Last $10.61 USD
Change Today +0.01 / 0.09%
Volume 316.0
MLVF On Other Exchanges
Symbol
Exchange
NASDAQ GM
Berlin
As of 8:10 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

malvern bancorp inc (MLVF) Snapshot

Open
$10.61
Previous Close
$10.60
Day High
$10.61
Day Low
$10.61
52 Week High
09/24/13 - $13.20
52 Week Low
05/6/14 - $10.13
Market Cap
69.6M
Average Volume 10 Days
4.1K
EPS TTM
$-2.99
Shares Outstanding
6.6M
EX-Date
09/15/11
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MALVERN BANCORP INC (MLVF)

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malvern bancorp inc (MLVF) Details

Malvern Bancorp, Inc. operates as the bank holding company for Malvern Federal Savings Bank that provides various banking products and services in Pennsylvania. It accepts various deposit products, including money market, savings, certificate of deposit, and interest-bearing and non-interest-bearing checking accounts. The company’s loan portfolio comprises single-family residential mortgage loans, commercial real estate mortgage loans, and construction and development loans, as well as consumer loans, such as home equity loans and lines of credit, automobile loans, unsecured personal loans, loans secured by deposits, and other consumer loans. It operates eight financial center offices in Chester and Delaware Counties, which are located in southeastern Pennsylvania. The company was founded in 1887 and is headquartered in Paoli, Pennsylvania.

106 Employees
Last Reported Date: 12/19/13
Founded in 1887

malvern bancorp inc (MLVF) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $171.2K
Compensation as of Fiscal Year 2013.

malvern bancorp inc (MLVF) Key Developments

Malvern Bancorp Might Go Ahead With Sale

PL Capital Advisors, LLC has urged the Board of Malvern Bancorp, Inc. (NasdaqGM:MLVF) to consider the sale of the company in view of the challenges that the company faces. Richard Lashley and John Palmer wrote in a letter to Malvern board member Shirley Stanke, "We have watched with distress as Malvern has stumbled from one major problem and loss to another. Rather than itemize all of the company's missteps, and the challenges the company faces, we would like the board to focus on potential solutions. We do not think Malvern has evidenced the ability to adequately address its challenges individually. Even if it were capable of doing so, the resulting company would still not earn anywhere near the returns reasonably expected by shareholders and regulators. The amount of time and cost to resolve these challenges individually will also be significant." PL Capital urged the Malvern's Board to "act on its fiduciary duty to shareholders" and explore selling the bank before the third anniversary of the second step conversion in October 2015.

Malvern Federal Bancorp, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended March 31, 2014

Malvern Federal Bancorp, Inc. reported unaudited earnings results for the second quarter and six months ended March 31, 2014. For the quarter, the company reported net loss of $426,000 or $0.07 per share as compared to a net loss of $845,000 or $0.13 per share for the quarter ended March 31, 2013. Net interest income was $3.8 million, an increase of $193,000 compared to the three month periods ended March 31, 2013. The Company's interest and dividend income decreased by $384,000, or 7.0%, to $5.1 million over the comparable period in fiscal 2013. The decrease was due primarily to a $556,000 or 11.1% decrease in interest income earned on loans. This decrease was partially offset by an $180,000 or 42.6% increase in interest income on investment securities. The decrease in interest earned on loans in the second quarter of fiscal 2014 was due primarily to a $38.5 million, or 8.6%, decrease in the average balance of the company's outstanding loans as well as a 12 basis point decrease in the average yield earned on the company's loan portfolio in the second quarter of fiscal 2014 compared to the second quarter of fiscal 2013. The increase in interest income on investment securities was due to a $29.8 million or 31.3% increase in the average balance of investment securities and a 15 basis point increase in the average yield earned on investment securities. Return on average assets was negative 0.29% against 0.50% for the same period a year ago. Return on average equity was negative 2.26% against 3.45% for the same period a year ago. For the six months, the company reported net loss of $362,000, or $0.06 per share compared to a net loss of $174,000, or $0.03 per share, for the six months ended March 31, 2013. Net interest income was $7.7 million, an increase of $25,000 compared to the six month periods ended March 31, 2013. The company's interest and dividend income decreased by $1.2 million, or 10.2%, over the comparable fiscal 2013 period to $10.2 million. The decrease was due primarily to a $1.6 million or 14.8% decrease in interest income earned on loans. This decrease was partially offset by a $408,000 or 50.7% increase in interest income on investment securities. The decrease in interest earned on loans in the first six months of fiscal 2014 was due primarily to a $45.2 million, or 10.0%, decrease in the average balance of the company's outstanding loans as well as a 26 basis point decrease in the average yield earned on the company's loan portfolio in the first six months of fiscal 2014 compared to the first six months of fiscal 2013. The increase in interest income on investment securities was due to a $35.5 million or 39.3% increase in the average balance of investment securities and a 14 basis point increase in the average yield earned on investment securities. Return on average assets was negative 0.12% against 0.05% for the same period a year ago. Return on average equity was negative 0.96% against 0.46% for the same period a year ago.

Malvern Bancorp, Inc. Announces Unaudited Earnings Results for First Quarter Ended Dec. 31, 2013

Malvern Bancorp, Inc. announced unaudited earnings results for first quarter ended Dec. 31, 2013. For the quarter, the company reported total interest and dividend income of $5,165,000, net interest income of $3,835,000, net income of $64,000 or $0.01 per share, return on average assets of 0.04% return on average equity of 0.34% compared to the total interest and dividend income of $5,950,000, net interest income of $4,003,000, net income of $671,000 or $0.11 per share, return on average assets of 0.39% return on average equity of 3.10% for the same quarter a year ago.

 

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MLVF

Industry Average

Valuation MLVF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 9.1x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.4x
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