Mvb Financial Corp. (NASDAQ:MVBF) to Issue Quarterly Dividend of $0.17

Mvb Financial Corp. (NASDAQ:MVBF) announced a quarterly dividend on Wednesday, August 19th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.17 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 1st.

Mvb Financial has raised its dividend payment by an average of 0.1%annually over the last three years. Mvb Financial has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Mvb Financial to earn $2.52 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 27.0%.

Mvb Financial Price Performance

MVBF opened at $30.30 on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $392.99 million, a PE ratio of 10.24 and a beta of 0.80. The stock’s 50 day moving average price is $29.28 and its 200-day moving average price is $27.43. Mvb Financial has a 52-week low of $22.87 and a 52-week high of $31.99.

Mvb Financial (NASDAQ:MVBF) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.59. The business had revenue of $50.73 million for the quarter, compared to analysts’ expectations of $36.94 million. Mvb Financial had a net margin of 17.53% and a return on equity of 2.86%. On average, equities research analysts predict that Mvb Financial will post 1.63 EPS for the current year.

About Mvb Financial

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.