Freedom Financial (OTCMKTS:FDVA) Posts Earnings Results, Beats Estimates By $0.05 EPS

Freedom Financial (OTCMKTS:FDVA) issued its quarterly earnings results on Thursday. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05, Zacks reports. Freedom Financial had a net margin of 0.59% and a return on equity of 0.44%. The business had revenue of $8.31 million for the quarter, compared to analyst estimates of $15.42 million.

Freedom Financial Stock Performance

Shares of Freedom Financial stock traded up $0.06 on Friday, reaching $12.26. 3,540 shares of the stock were exchanged, compared to its average volume of 6,282. Freedom Financial has a 1-year low of $10.10 and a 1-year high of $12.48. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 0.24. The business has a fifty day moving average price of $11.99 and a two-hundred day moving average price of $11.83. The firm has a market capitalization of $86.68 million, a PE ratio of 245.25 and a beta of 0.08.

About Freedom Financial

Freedom Financial Holdings, Inc operates as the bank holding company for The Freedom Bank of Virginia that provides commercial banking, personal banking, and mortgage banking solutions. The company offers personal and business checking accounts, interest bearing business savings accounts, money market accounts, personal savings accounts, certificates of deposits, and IRAs, as well as insured cash sweep and certificate of deposit account registry services. It also provides business term, personal, and mortgage loans; commercial lines of credit; commercial real estate mortgage and small business lending services; home equity lines; and credit cards.