Mvb Financial Corp. (NASDAQ:MVBF – Get Free Report) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Monday, June 1st will be given a dividend of 0.17 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 1st.
Mvb Financial has increased its dividend payment by an average of 0.1%per year over the last three years. Mvb Financial has a payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Mvb Financial to earn $2.57 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 26.5%.
Mvb Financial Trading Up 0.8%
Mvb Financial stock opened at $25.47 on Thursday. The company’s fifty day simple moving average is $25.62 and its 200-day simple moving average is $26.54. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.16. Mvb Financial has a 12 month low of $18.80 and a 12 month high of $29.59. The stock has a market cap of $327.29 million, a P/E ratio of 11.68 and a beta of 0.82.
Analysts Set New Price Targets
Several research firms have recently commented on MVBF. Weiss Ratings cut shares of Mvb Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of Mvb Financial from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. TD Cowen reduced their price objective on shares of Mvb Financial from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Raymond James Financial lowered shares of Mvb Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Finally, Hovde Group lifted their price objective on shares of Mvb Financial from $31.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Mvb Financial has an average rating of “Moderate Buy” and a consensus target price of $31.25.
View Our Latest Report on MVBF
Mvb Financial Company Profile
MVB Financial Corp is a bank holding company based in Fairmont, West Virginia, serving individuals and businesses through its subsidiary, MVB Bank, Inc The company operates under a “Local First Banking” philosophy, emphasizing personalized service across its branch network. Its core business activities include deposit-taking, commercial lending, residential mortgage origination, and wealth management services.
On the deposit side, MVB Bank offers a range of products such as checking and savings accounts, money market accounts, and certificates of deposit.
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