MVB Financial (NASDAQ:MVBF) Announces Quarterly Earnings Results

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

MVB Financial Trading Up 0.3 %

Shares of NASDAQ:MVBF traded up $0.05 during trading on Thursday, reaching $20.00. The company’s stock had a trading volume of 21,512 shares, compared to its average volume of 36,425. The stock has a market capitalization of $258.80 million, a PE ratio of 14.08 and a beta of 1.04. MVB Financial has a 12 month low of $17.51 and a 12 month high of $25.24. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The firm’s 50 day simple moving average is $20.17 and its two-hundred day simple moving average is $20.39.

MVB Financial Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their price target on MVB Financial from $24.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th.

About MVB Financial

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.