Malaga Financial (OTCMKTS:MLGF) Posts Quarterly Earnings Results

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

Malaga Financial Price Performance

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

Malaga Financial Dividend Announcement

The business also recently announced 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date was Friday, December 20th. Malaga Financial’s dividend payout ratio (DPR) is presently 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.