MVB Financial (NASDAQ:MVBF) Issues Earnings Results

MVB Financial (NASDAQ:MVBF) announced its quarterly earnings data on Monday. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.04), Yahoo Finance reports. MVB Financial had a return on equity of 8.12% and a net margin of 14.91%.

MVB Financial Stock Performance

Shares of NASDAQ MVBF opened at $19.31 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $20.87 and its two-hundred day moving average price is $21.22. MVB Financial has a 52-week low of $16.43 and a 52-week high of $27.23. The stock has a market capitalization of $247.94 million, a P/E ratio of 8.05 and a beta of 1.00.

MVB Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Thursday, February 29th. MVB Financial’s dividend payout ratio is presently 28.33%.

Wall Street Analyst Weigh In

A number of research firms recently commented on MVBF. Keefe, Bruyette & Woods decreased their price target on MVB Financial from $26.00 to $25.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. JPMorgan Chase & Co. reduced their target price on MVB Financial from $30.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, April 4th.

About MVB Financial

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.