Mvb Financial Corp. (MVBF) to Distribute Quarterly Dividend of $0.17 on September 15th

Mvb Financial Corp. (NASDAQ:MVBFGet Free Report) declared a quarterly dividend on Tuesday, August 18th. Stockholders of record on Tuesday, September 1st will be given a dividend of 0.17 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 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 research 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 Stock Performance

MVBF opened at $30.43 on Friday. The firm has a fifty day moving average price of $29.63 and a 200 day moving average price of $27.50. Mvb Financial has a 1 year low of $23.58 and a 1 year high of $31.99. The stock has a market cap of $394.68 million, a P/E ratio of 10.28 and a beta of 0.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.92.

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

Mvb Financial Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Mvb Financial (NASDAQ:MVBF)

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