MVB Financial (NASDAQ:MVBF) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS
MVB Financial (NASDAQ:MVBF) posted its earnings results on Sunday. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.07), MarketWatch Earnings reports. MVB Financial had a net margin of 17.16% and a return on equity of 13.86%.
NASDAQ:MVBF opened at $41.27 on Tuesday. The firm’s 50-day moving average is $35.93 and its 200-day moving average is $26.68. The company has a market cap of $478.32 million, a price-to-earnings ratio of 17.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.92 and a current ratio of 0.92. MVB Financial has a 52-week low of $11.51 and a 52-week high of $41.92.
The business also recently declared a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 1st were issued a $0.10 dividend. The ex-dividend date was Friday, February 26th. This is an increase from MVB Financial’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 0.97%. MVB Financial’s dividend payout ratio is 18.52%.
About MVB Financial
MVB Financial Corp., together with its subsidiaries, provides banking and mortgage products and services to individuals and corporate clients in the United States. The company operates through three segments: Commercial and Retail Banking; Mortgage Banking; and Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and grants various types of loans, including commercial and commercial real estate loans, residential real estate loans, home equity lines of credit, and consumer loans.
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