Malaga Financial (OTCMKTS:MLGF) Posts Earnings Results

Malaga Financial (OTCMKTS:MLGF - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.59 EPS for the quarter, Zacks reports.

Malaga Financial Stock Performance

MLGF traded down $0.10 on Friday, reaching $20.30. The company had a trading volume of 1,172 shares, compared to its average volume of 2,486. The stock has a market cap of $191.23 million, a P/E ratio of 8.79 and a beta of 0.15. Malaga Financial has a fifty-two week low of $20.10 and a fifty-two week high of $23.75. The company's fifty day moving average is $20.46 and its 200 day moving average is $20.83.

Malaga Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 23rd were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.93%. Malaga Financial's dividend payout ratio (DPR) is currently 42.92%.

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.