Malaga Financial (OTCMKTS:MLGF) Announces Quarterly Earnings Results

Malaga Financial (OTCMKTS:MLGF - Get Free Report) announced its earnings results on Tuesday. The company reported $0.57 earnings per share (EPS) for the quarter, Zacks reports.

Malaga Financial Stock Performance

Shares of OTCMKTS MLGF remained flat at $20.35 during midday trading on Friday. 5 shares of the stock were exchanged, compared to its average volume of 4,138. The firm has a fifty day simple moving average of $20.76 and a 200 day simple moving average of $21.84. Malaga Financial has a 1 year low of $20.12 and a 1 year high of $23.75. The company has a market cap of $191.78 million, a price-to-earnings ratio of 8.49 and a beta of 0.29.

Malaga Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 24th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date was Monday, March 24th. Malaga Financial's dividend payout ratio is presently 42.92%.

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.