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

Mvb Financial Corp. (NASDAQ:MVBFGet 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.

Mvb Financial (NASDAQ:MVBFGet Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. Mvb Financial had a net margin of 13.98% and a return on equity of 2.54%. The business had revenue of $36.53 million for the quarter, compared to analysts’ expectations of $37.72 million. As a group, sell-side analysts forecast that Mvb Financial will post 1.69 EPS for the current fiscal year.

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

(Get Free Report)

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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Dividend History for Mvb Financial (NASDAQ:MVBF)

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