Malaga Financial (OTCMKTS:MLGF) Posts Earnings Results

Malaga Financial (OTCMKTS:MLGF) announced its earnings results on Wednesday. The company reported $0.56 EPS for the quarter, Zacks reports.

Malaga Financial Trading Down 0.6 %

OTCMKTS:MLGF traded down $0.13 during midday trading on Wednesday, reaching $21.12. The company had a trading volume of 304 shares, compared to its average volume of 4,260. Malaga Financial has a 12-month low of $21.00 and a 12-month high of $22.75. The firm has a market capitalization of $198.95 million, a price-to-earnings ratio of 8.63 and a beta of 0.47. The stock’s fifty day simple moving average is $22.50 and its 200-day simple moving average is $22.61.

Malaga Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 20th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 4.73%. Malaga Financial’s dividend payout ratio is currently 40.86%.

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.