Mvb Financial Corp. (NASDAQ:MVBF) Plans Quarterly Dividend of $0.17

Mvb Financial Corp. (NASDAQ:MVBF) announced a quarterly dividend on Wednesday, November 19th. Investors of record on Monday, December 1st will be paid a dividend of 0.17 per share on Monday, December 15th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, December 1st.

Mvb Financial has increased its dividend payment by an average of 0.3%annually over the last three years. Mvb Financial has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Equities 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 0.1%

Mvb Financial stock opened at $25.60 on Thursday. The firm has a market cap of $322.05 million, a price-to-earnings ratio of 10.41 and a beta of 1.09. Mvb Financial has a 52-week low of $15.59 and a 52-week high of $27.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a 50 day moving average price of $25.72 and a two-hundred day moving average price of $23.20.

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.