MVB Financial (NASDAQ:MVBF) Releases Quarterly Earnings Results

MVB Financial (NASDAQ:MVBF) issued its quarterly earnings results on Thursday. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.39, Zacks reports. MVB Financial had a net margin of 8.49% and a return on equity of 6.29%.

MVB Financial Trading Up 0.3 %

Shares of MVBF traded up $0.05 during mid-day trading on Thursday, hitting $20.00. The company had a trading volume of 21,513 shares, compared to its average volume of 36,425. MVB Financial has a 1-year low of $17.51 and a 1-year high of $25.24. The business’s 50-day simple moving average is $20.17 and its 200-day simple moving average is $20.39. The stock has a market cap of $258.80 million, a PE ratio of 14.08 and a beta of 1.04. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.24.

MVB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Friday, November 29th. MVB Financial’s dividend payout ratio is currently 47.89%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lifted their target price on shares of MVB Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th.

MVB Financial Company Profile

MVB Financial Corp. operates as bank holding company for MVB Bank, Inc that provides financial services to individuals and corporate clients. The company operates through three segments: CoRe Banking, Mortgage Banking, and The Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and commercial, consumer, and real estate mortgage loans, as well as lines of credit.