MVB Financial (NASDAQ:MVBF) Issues Earnings Results

MVB Financial (NASDAQ:MVBF) announced its earnings results on Monday. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04), Yahoo Finance reports. MVB Financial had a net margin of 14.91% and a return on equity of 8.12%.

MVB Financial Price Performance

MVB Financial stock opened at $19.31 on Tuesday. The company has a market cap of $247.94 million, a P/E ratio of 8.05 and a beta of 1.00. MVB Financial has a one year low of $16.43 and a one year high of $27.23. The business has a fifty day moving average of $20.87 and a two-hundred day moving average of $21.22. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.94 and a current ratio of 0.94.

MVB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Thursday, February 29th. MVB Financial’s dividend payout ratio is presently 28.33%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods lowered their price objective on shares of MVB Financial from $26.00 to $25.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. JPMorgan Chase & Co. lowered their target price on shares of MVB Financial from $30.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, April 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.