Last $21.13 USD
Change Today +0.36 / 1.73%
Volume 3.2K
MLGF On Other Exchanges
Symbol
Exchange
OTC US
As of 10:17 AM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

malaga financial corp (MLGF) Snapshot

Open
$20.77
Previous Close
$20.77
Day High
$21.13
Day Low
$20.77
52 Week High
01/16/15 - $22.00
52 Week Low
02/18/14 - $19.11
Market Cap
123.3M
Average Volume 10 Days
396.5
EPS TTM
$1.85
Shares Outstanding
5.8M
EX-Date
12/24/14
P/E TM
11.4x
Dividend
$0.80
Dividend Yield
3.90%
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 deposit, ATM, and VISA debit card, as well as safe deposit boxes, notary, medallion signature guarantee, trust deed note collection, night depository, bank by mail, and photocopying services. As of July 16, 2014, it operated six 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.

80 Employees
Last Reported Date: 05/4/14
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 Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Malaga Financial Corporation reported earnings results for the fourth quarter and full year ended December 31, 2014. The company reported that net income for the quarter ended December 31, 2014 was $2,839,000 ($0.48 basic and $0.47 fully diluted earnings per share), an increase of $59,000 or 2% from net income of $2,780,000 ($0.47 basic and fully diluted earnings per share) for the quarter ended December 31, 2013. The company net income for the twelve months ended December 31, 2014 was $11,211,000 ($1.87 basic and $1.86 fully diluted earnings per share) as compared to $11,494,000 ($1.94 basic and $1.93 fully diluted earnings per share) for the twelve months ended December 31, 2013, a 2% decrease. Earnings for the twelve months ended December 31, 2014 resulted in a pre-tax return on average equity of 19.10%. For 2014, net interest income totaled $29,692,000, an increase of $49,000 or 0.2% from 2013. This increase reflected higher average interest-earning assets of $62 million, offset by decrease of 0.24% in the interest rate spread to 3.22%. The decrease in the interest rate spread is primarily attributable to a decrease in yield on average interest-earning assets of 0.38%, primarily from a decrease in loan portfolio yield.

Malaga Financial Corporation Announces Special Year End 2014 Cash Dividend, Payable on or About December 29, 2014; Announces Increase in First Quarter 2015 Dividend, Payable on or About January 6, 2015

Malaga Financial Corp. announced that its Board of Directors had declared a special cash dividend in the amount of 10 cents per share payable to shareholders of record at the close of business on December 22, 2014. The dividend will be paid on or about December 29, 2014. In addition, an increase in the quarterly dividend to 20 cents was declared payable to shareholders of record at the close of business on December 29, 2014 to be paid on or about January 6, 2015.

Malaga Financial Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Malaga Financial Corp. reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $2,828,000 or $0.47 per share basic and fully diluted share, an increase of $17,000 from income of $2,811,000 for the quarter ended June 30, 2014 and a decrease of $118,000 or 4% from net income of $2,946,000 or $0.50 per share basic and $0.49 per share fully diluted share for the quarter ended September 30, 2013. Net interest income totaled $7,445,000 in the third quarter of 2014, and was comparable to third quarter of 2013. For the nine months, the company reported net income of $8,372,000 or $1.39 basic and fully diluted earnings per share as compared to $8,714,000 or $1.47 basic and $1.46 fully diluted earnings per share for the nine months ended September 30, 2013, a 4% decrease. Net income decreased from the prior year primarily due to an increase in allowance for loan losses resulting from growth in outstanding loans and decrease in capitalized compensation related costs due to decrease in loans originated. Net income for the first nine months of 2014 resulted in an annualized pre-tax return on average equity of 19.20%.

 

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