MVB Financial Corp. (NASDAQ:MVBF) Plans $0.17 Quarterly Dividend

MVB Financial Corp. (NASDAQ:MVBF) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Saturday, March 1st will be paid a dividend of 0.17 per share on Saturday, March 15th. This represents a $0.68 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Friday, February 28th.

MVB Financial has raised its dividend by an average of 10.1% annually over the last three years. MVB Financial has a dividend payout ratio of 29.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect MVB Financial to earn $2.50 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 27.2%.

MVB Financial Trading Down 2.3 %

MVBF traded down $0.45 during mid-day trading on Thursday, hitting $19.03. The stock had a trading volume of 15,242 shares, compared to its average volume of 35,110. The stock’s fifty day simple moving average is $19.99 and its 200-day simple moving average is $20.29. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $246.25 million, a price-to-earnings ratio of 12.44 and a beta of 1.04. MVB Financial has a 1-year low of $17.51 and a 1-year high of $25.24.

MVB Financial (NASDAQ:MVBF) last posted its earnings results on Thursday, February 13th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.39. The company had revenue of $46.18 million for the quarter, compared to analyst estimates of $33.60 million. MVB Financial had a net margin of 8.78% and a return on equity of 6.76%. As a group, research analysts forecast that MVB Financial will post 1.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods increased their target price on shares of MVB Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th.

MVB Financial Company Profile

MVB Financial Corp. operates as bank holding company for MVB Bank, Inc that provides financial services to individuals and corporate clients. The company operates through three segments: CoRe Banking, Mortgage Banking, and The Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and commercial, consumer, and real estate mortgage loans, as well as lines of credit.