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

MVB Financial Corp. (NASDAQ:MVBF) announced a quarterly dividend on Friday, February 14th, Wall Street Journal reports. Investors of record on Saturday, March 1st will be paid a dividend of 0.17 per share on Saturday, March 15th. This represents a $0.68 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Friday, February 28th.

MVB Financial has raised its dividend payment by an average of 10.1% annually over the last three years. MVB Financial has a payout ratio of 29.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect MVB Financial to earn $2.50 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 27.2%.

MVB Financial Stock Up 1.3 %

Shares of MVBF stock opened at $19.11 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $247.25 million, a PE ratio of 12.53 and a beta of 1.04. The business’s fifty day moving average is $19.79 and its 200-day moving average is $20.25. MVB Financial has a 1 year low of $17.51 and a 1 year high of $25.24.

MVB Financial (NASDAQ:MVBF) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.39. The company had revenue of $46.18 million for the quarter, compared to analysts’ expectations of $33.60 million. MVB Financial had a net margin of 8.78% and a return on equity of 6.76%. Equities analysts expect that MVB Financial will post 1.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their price objective on MVB Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th.

About MVB Financial

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.