MVB Financial Corp. (NASDAQ:MVBF) to Issue Quarterly Dividend of $0.17

MVB Financial Corp. (NASDAQ:MVBF) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Saturday, March 1st will be given a dividend of 0.17 per share on Saturday, March 15th. This represents a $0.68 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date is Friday, February 28th.

MVB Financial has increased its dividend payment by an average of 10.1% annually over the last three years. MVB Financial has a dividend payout ratio of 29.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect MVB Financial to earn $2.50 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 27.2%.

MVB Financial Stock Down 2.3 %

MVBF stock opened at $19.03 on Friday. The firm has a market cap of $246.25 million, a PE ratio of 12.44 and a beta of 1.04. MVB Financial has a twelve month low of $17.51 and a twelve month high of $25.24. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average of $19.93 and a 200 day moving average of $20.28.

MVB Financial (NASDAQ:MVBF) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.39. MVB Financial had a return on equity of 6.76% and a net margin of 8.78%. The firm had revenue of $46.18 million for the quarter, compared to the consensus estimate of $33.60 million. On average, research analysts forecast that MVB Financial will post 1.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their price objective on MVB Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a report 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.