MVB Financial (MVBF) to Release Earnings on Wednesday

MVB Financial (NASDAQ:MVBF - Get Free Report) is projected to release its earnings data before the market opens on Wednesday, February 12th. Analysts expect MVB Financial to post earnings of $0.33 per share and revenue of $34.57 million for the quarter.

MVB Financial Stock Performance

Shares of MVBF stock traded up $0.19 during trading on Friday, reaching $19.84. 19,728 shares of the company's stock traded hands, compared to its average volume of 36,375. The firm's 50-day moving average is $20.24 and its 200 day moving average is $20.50. The company has a market capitalization of $256.75 million, a P/E ratio of 13.97 and a beta of 1.04. 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.

MVB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.68 annualized dividend and a dividend yield of 3.43%. MVB Financial's dividend payout ratio is currently 47.89%.

Wall Street Analysts Forecast Growth

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

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.