MVB Financial (MVBF) Projected to Post Earnings on Wednesday

MVB Financial (NASDAQ:MVBF) is anticipated to post its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect MVB Financial to post earnings of $0.33 per share and revenue of $34.57 million for the quarter.

MVB Financial Stock Up 1.2 %

NASDAQ:MVBF opened at $19.59 on Wednesday. The company has a market cap of $253.49 million, a PE ratio of 13.80 and a beta of 1.04. 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 company’s 50 day moving average is $20.40 and its two-hundred day moving average is $20.56. MVB Financial has a twelve month low of $17.51 and a twelve month high of $25.24.

MVB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Sunday, December 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.47%. The ex-dividend date was Friday, November 29th. MVB Financial’s payout ratio is 47.89%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods raised 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.

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.