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Malaga Financial (OTCMKTS:MLGF) Stock Price Up 0% - Should You Buy?

Malaga Financial logo with Finance background

Key Points

  • Malaga Financial's stock price remained stable, closing at $21.42, with a slight increase in trading volume of 74% compared to the average session.
  • The company reported $0.58 earnings per share for the quarter ending October 9th, and has declared a quarterly dividend of $0.25, reflecting a yield of 4.7%.
  • Malaga Financial has a market cap of $201.73 million and a low beta of 0.13, indicating lower volatility compared to the market.
  • Five stocks to consider instead of Malaga Financial.

Malaga Financial Corp. (OTCMKTS:MLGF - Get Free Report)'s stock price traded up 0% on Wednesday . The stock traded as high as $21.50 and last traded at $21.42. 3,700 shares changed hands during mid-day trading, an increase of 74% from the average session volume of 2,124 shares. The stock had previously closed at $21.41.

Malaga Financial Stock Up 0.0%

The company's fifty day moving average is $20.51 and its two-hundred day moving average is $20.56. The stock has a market cap of $201.73 million, a price-to-earnings ratio of 9.31 and a beta of 0.13.

Malaga Financial (OTCMKTS:MLGF - Get Free Report) last issued its earnings results on Thursday, October 9th. The company reported $0.58 earnings per share for the quarter.

Malaga Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 23rd were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.7%. Malaga Financial's dividend payout ratio is currently 43.48%.

Malaga Financial Company Profile

(Get Free Report)

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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