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Last $22.60 USD
Change Today 0.00 / 0.00%
Volume 0.0
MLGF On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

malaga financial corp (MLGF) Snapshot

Open
$22.60
Previous Close
$22.60
Day High
$22.60
Day Low
$22.60
52 Week High
07/9/15 - $22.60
52 Week Low
10/10/14 - $19.61
Market Cap
131.9M
Average Volume 10 Days
631.8
EPS TTM
$1.87
Shares Outstanding
5.8M
EX-Date
06/24/15
P/E TM
12.1x
Dividend
$0.80
Dividend Yield
3.89%
Current Stock Chart for MALAGA FINANCIAL CORP (MLGF)

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malaga financial corp (MLGF) Details

Malaga Financial Corporation operates as the holding company for Malaga Bank that provides various community banking products and services to personal and business organizations of the South Bay. The company’s personal and business banking products and services include checking accounts, savings accounts, money market accounts, and certificates of deposit. It also offers loans and lines of credit, revolving lines of credit, term loans, lease and loan consolidation, equity lines of credit, small business administration loans, special purpose property loans, and income property loans, as well as personal loans and overdraft lines of credit. In addition, it provides real estate loans comprising residential, construction, commercial, and apartment loans, as well as home equity lines of credit. Further, the company offers travelers cheques, U.S. savings bond redemption, coupon redemption, wire and telephone transfer, online and mobile banking, bill payer, e-statement, direct deposits, ATM, and VISA debit cards, as well as safe deposit boxes, notary, medallion signature guarantee, trust deed note collection, night depository, bank by mail, and photocopying services. As of May 26, 2015, it operated five offices located in the South Bay area of Los Angeles. Malaga Financial Corporation was founded in 1985 and is headquartered in Palos Verdes Estates, California.

79 Employees
Last Reported Date: 05/6/15
Founded in 1985

malaga financial corp (MLGF) Top Compensated Officers

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Executives, Board Directors

malaga financial corp (MLGF) Key Developments

Malaga Financial Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Malaga Financial Corp. reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income of $2,907,000 or $0.48 per share basic and fully diluted, an increase of $158,000 from income of $2,749,000 for the quarter ended March 31, 2015 and an increase of $96,000 or 3% from net income of $2,811,000 or $0.46 per share basic and fully diluted for the quarter ended June 30, 2014. Net interest income totaled $7,624,000 in the second quarter of 2015, an increase of $161,000 or 2% from the second quarter of 2014. This increase resulted from an increase in average interest earning assets of $73 million offset by a decrease in the interest spread from 3.27% to 3.09%. For the six months, the company’s net income was $5,656,000 or $0.93 per basic and fully diluted earnings per share as compared to $5,544,000 or $0.92 per basic and fully diluted earnings per share for the six months ended June 30, 2014, a 2% increase. Net income for the first six months of 2015 resulted in an annualized pre-tax return on average equity of 18.33%.

Malaga Financial Corporation Announces Quarterly Cash Dividend, Payable on or About July 3, 2015

Malaga Financial Corporation announced the declaration of a cash dividend in the amount of 20 cents per share to shareholders of record on June 26, 2015. The dividend will be paid out on or about July 3, 2015.

Malaga Financial Corporation Reports Earnings Results for the First Quarter Ended March 31, 2015

Malaga Financial Corporation reported earnings results for the first quarter ended March 31, 2015. The company reported net income for the first quarter ended March 31, 2015 was $2,749,000 or $0.45 per share basic and fully diluted, an increase of $16,000 or 1% from net income of $2,733,000 or $0.46 per share basic and $0.45 fully diluted for the quarter ended March 31, 2014. Net income in the first quarter resulted in a pre-tax return on average equity of 18%. Net interest income totaled $7,424,000 in the first quarter of 2015, an increase of $51,000 or 1% from the first quarter of 2014. This increase resulted from an increase in average interest earning assets of $62,279,000, offset by a decrease in the interest spread from 3.30% to 3.10%. The decrease in the interest spread was due to a 0.22% decline in the weighted average yield on interest earning assets, while the weighted average rate on interest-bearing liabilities declined only 0.02%.

 

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