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Bank Notes: Analyst lowers Malvern Bancorp earnings estimates after raise

Jeff Blumenthal
Bank Notes: Analyst lowers Malvern Bancorp earnings estimates after raise

Analyst Collyn Gilbert of Keefe Bruyette & Woods lowered her earnings per share estimates for Malvern Bancorp after it priced its previously announced $25 million offering at $21, or a 12.3 percent discount from the pre-announcement share price of $23.95.