Malaga Financial (OTCMKTS:MLGF) Stock Price Down 0.2% – Here’s Why

Malaga Financial Co. (OTCMKTS:MLGF) traded down 0.2% on Monday . The company traded as low as $22.70 and last traded at $22.70. 780 shares changed hands during trading, a decline of 75% from the average session volume of 3,165 shares. The stock had previously closed at $22.75.

Malaga Financial Stock Performance

The company has a fifty day simple moving average of $22.86 and a two-hundred day simple moving average of $22.72. The firm has a market capitalization of $203.73 million, a PE ratio of 8.83 and a beta of 0.49.

Malaga Financial (OTCMKTS:MLGF) last released its quarterly earnings data on Tuesday, October 15th. The company reported $0.62 earnings per share for the quarter.

Malaga Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 20th were given a $0.25 dividend. The ex-dividend date was Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 4.41%. Malaga Financial’s payout ratio is presently 38.91%.

About Malaga Financial

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.