Malaga Financial (OTCMKTS:MLGF) Stock Price Down 2.8% - Here's What Happened

Key Points

• Malaga Financial Corp. (OTCMKTS:MLGF) experienced a 2.8% decline in stock price, trading at $20.50 during the latest session.
• The company announced a quarterly dividend of $0.25, resulting in a 4.9% yield, with payment scheduled for October 1st.
• In its last earnings report on July 16th, Malaga Financial reported an EPS of $0.59 for the quarter.

Malaga Financial Corp. (OTCMKTS:MLGF - Get Free Report)'s share price fell 2.8% during trading on Wednesday . The stock traded as low as $20.50 and last traded at $20.50. 888 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 1,627 shares. The stock had previously closed at $21.08.

Malaga Financial Trading Down 2.8%

The firm has a fifty day simple moving average of $20.47 and a 200 day simple moving average of $20.57. The stock has a market cap of $193.11 million, a price-to-earnings ratio of 8.87 and a beta of 0.14.

Malaga Financial (OTCMKTS:MLGF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.59 EPS for the quarter.

Malaga Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 23rd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.9%. Malaga Financial's dividend payout ratio (DPR) is 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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