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

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

Malaga Financial Price Performance

The company has a market cap of $203.85 million, a PE ratio of 8.83 and a beta of 0.49. The business has a 50 day moving average of $22.86 and a 200 day moving average of $22.72.

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

Malaga Financial Announces Dividend

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

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.