Mvb Financial Corp. (NASDAQ:MVBF) Plans Quarterly Dividend of $0.17

Mvb Financial Corp. (NASDAQ:MVBF) declared a quarterly dividend on Wednesday, February 18th. Investors of record on Sunday, March 1st will be given a dividend of 0.17 per share on Sunday, March 15th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, February 27th.

Mvb Financial has increased its dividend by an average of 0.1%per year over the last three years. Mvb Financial has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Research 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 Down 1.4%

Shares of NASDAQ MVBF opened at $27.71 on Thursday. The business has a 50-day moving average of $27.37 and a 200-day moving average of $26.00. The firm has a market capitalization of $352.47 million, a price-to-earnings ratio of 13.45 and a beta of 0.94. Mvb Financial has a 12 month low of $15.59 and a 12 month high of $29.59. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23.

Mvb Financial (NASDAQ:MVBF) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Mvb Financial had a net margin of 13.37% and a return on equity of 2.12%. The company had revenue of $39.08 million during the quarter, compared to the consensus estimate of $35.13 million. Sell-side analysts expect that Mvb Financial will post 1.4 earnings per share for the current fiscal year.

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.