Malaga Financial (OTCMKTS:MLGF) Announces Earnings Results

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

Malaga Financial Stock Down 0.6 %

OTCMKTS:MLGF traded down $0.13 on Wednesday, hitting $21.12. The stock had a trading volume of 304 shares, compared to its average volume of 4,260. The business’s 50-day simple moving average is $22.50 and its two-hundred day simple moving average is $22.61. Malaga Financial has a 52-week low of $21.00 and a 52-week high of $22.75. The stock has a market cap of $198.95 million, a price-to-earnings ratio of 8.63 and a beta of 0.47.

Malaga Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 20th were issued 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 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.