Freedom Financial (OTCMKTS:FDVA) Posts Earnings Results, Beats Expectations By $0.06 EPS

Freedom Financial (OTCMKTS:FDVA) released its quarterly earnings data on Friday. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.06, Zacks reports. Freedom Financial had a negative return on equity of 1.17% and a negative net margin of 1.62%. The business had revenue of $8.11 million during the quarter, compared to analyst estimates of $15.86 million.

Freedom Financial Price Performance

Shares of FDVA stock remained flat at $11.66 on Friday. The company’s 50-day moving average price is $11.89 and its two-hundred day moving average price is $12.06. Freedom Financial has a 1-year low of $11.00 and a 1-year high of $12.48. The firm has a market cap of $80.32 million, a P/E ratio of -83.26 and a beta of 0.07. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.91 and a current ratio of 0.93.

Freedom Financial Company Profile

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.