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

Mvb Financial Corp. (NASDAQ:MVBF) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Monday, June 1st will be given a dividend of 0.17 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, June 1st.

Mvb Financial has increased its dividend 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 $2.57 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 26.5%.

Mvb Financial Stock Up 0.8%

Mvb Financial stock opened at $25.47 on Thursday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average is $25.62 and its 200 day moving average is $26.54. Mvb Financial has a 12-month low of $18.80 and a 12-month high of $29.59. The company has a market capitalization of $327.29 million, a PE ratio of 11.68 and a beta of 0.82.

Mvb Financial (NASDAQ:MVBF) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. Mvb Financial had a net margin of 13.98% and a return on equity of 2.54%. The firm had revenue of $36.53 million for the quarter, compared to the consensus estimate of $37.72 million. As a group, sell-side analysts predict that Mvb Financial will post 1.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on MVBF. Hovde Group upped their price objective on shares of Mvb Financial from $31.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Weiss Ratings downgraded shares of Mvb Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Raymond James Financial downgraded shares of Mvb Financial from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. TD Cowen lowered their price objective on shares of Mvb Financial from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Mvb Financial from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Mvb Financial currently has a consensus rating of “Moderate Buy” and an average price target of $31.25.

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.