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Malvern Bancorp

Nasdaq:MLVF
Snowflake Description

Flawless balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
MLVF
Nasdaq
$159M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Malvern Bancorp, Inc. operates as the bank holding company for Malvern Bank that provides various banking products and services to consumer and business customers in Pennsylvania. The last earnings update was 49 days ago. More info.


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MLVF Share Price and Events
7 Day Returns
-0.9%
NasdaqGM:MLVF
-1.7%
US Banks
-0.4%
US Market
1 Year Returns
-15.4%
NasdaqGM:MLVF
-6.9%
US Banks
4.3%
US Market
MLVF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Malvern Bancorp (MLVF) -0.9% 2.6% 2.6% -15.4% 32.4% 86.5%
US Banks -1.7% -0.7% 3.3% -6.9% 50.7% 38.5%
US Market -0.4% 2.8% 2.7% 4.3% 40.9% 38.2%
1 Year Return vs Industry and Market
  • MLVF underperformed the Banks industry which returned -6.9% over the past year.
  • MLVF underperformed the Market in United States of America which returned 4.3% over the past year.
Price Volatility
MLVF
Industry
5yr Volatility vs Market

MLVF Value

 Is Malvern Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Malvern Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Malvern Bancorp.

NasdaqGM:MLVF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $15.91 * 7.1%
$1.13
Book Value of Equity per Share Median Book Value from the past 5 years. $15.91
Discount Rate (Cost of Equity) See below 8.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:MLVF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.589 (1 + (1- 21%) (78.83%))
0.97
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.97 * 5.96%)
8.51%

Discounted Cash Flow Calculation for NasdaqGM:MLVF using Excess Returns Model Model

The calculations below outline how an intrinsic value for Malvern Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGM:MLVF Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (7.1% – 8.51%) * $15.91)
$-0.22
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.22 / (8.51% - 2.73%)
$-3.81
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $15.91 + $-3.81
$12.1
NasdaqGM:MLVF Discount to Share Price
Calculation Result
Value per share (USD) From above. $12.10
Current discount Discount to share price of $20.65
= -1 x ($20.65 - $12.10) / $12.10
-70.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Malvern Bancorp is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Malvern Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Malvern Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:MLVF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.26
NasdaqGM:MLVF Share Price ** NasdaqGM (2019-06-26) in USD $20.65
United States of America Banks Industry PE Ratio Median Figure of 600 Publicly-Listed Banks Companies 12.61x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Malvern Bancorp.

NasdaqGM:MLVF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:MLVF Share Price ÷ EPS (both in USD)

= 20.65 ÷ 1.26

16.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Malvern Bancorp is overvalued based on earnings compared to the US Banks industry average.
  • Malvern Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Malvern Bancorp's expected growth come at a high price?
Raw Data
NasdaqGM:MLVF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
13.9%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.3x
United States of America Market PEG Ratio Median Figure of 2,133 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Malvern Bancorp, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Malvern Bancorp's assets?
Raw Data
NasdaqGM:MLVF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $17.93
NasdaqGM:MLVF Share Price * NasdaqGM (2019-06-26) in USD $20.65
United States of America Banks Industry PB Ratio Median Figure of 603 Publicly-Listed Banks Companies 1.18x
United States of America Market PB Ratio Median Figure of 5,255 Publicly-Listed Companies 1.78x
NasdaqGM:MLVF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:MLVF Share Price ÷ Book Value per Share (both in USD)

= 20.65 ÷ 17.93

1.15x

* Primary Listing of Malvern Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Malvern Bancorp is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Malvern Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Malvern Bancorp has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

MLVF Future Performance

 How is Malvern Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Malvern Bancorp, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Malvern Bancorp expected to grow at an attractive rate?
  • Malvern Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Malvern Bancorp's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Malvern Bancorp's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:MLVF Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:MLVF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 13.9%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.8%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:MLVF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:MLVF Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-09-30
2019-09-30
NasdaqGM:MLVF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 28 10 9
2018-12-31 28 8 9
2018-09-30 28 9 7
2018-06-30 28 9 7
2018-03-31 27 12 6
2017-12-31 26 13 5
2017-09-30 24 10 6
2017-06-30 23 11 12
2017-03-31 21 7 12
2016-12-31 20 9 12
2016-09-30 20 9 12
2016-06-30 19 7 6

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Malvern Bancorp's earnings are expected to grow by 13.9% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Malvern Bancorp is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:MLVF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Malvern Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:MLVF Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-09-30
2019-09-30
NasdaqGM:MLVF Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.26
2018-12-31 1.32
2018-09-30 1.13
2018-06-30 1.03
2018-03-31 0.95
2017-12-31 0.81
2017-09-30 0.90
2017-06-30 1.84
2017-03-31 1.82
2016-12-31 1.84
2016-09-30 1.90
2016-06-30 0.99

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Malvern Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Malvern Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Malvern Bancorp has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

MLVF Past Performance

  How has Malvern Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Malvern Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Malvern Bancorp has delivered over 20% year on year earnings growth in the past 5 years.
  • Malvern Bancorp's 1-year earnings growth is less than its 5-year average (45.4% vs 46.8%)
  • Malvern Bancorp's earnings growth has exceeded the US Banks industry average in the past year (45.4% vs 40.7%).
Earnings and Revenue History
Malvern Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Malvern Bancorp Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:MLVF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 27.98 8.86 14.47
2018-12-31 27.93 8.91 14.29
2018-09-30 28.20 7.31 14.63
2018-06-30 27.54 6.62 14.06
2018-03-31 27.00 6.10 13.47
2017-12-31 25.76 5.25 13.22
2017-09-30 23.89 5.82 12.50
2017-06-30 22.67 11.81 12.43
2017-03-31 21.07 11.68 11.82
2016-12-31 20.16 11.78 11.36
2016-09-30 19.90 12.15 11.05
2016-06-30 18.98 6.33 10.67
2016-03-31 18.49 5.95 10.35
2015-12-31 18.45 5.69 10.53
2015-09-30 17.66 4.67 10.76
2015-06-30 16.92 2.83 11.03
2015-03-31 17.05 2.01 11.99
2014-12-31 16.75 0.58 13.05
2014-09-30 17.03 0.71 13.87
2014-06-30 7.48 -18.74 14.39
2014-03-31 7.41 -18.99 14.31
2013-12-31 6.34 -19.41 13.96
2013-09-30 6.98 -18.80 13.60
2013-06-30 16.21 0.18 13.07
2013-03-31 16.09 0.32 12.68
2012-12-31 17.55 1.38 12.44
2012-09-30 18.98 1.96 12.28
2012-06-30 18.32 0.71 12.39

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Malvern Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Malvern Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Malvern Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Malvern Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Malvern Bancorp has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

MLVF Health

 How is Malvern Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Malvern Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Malvern Bancorp Company Filings, last reported 2 months ago.

NasdaqGM:MLVF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 137.57 124.95 113.37
2018-12-31 135.68 143.84 101.75
2018-09-30 110.82 144.96 32.08
2018-06-30 107.97 149.92 48.51
2018-03-31 105.36 144.99 122.69
2017-12-31 103.20 147.34 129.26
2017-09-30 102.52 147.30 117.51
2017-06-30 100.43 142.29 113.78
2017-03-31 98.59 153.00 66.23
2016-12-31 97.10 118.02 63.70
2016-09-30 96.16 118.54 91.96
2016-06-30 86.65 123.88 78.38
2016-03-31 84.69 123.60 58.04
2015-12-31 82.66 103.10 56.37
2015-09-30 82.75 103.35 36.56
2015-06-30 79.81 93.00 24.29
2015-03-31 80.03 98.00 51.64
2014-12-31 77.89 78.00 48.05
2014-09-30 76.77 48.00 15.99
2014-06-30 76.67 48.00 42.46
2014-03-31 75.27 45.00 14.25
2013-12-31 74.61 43.00 22.67
2013-09-30 75.41 38.00 19.79
2013-06-30 94.55 48.00 67.38
2013-03-31 96.93 48.00 87.62
2012-12-31 98.07 48.00 115.92
2012-09-30 62.64 48.09 127.51
2012-06-30 62.20 48.34 60.24
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Malvern Bancorp has an acceptable proportion of non-loan assets held.
  • Malvern Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Malvern Bancorp are broadly funded by customer deposits.
  • Malvern Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Malvern Bancorp has a sufficient allowance for bad loans.
  • Malvern Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Malvern Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Malvern Bancorp has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

MLVF Dividends

 What is Malvern Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Malvern Bancorp dividends.
If you bought $2,000 of Malvern Bancorp shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Malvern Bancorp's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Malvern Bancorp's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:MLVF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2012 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:MLVF Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-09-30
2019-09-30
NasdaqGM:MLVF Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2013-02-14 0.000 0.000
2013-02-06 0.000 0.000
2012-12-26 0.000 0.000
2012-11-21 0.000 0.000
2012-08-20 0.000 0.000
2012-08-06 0.000 0.000
2012-05-11 0.000 0.000
2012-05-03 0.000 0.000
2012-02-22 0.000 0.000
2012-02-02 0.000 0.000
2011-12-20 0.000 0.000
2011-11-07 0.000 0.000
2011-08-12 0.000 0.000
2011-05-16 0.000 0.000
2011-04-29 0.000 0.000
2011-02-14 0.112 1.469
2011-02-04 0.112 1.495
2010-12-30 0.120 1.646
2010-12-20 0.112 1.822
2010-10-29 0.112 1.971
2010-09-24 0.120 1.957
2010-08-06 0.112 1.612
2010-07-29 0.112 1.469
2010-07-06 0.120 1.537
2010-03-26 0.120 1.409
2009-12-30 0.112 1.258
2009-12-18 0.112 1.256
2009-11-02 0.112 1.266
2009-10-01 0.120 1.340
2009-08-10 0.112 1.299
2009-07-27 0.112 1.188
2009-06-30 0.120 1.327
2009-05-15 0.149 1.596
2009-04-30 0.149 1.604
2009-03-23 0.160 1.853
2009-02-13 0.149 1.929
2009-02-02 0.149 1.829
2008-12-23 0.160 1.881
2008-12-19 0.149 1.829
2008-10-29 0.149 1.723
2008-09-22 0.160 1.776

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Malvern Bancorp has not reported any payouts.
  • Unable to verify if Malvern Bancorp's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Malvern Bancorp's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Malvern Bancorp has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Malvern Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Malvern Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Malvern Bancorp has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

MLVF Management

 What is the CEO of Malvern Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tony Weagley
COMPENSATION $709,220
AGE 56
TENURE AS CEO 4.8 years
CEO Bio

Mr. Anthony Charles Weagley, also known as Tony, has been the Chief Executive Officer and President of Malvern Bancorp, Inc. ("Company") and its subsidiary Malvern Bank, National Association ("Bank") since September 23, 2014 and served as its Chief Financial Officer and Treasurer. Mr. Weagley is recognized as a leader in the financial services industry with over 36 years of industry experience. He served as the Chief Executive Officer and President of ConnectOne Bancorp, Inc. from August 23, 2007 to July 1, 2014. He served as Interim Chief Financial Officer of Company and its subsidiary Bank since January 1, 2015. Mr. Weagley served as the Chief Executive Officer and President of Union Center National Bank, Inc., a subsidiary of ConnectOne Bancorp, Inc. from August 2007 to July 1, 2014. He served as an Acting President at ConnectOne Bancorp, Inc. since August 23, 2008, its Vice President and Treasurer from 1996 to August 2007. He served as the Chief Financial Officer ConnectOne Bancorp, Inc. from August 2007 to March 27, 2008 and served as its Chief Accounting Officer. Mr. Weagley served as Senior Vice President and Cashier at The Union Center National Bank from 1991 to August 2007. He served as an Assistant Vice President of ConnectOne Bancorp, Inc. from 1991 to 1996. He has been a Director at Malvern Bancorp, Inc. and its subsidiary Malvern Federal Savings Bank since 2014. He served as a Director of ConnectOne Bancorp, Inc. from September 30, 2010 to July 01, 2014 and Union Center National Bank, Inc. from December 17, 2007 to July 01, 2014. He holds BSB from Fordham University and graduate from Rutgers, The State University of New Jersey.

CEO Compensation
  • Tony's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Tony's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Malvern Bancorp management team in years:

3.2
Average Tenure
52.5
Average Age
  • The tenure for the Malvern Bancorp management team is about average.
Management Team

Tony Weagley

TITLE
President
COMPENSATION
$709K
AGE
56
TENURE
4.8 yrs

Joseph Gangemi

TITLE
Senior VP
COMPENSATION
$277K
AGE
37
TENURE
4.1 yrs

Bill Boylan

TITLE
Executive VP & Chief Loan Officer
COMPENSATION
$421K
AGE
53
TENURE
3.2 yrs

Alex Opiela

TITLE
Chief Operations Officer
TENURE
2.4 yrs

Bill Woolworth

TITLE
Senior VP & Chief Risk Officer
COMPENSATION
$240K
AGE
52
TENURE
3.8 yrs

Pat McLennan

TITLE
Senior Vice President and Director of Community Development
TENURE
2.4 yrs

Linda Laurent

TITLE
VP & Manager of Retail Lending

Rona Korman

TITLE
Senior Vice President & General Counsel of Malvern Federal Savings Bank
TENURE
1.8 yrs
Board of Directors Tenure

Average tenure and age of the Malvern Bancorp board of directors in years:

3.1
Average Tenure
65
Average Age
  • The tenure for the Malvern Bancorp board of directors is about average.
Board of Directors

Howard Kent

TITLE
Chairman of the Board
COMPENSATION
$109K
AGE
70
TENURE
3.3 yrs

Tony Weagley

TITLE
President
COMPENSATION
$709K
AGE
56
TENURE
4.8 yrs

Cindy Leitzell

TITLE
Director
COMPENSATION
$98K
AGE
68
TENURE
3.3 yrs

Steven Scartozzi

TITLE
Director
COMPENSATION
$92K
AGE
65
TENURE
9.2 yrs

Norman Feinstein

TITLE
Director
COMPENSATION
$90K
AGE
70
TENURE
3 yrs

Andrew Fish

TITLE
Director
COMPENSATION
$92K
AGE
34
TENURE
2.7 yrs

Julia Corelli

TITLE
Director
COMPENSATION
$29K
AGE
57
TENURE
1.4 yrs

Jamie Barrett

TITLE
Director
TENURE
0.2 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Malvern Bancorp individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
07. Jun 19 Buy Howard Kent Individual 05. Jun 19 06. Jun 19 2,695 $20.00 $53,720
04. Jun 19 Buy Andrew Fish Individual 31. May 19 31. May 19 1 $19.90 $20
01. Jun 19 Buy Andrew Fish Individual 29. May 19 30. May 19 2,592 $20.46 $52,551
30. May 19 Buy Cynthia Leitzell Individual 28. May 19 29. May 19 1,000 $20.25 $20,107
23. May 19 Buy Howard Kent Individual 21. May 19 22. May 19 3,327 $20.00 $66,316
21. May 19 Buy Stephen Scartozzi Individual 17. May 19 17. May 19 500 $20.08 $10,040
13. May 19 Buy James Barrett Individual 09. May 19 13. May 19 1,218 $20.95 $25,517
08. May 19 Buy James Barrett Individual 06. May 19 06. May 19 200 $20.45 $4,090
08. May 19 Buy James Barrett Individual 06. May 19 06. May 19 1,000 $21.44 $21,066
01. Apr 19 Buy Veteri Place Corporation Company 28. Mar 19 28. Mar 19 26,000 $20.15 $521,956
26. Mar 19 Buy Norman Feinstein Individual 22. Mar 19 22. Mar 19 1,730 $20.79 $35,967
05. Mar 19 Buy Cynthia Leitzell Individual 01. Mar 19 01. Mar 19 1,000 $21.05 $21,050
26. Dec 18 Buy Veteri Place Corporation Company 12. Nov 18 24. Dec 18 43,492 $19.85 $843,780
18. Oct 18 Buy Therese Woodman Individual 09. Oct 18 09. Oct 18 1,000 $21.00 $21,000
18. Oct 18 Buy Stephen Scartozzi Individual 09. Oct 18 09. Oct 18 1,904 $21.00 $39,984
11. Oct 18 Buy William Woolworth Individual 09. Oct 18 09. Oct 18 2,000 $21.00 $42,000
11. Oct 18 Buy Joseph Gangemi Individual 09. Oct 18 09. Oct 18 1,428 $21.00 $29,988
11. Oct 18 Buy William Boylan Individual 09. Oct 18 09. Oct 18 476 $21.00 $9,996
11. Oct 18 Buy Anthony Weagley Individual 09. Oct 18 09. Oct 18 6,665 $21.00 $139,965
11. Oct 18 Buy Julia Corelli Individual 09. Oct 18 09. Oct 18 7,142 $21.00 $149,982
11. Oct 18 Buy Cynthia Leitzell Individual 09. Oct 18 09. Oct 18 1,000 $21.00 $21,000
11. Oct 18 Buy Andrew Fish Individual 09. Oct 18 09. Oct 18 1,190 $21.00 $24,990
11. Oct 18 Buy Norman Feinstein Individual 09. Oct 18 09. Oct 18 2,380 $21.00 $49,980
11. Oct 18 Buy Howard Kent Individual 09. Oct 18 09. Oct 18 27,000 $21.00 $567,000
X
Management checks
We assess Malvern Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Malvern Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

MLVF News

Simply Wall St News

Does Malvern Bancorp, Inc.'s (NASDAQ:MLVF) CEO Pay Compare Well With Peers?

See our latest analysis for Malvern Bancorp How Does Tony Weagley's Compensation Compare With Similar Sized Companies? … With a total shareholder return of 23% over three years, Malvern Bancorp, Inc. … Shareholders should note that compensation for Tony Weagley is under the median of a group of similar sized companies.

Simply Wall St -

Despite Its High P/E Ratio, Is Malvern Bancorp, Inc. (NASDAQ:MLVF) Still Undervalued?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Malvern Bancorp, Inc.'s (NASDAQ:MLVF) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

What You Should Know About Malvern Bancorp, Inc.’s (NASDAQ:MLVF) Risks

As a small-cap bank with a market capitalisation of US$159m, Malvern Bancorp, Inc.’s (NASDAQ:MLVF) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Malvern Bancorp’s bottom line. … Check out our latest analysis for Malvern Bancorp

Simply Wall St -

Did Malvern Bancorp's (NASDAQ:MLVF) Share Price Deserve to Gain 94%?

During the five years of share price growth, Malvern Bancorp moved from a loss to profitability. … Given that the company made a profit three years ago, but not five years ago, it is worth looking at the share price returns over the last three years, too. … Indeed, the Malvern Bancorp share price has gained 24% in three years.

Simply Wall St -

What Makes Malvern Bancorp, Inc. (NASDAQ:MLVF) A Hard Investment?

As a small-cap bank stock with a market capitalisation of US$153m, Malvern Bancorp, Inc.’s (NASDAQ:MLVF) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … These reforms target banking regulations and intends to enhance financial institutions’ ability to absorb shocks resulting from economic stress which could expose banks like Malvern Bancorp to vulnerabilities. … High liquidity and low leverage could position Malvern Bancorp favourably at the face of macro headwinds.

Simply Wall St -

What Kind Of Investor Owns Most Of Malvern Bancorp, Inc. (NASDAQ:MLVF)?

Every investor in Malvern Bancorp, Inc. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Malvern Bancorp is a smaller company with a market capitalization of US$160m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

How Much Did Malvern Bancorp, Inc.'s (NASDAQ:MLVF) CEO Pocket Last Year?

Tony Weagley has been the CEO of Malvern Bancorp, Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Tony Weagley's Compensation Compare With Similar Sized Companies?

Simply Wall St -

How Much Are Malvern Bancorp, Inc. (NASDAQ:MLVF) Insiders Spending On Buying Shares?

Malvern Bancorp Insider Transactions Over The Last Year. … We generally consider it a positive if insiders have been buying on market, even above the current price. … Overall, Malvern Bancorp insiders were net buyers last year

Simply Wall St -

Malvern Bancorp Inc (NASDAQ:MLVF): Commentary On Fundamentals

Malvern Bancorp Inc (NASDAQ:MLVF) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of MLVF, it

Simply Wall St -

Is Malvern Bancorp Inc's (NASDAQ:MLVF) CEO Being Overpaid?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Tony Weagley's Compensation Compare With Similar Sized Companies. … According to our data, Malvern Bancorp Inc has a market capitalization of US$161m, and pays its CEO total annual compensation worth US$670k.

Simply Wall St -

MLVF Company Info

Description

Malvern Bancorp, Inc. operates as the bank holding company for Malvern Bank that provides various banking products and services to consumer and business customers in Pennsylvania. The company accepts checking accounts, retirement accounts, money market accounts, time and savings accounts, interest and non-interest bearing accounts, NOW accounts, and CDARS/ICS reciprocal deposits. Its loan products include residential mortgage loans, such as one class and one-to four-family first lien residential mortgage loans; residential and commercial construction loans, and land loans; commercial loans, such as commercial real estate loans, multi-family real estate loans, industrial loans, and commercial business loans; and consumer loans comprising home equity lines of credit, second mortgage loans, and unsecured consumer lines of credit. The company also offers credit cards; wealth management and advisory services, such as liquidity management, investment, 401k accounts and planning, custody, lending, wealth planning, trust and fiduciary, family wealth advisory, and philanthropic advisory services; insurance services; and wire transfer, automated teller, Internet banking, ACH origination, telephone and mobile banking, safe deposit box, remote deposit capture banking, and mobile remote deposit capture banking services. As of September 30, 2018, the company owns and maintains its headquarters and six full-service financial centers; leases financial centers in Glen Mills and Villanova, Pennsylvania; private banking offices in Morristown, New Jersey and Palm Beach, Florida; and leases representative office in Montchanin, Delaware. Malvern Bancorp, Inc. was founded in 1887 and is based in Paoli, Pennsylvania.

Details
Name: Malvern Bancorp, Inc.
MLVF
Exchange: NasdaqGM
Founded: 1887
$158,512,229
7,676,137
Website: http://ir.malvernbancorp.com
Address: Malvern Bancorp, Inc.
42 East Lancaster Avenue,
Paoli,
Pennsylvania, 19301,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM MLVF Common Stock Nasdaq Global Market US USD 20. May 2008
Number of employees
Current staff
Staff numbers
89
Malvern Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/27 00:14
End of day share price update: 2019/06/26 00:00
Last estimates confirmation: 2019/06/24
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.