Malaga Financial (OTCMKTS:MLGF) Trading Down 0.2% – Time to Sell?

Malaga Financial Co. (OTCMKTS:MLGF) shares were down 0.2% during mid-day trading on Monday . The company traded as low as $22.70 and last traded at $22.70. Approximately 780 shares traded hands during 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 has a fifty day moving average price of $22.86 and a 200 day moving average price of $22.72. The company has a market cap of $203.85 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 (EPS) for the quarter.

Malaga Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Friday, September 20th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $1.00 dividend on an annualized basis and a yield of 4.41%. Malaga Financial’s payout ratio is 38.91%.

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.