MVB Financial (NASDAQ:MVBF) Announces Quarterly Earnings Results

MVB Financial (NASDAQ:MVBF) posted 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 net margin of 8.49% and a return on equity of 6.29%. The business had revenue of $46.18 million for the quarter, compared to analysts’ expectations of $33.60 million.

MVB Financial Price Performance

Shares of MVB Financial stock traded up $0.14 on Friday, hitting $20.14. 27,040 shares of the company traded hands, compared to its average volume of 36,375. The firm’s 50-day simple moving average is $20.10 and its 200 day simple moving average is $20.36. 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 has a market cap of $260.61 million, a P/E ratio of 14.18 and a beta of 1.04. MVB Financial has a 12-month low of $17.51 and a 12-month high of $25.24.

MVB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.38%. The ex-dividend date was Friday, November 29th. MVB Financial’s dividend payout ratio (DPR) is currently 47.89%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased 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.

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.