other matters.
공시 • Dec 15First Bank (NasdaqGM:FRBA) entered into a definitive merger agreement to acquire Malvern Bancorp, Inc. (NasdaqGM:MLVF) for approximately $150 million.First Bank (NasdaqGM:FRBA) entered into a definitive merger agreement to acquire Malvern Bancorp, Inc. (NasdaqGM:MLVF) for approximately $150 million on December 13, 2022. According to terms of the merger agreement, Malvern Bancorp, Inc. shareholders will receive 0.7733 shares of First Bank common stock and $7.80 in cash per each Malvern Bancorp, Inc. common share outstanding. First Bank expects to issue approximately 5.9 million new shares of First Bank common stock and $59.4 million in cash consideration to consummate this transaction. This Agreement provides for the acquisition of Malvern by First Bank pursuant to the merger of Malvern with and into First Bank with First Bank as the surviving corporation. The Agreement provides certain termination rights for both First Bank and Malvern and further provides that a termination fee of $5.9 million will be payable by Malvern upon termination of the Agreement under certain circumstances. The merger subject to the approval of First Bank and Malvern Bancorp, Inc. shareholders, as well as customary regulatory approvals including the approval for listing on the Nasdaq Global Select Market of the First Bank Common Stock to be issued in the Merger and Malvern shall have caused Malvern Bank to execute and deliver the Bank Merger Agreement to First Bank. The merger has been unanimously approved by the boards of directors of First Bank and Malvern. In connection with the Agreement, First Bank entered into Voting Agreements with Malvern and each director of Malvern and certain Malvern Insiders, in their capacity as shareholders of Malvern, who beneficially own in the aggregate approximately 5.6% of the outstanding shares of Malvern Common Stock. Transaction is expected to be completed in the second quarter of 2023. The transaction will be significantly and immediately accretive to First Bank earnings per share and that the earn back on tangible book dilution to be under two and a half years. Kirk Steven Hovde and William Davis D. Curtiss of Hovde Group, LLC acted as financial advisor to First Bank and Piper Sandler & Co. acted as financial advisor and fairness opinion provider to Malvern Bancorp, Inc. Lawrence Spaccasi and Marc Levy of Luse Gorman, PC provided legal counsel to First Bank and Paul Aguggia of Holland & Knight LLP provided legal counsel to Malvern Bancorp, Inc.
Valuation Update With 7 Day Price Move • Dec 14Investor sentiment improved over the past weekAfter last week's 16% share price gain to US$17.75, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 9x in the Banks industry in the US. Total loss to shareholders of 22% over the past three years.
Reported Earnings • Dec 07Full year 2022 earnings: EPS and revenues exceed analyst expectationsFull year 2022 results: EPS: US$0.92 (up from US$0.012 loss in FY 2021). Revenue: US$31.6m (up 53% from FY 2021). Net income: US$6.95m (up US$7.04m from FY 2021). Profit margin: 22% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%. Revenue is expected to decline by 1.4% p.a. on average during the next 2 years, while revenues in the Banks industry in the US are expected to grow by 6.2%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. Independent Director Julia Corelli was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 17Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: US$0.24 (up from US$0.21 in 3Q 2021). Revenue: US$7.78m (down 1.9% from 3Q 2021). Net income: US$1.83m (up 15% from 3Q 2021). Profit margin: 24% (up from 20% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 42%, compared to a 16% growth forecast for the Banks industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance.
Seeking Alpha • Aug 08Malvern Federal Bancorp GAAP EPS of $0.24 beats by $0.01, revenue of $7.77M beats by $0.56MMalvern Federal Bancorp press release (NASDAQ:MLVF): Q3 GAAP EPS of $0.24 beats by $0.01. Revenue of $7.77M (-1.9% Y/Y) beats by $0.56M.
Reported Earnings • May 13Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2022 results: EPS: US$0.069 (down from US$0.29 in 2Q 2021). Revenue: US$7.52m (down 5.7% from 2Q 2021). Net income: US$522.0k (down 77% from 2Q 2021). Profit margin: 6.9% (down from 28% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 56%. Over the next year, revenue is forecast to grow 37%, compared to a 10.0% growth forecast for the industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance.
공시 • May 12Malvern Bancorp, Inc. Announces Impairment Charges for the Quarter Ended March 31, 2022Malvern Bancorp, Inc. announced impairment charges for the quarter ended March 31, 2022. For the period, the company reported net charge-offs of $736,000 compared to $434,000 a year ago.
Price Target Changed • Apr 27Price target decreased to US$18.00Down from US$20.00, the current price target is provided by 1 analyst. New target price is 13% above last closing price of US$15.94. Stock is down 13% over the past year. The company is forecast to post earnings per share of US$0.92 next year compared to a net loss per share of US$0.012 last year.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 1 highly experienced director. Independent Director Jamie Barrett was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
Board Change • Mar 29Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Jamie Barrett was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
공시 • Feb 12Malvern Bancorp, Inc. Appoints Sandra G. M. Selzer as Executive Vice President, General CounselMalvern Bancorp, Inc. (the “Company”), the parent company of Malvern Bank, National Association (the “Bank”), has announced the appointment of Sandra G. M. Selzer as Executive Vice President, General Counsel. In this role, Sandra will be overseeing the legal function of the Company and the Bank. Sandra has nearly two decades of experience as a corporate attorney, most recently serving as Associate In-house Counsel for developer Phoenix RHCS, LLC. in Wilmington, DE. She also previously served as a Partner with the law firm MacElree Harvey, LTD, and a Senior Associate Attorney with the law firm Greenberg Traurig LLP.
공시 • Feb 09Malvern Bancorp, Inc. Reports Net Charge Off for the First Quarter Ended December 31, 2021Malvern Bancorp, Inc. reported net charge off for the first quarter ended December 31, 2021. For the quarter, the company reported net charge-off of $1,436,000.
공시 • Dec 30Malvern Bancorp, Inc. announced delayed annual 10-K filingOn 12/29/2021, Malvern Bancorp, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
Price Target Changed • Dec 15Price target decreased to US$18.00Down from US$20.00, the current price target is provided by 1 analyst. New target price is 14% above last closing price of US$15.84. Stock is down 6.7% over the past year. The company is forecast to post earnings per share of US$1.06 for next year compared to US$0.085 last year.
Reported Earnings • Aug 11Third quarter 2021 earnings released: EPS US$0.21 (vs US$0.19 in 3Q 2020)The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: US$7.92m (up 20% from 3Q 2020). Net income: US$1.60m (up 10% from 3Q 2020). Profit margin: 20% (down from 22% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Major Estimate Revision • May 18Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 revenue forecast fell from US$30.1m to US$29.4m. EPS estimate rose from US$1.04 to US$1.16. Net income forecast to grow 267% next year vs 7.5% growth forecast for Banks industry in the US. Consensus price target of US$20.00 unchanged from last update. Share price fell 2.7% to US$18.30 over the past week.
Price Target Changed • May 16Price target increased to US$20.00Up from US$18.00, the current price target is provided by 1 analyst. New target price is 10% above last closing price of US$18.12. Stock is up 72% over the past year.
Reported Earnings • May 16Second quarter 2021 earnings released: EPS US$0.29 (vs US$0.25 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$7.97m (up 12% from 2Q 2020). Net income: US$2.22m (up 17% from 2Q 2020). Profit margin: 28% (up from 27% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
공시 • Feb 28Malvern Bancorp Receives Non Compliance Letter from NasdaqMalvern Bancorp, Inc. announced on February 26, 2021 that it received a notification letter on February 23, 2021 from The Nasdaq Stock Market (“Nasdaq”). The notification letter stated that because the Company has not yet filed its Form 10-Q for the first fiscal quarter end December 31, 2020 (the “Form 10-Q”), and therefore remains delinquent in filing its Form 10-Q, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports with the Securities and Exchange Commission (the “SEC”). The notification letter states that the Company has until April 24, 2021 to submit a plan to Nasdaq as to how it plans to regain compliance with Nasdaq’s continued listing requirements. Upon acceptance of the Company’s compliance plan, Nasdaq is permitted to grant an extension of up to 180 calendar days from the prescribed 10-Q filing date, or until August 23, 2021, for the Company to regain compliance. The Company plans to file the Form 10-Q with the SEC as soon as practicable and believes it will meet all requirements for continued listing prior to April 24, 2021. The notification of noncompliance from Nasdaq has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq.
공시 • Feb 18Malvern Bancorp, Inc. announced delayed 10-Q filingOn 02/16/2021, Malvern Bancorp, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • Jan 30Malvern Bancorp, Inc., Annual General Meeting, Mar 10, 2021Malvern Bancorp, Inc., Annual General Meeting, Mar 10, 2021, at 09:30 US Eastern Standard Time. Agenda: To elect eight directors for a one-year term expiring in 2022 and until their successors are elected and qualified; to adopt a non-binding resolution to approve the compensation of our named executive officers; to ratify the appointment of Baker Tilly US, LLP as independent registered public accounting firm for the fiscal year ending September 30, 2021; and to transact such other business as may properly come before the meeting or at any adjournment thereof.
공시 • Jan 22Malvern Bancorp Receives Non Compliance Letter from NasdaqMalvern Bancorp, Inc. announced on January 20, 2021 that it received a notification letter on January 14, 2021 from The Nasdaq Stock Market (“Nasdaq”). The notification letter stated that because the Company has not yet filed its Form 10-K for the fiscal year end September 30, 2020 (the “Form 10-K”), and therefore remains delinquent in filing its Form 10-K, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic reports with the Securities and Exchange Commission (the “SEC”). The Company plans to file the Form 10-K with the SEC as soon as practicable and believes it will meet all requirements for continued listing prior to March 15, 2021. The notification of noncompliance from Nasdaq has no immediate effect on the listing or trading of the Company’s common stock on Nasdaq. The notification letter states that the Company has until March 15, 2021 to submit a plan to Nasdaq as to how it plans to regain compliance with Nasdaq’s continued listing requirements. Upon acceptance of the Company’s compliance plan, Nasdaq is permitted to grant an extension of up to 180 days from the prescribed 10-K filing date, or until July 12, 2021, for the Company to regain compliance.
공시 • Dec 30Malvern Bancorp, Inc. announced delayed annual 10-K filingOn 12/29/2020, Malvern Bancorp, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
분석 기사 • Dec 18Are Institutions Heavily Invested In Malvern Bancorp, Inc.'s (NASDAQ:MLVF) Shares?Every investor in Malvern Bancorp, Inc. ( NASDAQ:MLVF ) should be aware of the most powerful shareholder groups...
Price Target Changed • Nov 12Price target raised to US$18.00Up from US$16.00, the current price target is provided by 1 analyst. The new target price is 24% above the current share price of US$14.54. As of last close, the stock is down 37% over the past year.
Analyst Estimate Surprise Post Earnings • Nov 11Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.08%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Over the next year, revenue is forecast to grow 8.2%, compared to a 18% growth forecast for the Banks industry in the US.
Reported Earnings • Nov 11Full year 2020 earnings released: EPS US$0.84The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$26.6m (down 9.3% from FY 2019). Net income: US$6.38m (down 32% from FY 2019). Profit margin: 24% (down from 32% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Nov 10Market bids up stock over the past weekAfter last week's 16% share price gain to US$14.74, the stock is trading at a trailing P/E ratio of 16.4x, up from the previous P/E ratio of 14.2x. This compares to an average P/E of 11x in the Banks industry in the US. Total return to shareholders over the past three years is a loss of 41%.
Is New 90 Day High Low • Nov 10New 90-day high: US$14.74The company is up 22% from its price of US$12.07 on 11 August 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 9.0% over the same period.
Is New 90 Day High Low • Oct 24New 90-day high: US$13.10The company is up 7.0% from its price of US$12.20 on 24 July 2020. The American market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is up 4.0% over the same period.
공시 • Jul 05Malvern Bancorp, Inc.(NasdaqGM:MLVF) dropped from Russell 2500 IndexMalvern Bancorp, Inc.(NasdaqGM:MLVF) dropped from Russell 2500 Index
공시 • Jul 04+ 1 more updateMalvern Bancorp, Inc.(NasdaqGM:MLVF) dropped from Russell 2000 Value-Defensive IndexMalvern Bancorp, Inc.(NasdaqGM:MLVF) dropped from Russell 2000 Value-Defensive Index
공시 • Jul 03+ 4 more updatesMalvern Bancorp, Inc.(NasdaqGM:MLVF) dropped from Russell 2000 Growth-Defensive IndexMalvern Bancorp, Inc.(NasdaqGM:MLVF) dropped from Russell 2000 Growth-Defensive Index
공시 • Jul 02+ 2 more updatesMalvern Bancorp, Inc.(NasdaqGM:MLVF) dropped from Russell 3000 Value IndexMalvern Bancorp, Inc.(NasdaqGM:MLVF) dropped from Russell 3000 Value Index