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

Mvb Financial Corp. (NASDAQ:MVBF) declared a quarterly dividend on Wednesday, February 18th. Investors of record on Sunday, March 1st will be paid a dividend of 0.17 per share on Sunday, March 15th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, February 27th.

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. Equities 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 Price Performance

Shares of NASDAQ MVBF opened at $27.71 on Thursday. The stock has a market capitalization of $352.47 million, a price-to-earnings ratio of 13.45 and a beta of 0.94. Mvb Financial has a fifty-two week low of $15.59 and a fifty-two week high of $29.59. The business has a 50-day moving average of $27.37 and a 200-day moving average of $26.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.96 and a quick ratio of 0.96.

Mvb Financial (NASDAQ:MVBF) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Mvb Financial had a return on equity of 2.12% and a net margin of 13.37%.The company had revenue of $39.08 million for the quarter, compared to analysts’ expectations of $35.13 million. As a group, sell-side analysts predict that Mvb Financial will post 1.4 earnings per share for the current fiscal year.

Mvb Financial Company Profile

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.