Mvb Financial Corp. (MVBF) to Issue Quarterly Dividend of $0.17 on June 15th

Mvb Financial Corp. (NASDAQ:MVBF) announced a quarterly dividend on Wednesday, May 20th. Investors of record on Monday, June 1st will be given a dividend of 0.17 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Monday, June 1st.

Mvb Financial has increased its dividend by an average of 0.1%annually over the last three years. Mvb Financial has a payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Mvb Financial to earn $2.57 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 26.5%.

Mvb Financial Stock Performance

Mvb Financial stock opened at $25.83 on Friday. The firm’s 50 day simple moving average is $25.62 and its 200 day simple moving average is $26.55. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $331.92 million, a PE ratio of 11.85 and a beta of 0.82. Mvb Financial has a 1-year low of $18.80 and a 1-year high of $29.59.

Mvb Financial (NASDAQ:MVBF) last posted its earnings results on Wednesday, April 29th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $36.53 million for the quarter, compared to analyst estimates of $37.72 million. Mvb Financial had a net margin of 13.98% and a return on equity of 2.54%. As a group, analysts expect that Mvb Financial will post 1.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. TD Cowen decreased their target price on shares of Mvb Financial from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Raymond James Financial lowered shares of Mvb Financial from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Weiss Ratings lowered shares of Mvb Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Hovde Group upped their target price on shares of Mvb Financial from $31.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Wall Street Zen raised shares of Mvb Financial from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $31.25.

Mvb Financial Company Profile

MVB Financial Corp is a bank holding company based in Fairmont, West Virginia, serving individuals and businesses through its subsidiary, MVB Bank, Inc The company operates under a “Local First Banking” philosophy, emphasizing personalized service across its branch network. Its core business activities include deposit-taking, commercial lending, residential mortgage origination, and wealth management services.

On the deposit side, MVB Bank offers a range of products such as checking and savings accounts, money market accounts, and certificates of deposit.