MVB Financial (NASDAQ:MVBF) issued its earnings results on Sunday. The company reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.07), MarketWatch Earnings reports. MVB Financial had a return on equity of 13.86% and a net margin of 17.16%.
NASDAQ MVBF traded down $0.43 during trading hours on Tuesday, reaching $40.84. 47,191 shares of the company were exchanged, compared to its average volume of 49,775. MVB Financial has a 1 year low of $11.51 and a 1 year high of $41.92. The business’s 50 day simple moving average is $35.93 and its 200-day simple moving average is $26.68. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $473.34 million, a P/E ratio of 16.72 and a beta of 1.00.
The company also recently announced a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, March 1st were issued a $0.10 dividend. The ex-dividend date was Friday, February 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.98%. This is an increase from MVB Financial’s previous quarterly dividend of $0.09. MVB Financial’s dividend payout ratio is currently 18.52%.
A number of research analysts have weighed in on MVBF shares. Piper Sandler reaffirmed a “neutral” rating and issued a $38.00 price objective (up from $24.00) on shares of MVB Financial in a research note on Thursday, March 18th. Zacks Investment Research upgraded shares of MVB Financial from a “hold” rating to a “strong-buy” rating and set a $40.00 target price for the company in a report on Wednesday, March 17th.
MVB Financial Company Profile
MVB Financial Corp., together with its subsidiaries, provides banking and mortgage products and services to individuals and corporate clients in the United States. The company operates through three segments: Commercial and Retail Banking; Mortgage Banking; and Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and grants various types of loans, including commercial and commercial real estate loans, residential real estate loans, home equity lines of credit, and consumer loans.
Read More: Return on Investment (ROI)
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