MVB Financial (NASDAQ:MVBF) posted its quarterly earnings results on Sunday. The company reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.07), MarketWatch Earnings reports. MVB Financial had a return on equity of 13.86% and a net margin of 17.16%.
MVBF traded down $0.43 during mid-day trading on Tuesday, hitting $40.84. The stock had a trading volume of 47,191 shares, compared to its average volume of 49,775. The stock’s fifty day simple moving average is $36.03 and its 200-day simple moving average is $26.79. The firm has a market capitalization of $473.34 million, a price-to-earnings ratio of 16.88 and a beta of 1.00. MVB Financial has a 1-year low of $11.51 and a 1-year high of $41.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.92 and a quick ratio of 0.92.
The company also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 1st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Friday, February 26th. This is an increase from MVB Financial’s previous quarterly dividend of $0.09. MVB Financial’s dividend payout ratio is presently 18.52%.
Several analysts have commented on MVBF shares. Zacks Investment Research upgraded shares of MVB Financial from a “hold” rating to a “strong-buy” rating and set a $40.00 target price for the company in a research report on Wednesday, March 17th. Piper Sandler reiterated a “neutral” rating and issued a $38.00 price objective (up previously from $24.00) on shares of MVB Financial in a report on Thursday, March 18th.
MVB Financial Company Profile
MVB Financial Corp., together with its subsidiaries, provides banking and mortgage products and services to individuals and corporate clients in the United States. The company operates through three segments: Commercial and Retail Banking; Mortgage Banking; and Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and grants various types of loans, including commercial and commercial real estate loans, residential real estate loans, home equity lines of credit, and consumer loans.
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