Shares of Malaga Financial (OTCMKTS:MLGF) are down 0.7% – Here’s why

Malaga Financial Co. (OTCMKTS:MLGF – Get Free Report ) traded down 0.7% during trading on Monday. The company traded as high as $22.60 and last traded at $22.70. 2,203 shares traded hands during mid-day trading, down 29% from the session’s average volume of 3,113 shares. Shares previously closed at $22.85.

Performance of Malaga financial stocks

The company 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 cap of $205.53 million, a price-to-earnings ratio of 8.84 and a beta of 0.49.

Malaga Financial (OTCMKTS:MLGF – Get Free Report ) last posted 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 an annualized dividend of $1.00 and a dividend yield of 4.37%. The ex-dividend date of this dividend was Friday, September 20. Malaga Financial’s dividend payout ratio (DPR) is 38.61%.

Malaga financial company profile

(Get a free report)

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

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