MVB Financial (NASDAQ:MVBF) Releases Earnings Results, Beats Expectations By $0.39 EPS

MVB Financial (NASDAQ:MVBF) posted its quarterly earnings results on Thursday. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.33 by $0.39, Zacks reports. MVB Financial had a net margin of 8.49% and a return on equity of 6.29%.

MVB Financial Stock Up 0.3 %

MVBF traded up $0.05 during trading hours on Thursday, reaching $20.00. 21,513 shares of the stock traded hands, compared to its average volume of 36,425. The firm’s fifty day simple moving average is $20.17 and its two-hundred day simple moving average is $20.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $258.80 million, a price-to-earnings ratio of 14.08 and a beta of 1.04. MVB Financial has a fifty-two week low of $17.51 and a fifty-two week high of $25.24.

MVB Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 3.40%. The ex-dividend date was Friday, November 29th. MVB Financial’s dividend payout ratio (DPR) is 47.89%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods increased their price objective on shares of MVB Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th.

MVB Financial Company Profile

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.