MVB Financial (NASDAQ:MVBF) Posts Earnings Results

MVB Financial (NASDAQ:MVBF) announced its earnings results on Thursday. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate 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 Stock Up 0.3 %

Shares of NASDAQ MVBF traded up $0.05 during midday trading on Thursday, hitting $20.00. The stock had a trading volume of 21,512 shares, compared to its average volume of 36,425. The business’s 50 day moving average is $20.17 and its 200-day moving average is $20.39. MVB Financial has a 52 week low of $17.51 and a 52 week 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 company has a market cap of $258.80 million, a P/E ratio of 14.08 and a beta of 1.04.

MVB Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were issued a $0.17 dividend. 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 presently 47.89%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods upped their price target on 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.