Malaga Financial (OTCMKTS:MLGF) Issues Earnings Results

Key Points

• Malaga Financial reported a quarterly EPS of $0.58 with a market cap of $200.35 million.
• The company declared a quarterly dividend of $0.25, providing an annualized yield of 4.7%.
• Malaga Financial's stock is currently trading at $21.26 with a PE ratio of 9.20 and a low of $20.05 and high of $23.75 over the last year.

Malaga Financial (OTCMKTS:MLGF - Get Free Report) released its quarterly earnings data on Thursday. The company reported $0.58 EPS for the quarter, Zacks reports.

Malaga Financial Stock Performance

OTCMKTS MLGF traded up $0.46 on Thursday, reaching $21.26. The company's stock had a trading volume of 500 shares, compared to its average volume of 3,025. Malaga Financial has a twelve month low of $20.05 and a twelve month high of $23.75. The stock has a market cap of $200.35 million, a PE ratio of 9.20 and a beta of 0.13. The firm's 50 day moving average is $20.44 and its two-hundred day moving average is $20.57.

Malaga Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 23rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.7%. Malaga Financial's dividend payout ratio (DPR) is presently 43.29%.

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.

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