MVB Financial (NASDAQ:MVBF – Get Free Report) released its earnings results on Thursday. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.
MVB Financial Stock Up 1.9 %
Shares of MVBF stock traded up $0.39 on Friday, hitting $20.39. The stock had a trading volume of 2,337 shares, compared to its average volume of 35,302. The firm has a market capitalization of $263.78 million, a price-to-earnings ratio of 14.36 and a beta of 1.04. The stock’s 50 day moving average is $20.14 and its 200-day moving average is $20.38. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. MVB Financial has a 52-week low of $17.51 and a 52-week high of $25.24.
MVB Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.68 annualized dividend and a dividend yield of 3.34%. MVB Financial’s dividend payout ratio (DPR) is presently 47.89%.
Wall Street Analyst Weigh In
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.
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