MVB Financial (NASDAQ:MVBF - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.39, Zacks reports. MVB Financial had a return on equity of 6.29% and a net margin of 8.49%. The company had revenue of $46.18 million for the quarter, compared to analyst estimates of $33.60 million.
MVB Financial Stock Up 0.7 %
NASDAQ:MVBF traded up $0.14 during trading hours on Monday, reaching $20.14. 27,040 shares of the company traded hands, compared to its average volume of 36,375. The business's 50-day moving average price is $20.07 and its two-hundred day moving average price is $20.30. The stock has a market capitalization of $260.61 million, a P/E ratio of 14.18 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 Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date was Friday, November 29th. MVB Financial's payout ratio is 47.89%.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods lifted their price target on MVB Financial from $24.00 to $26.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th.
View Our Latest Stock Analysis on MVBF
About MVB Financial
(
Get Free Report)
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.
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