MVB Financial Corp. (NASDAQ:MVBF) Declares Quarterly Dividend of $0.17

MVB Financial Corp. (NASDAQ:MVBF) declared a quarterly dividend on Friday, February 14th, Wall Street Journal reports. Shareholders of record on Saturday, March 1st will be paid a dividend of 0.17 per share on Saturday, March 15th. This represents a $0.68 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date is Friday, February 28th.

MVB Financial has raised its dividend payment by an average of 10.1% annually over the last three years. MVB Financial has a payout ratio of 29.4% indicating that its dividend is sufficiently covered by earnings. 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 Performance

NASDAQ:MVBF opened at $19.08 on Wednesday. The stock’s 50-day moving average is $19.79 and its 200-day moving average is $20.25. MVB Financial has a 1-year low of $17.51 and a 1-year high of $25.24. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a market cap of $246.91 million, a P/E ratio of 12.47 and a beta of 1.04.

MVB Financial (NASDAQ:MVBF) last posted its earnings results on Thursday, February 13th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.39. The firm had revenue of $46.18 million for the quarter, compared to analyst estimates of $33.60 million. MVB Financial had a net margin of 8.78% and a return on equity of 6.76%. Equities research analysts anticipate that MVB Financial will post 1.4 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods increased their price objective on MVB Financial from $24.00 to $26.00 and gave the company an “outperform” rating in a 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.