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

MVB Financial Corp. (NASDAQ:MVBF - Get Free Report) declared a quarterly dividend on Friday, February 14th, Wall Street Journal reports. Investors of record on Saturday, March 1st will be given a dividend of 0.17 per share on Saturday, March 15th. This represents a $0.68 annualized dividend and a yield of 3.58%. The ex-dividend date is Friday, February 28th.

MVB Financial has raised its dividend by an average of 10.1% annually over the last three years. MVB Financial has a dividend payout ratio of 29.4% indicating that 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 Trading Down 0.1 %

MVBF traded down $0.02 during trading on Friday, hitting $19.01. 30,015 shares of the company's stock were exchanged, compared to its average volume of 27,863. The stock has a 50 day moving average price of $19.88 and a 200 day moving average price of $20.27. MVB Financial has a 1 year low of $17.51 and a 1 year high of $25.24. 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 firm has a market cap of $245.99 million, a P/E ratio of 12.42 and a beta of 1.04.

MVB Financial (NASDAQ:MVBF - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.39. MVB Financial had a net margin of 8.78% and a return on equity of 6.76%. The business had revenue of $46.18 million during the quarter, compared to the consensus estimate of $33.60 million. 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 lifted their target price on MVB Financial from $24.00 to $26.00 and gave the stock an "outperform" rating in a research report 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.