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

Freedom Financial (OTCMKTS:FDVA) posted its quarterly earnings data on Thursday. The company reported $0.16 earnings per share 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%.

Freedom Financial Price Performance

Freedom Financial stock remained flat at $12.20 during mid-day trading on Thursday. 2,800 shares of the company’s stock were exchanged, compared to its average volume of 6,420. The firm has a market capitalization of $86.23 million, a P/E ratio of 244.05 and a beta of 0.08. Freedom Financial has a 12 month low of $10.10 and a 12 month 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 stock’s fifty day simple moving average is $11.99 and its two-hundred day simple moving average is $11.83.

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.