Malaga Financial (OTCMKTS:MLGF) Trading Down 0.2% – Should You Sell?

Malaga Financial Co. (OTCMKTS:MLGF) shares dropped 0.2% on Monday . The stock traded as low as $22.70 and last traded at $22.70. Approximately 780 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 3,165 shares. The stock had previously closed at $22.75.

Malaga Financial Price Performance

The company’s fifty day simple moving average is $22.86 and its 200-day simple moving average is $22.72. The firm has a market capitalization of $203.73 million, a PE ratio of 8.83 and a beta of 0.49.

Malaga Financial (OTCMKTS:MLGF) last announced its earnings results on Tuesday, October 15th. The company reported $0.62 earnings per share for the quarter.

Malaga Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Friday, September 20th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 annualized dividend and a dividend yield of 4.41%. Malaga Financial’s dividend payout ratio (DPR) is currently 38.91%.

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.