Malaga Financial (OTCMKTS:MLGF) Shares Down 0.7% – Here’s Why

Malaga Financial Co. (OTCMKTS:MLGF) traded down 0.7% during trading on Monday . The company traded as low as $22.60 and last traded at $22.70. 2,203 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 3,113 shares. The stock had previously closed at $22.85.

Malaga Financial Stock Performance

The business has a 50-day simple moving average of $22.65 and a two-hundred day simple moving average of $22.68. The company has a market capitalization of $205.53 million, a price-to-earnings ratio of 8.84 and a beta of 0.49.

Malaga Financial (OTCMKTS:MLGF) last issued its quarterly earnings results on Friday, July 12th. The company reported $0.64 earnings per share (EPS) for the quarter.

Malaga Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 20th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend was Friday, September 20th. Malaga Financial’s dividend payout ratio (DPR) is 38.61%.

Malaga Financial Company Profile

Malaga Financial Corporation operates as the holding company for Malaga Bank that provides various community banking products and services to personal and business customers. It offers checking, savings, NOW, and money market accounts, certificates of deposits, business banking, consumer, and demand deposits.