MVB Financial Corp. Announces Quarterly Dividend of $0.17 (NASDAQ:MVBF)

MVB Financial Corp. (NASDAQ:MVBF) announced a quarterly dividend on Friday, February 14th, Wall Street Journal reports. Stockholders 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 dividend yield of 3.56%. The ex-dividend date of this dividend is Friday, February 28th.

MVB Financial has raised its dividend by an average of 10.1% per year over the last three years. MVB Financial has a payout ratio of 29.4% 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 Up 1.3 %

Shares of MVB Financial stock opened at $19.11 on Wednesday. MVB Financial has a 1 year low of $17.51 and a 1 year high of $25.24. The company has a market cap of $247.25 million, a P/E ratio of 12.53 and a beta of 1.04. 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 stock has a 50-day moving average price of $19.79 and a 200 day moving average price of $20.25.

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

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped their price target 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.

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.