MVB Financial Corp. (MVBF) To Go Ex-Dividend on August 30th

MVB Financial Corp. (NASDAQ:MVBF) declared a quarterly dividend on Wednesday, August 21st, Zacks reports. Stockholders of record on Sunday, September 1st will be paid a dividend of 0.17 per share on Sunday, September 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Friday, August 30th.

MVB Financial has increased its dividend by an average of 23.6% annually over the last three years. MVB Financial has a payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect MVB Financial to earn $2.44 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 27.9%.

MVB Financial Trading Down 0.9 %

MVBF stock traded down $0.18 during midday trading on Wednesday, reaching $20.77. 135 shares of the company traded hands, compared to its average volume of 26,941. The firm has a market capitalization of $267.64 million, a price-to-earnings ratio of 11.20 and a beta of 1.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.95 and a current ratio of 0.95. The business has a 50 day moving average of $20.61 and a 200-day moving average of $20.23. MVB Financial has a 52-week low of $17.51 and a 52-week high of $25.24.

MVB Financial (NASDAQ:MVBF) last announced its quarterly earnings data on Monday, July 29th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.09). MVB Financial had a net margin of 9.28% and a return on equity of 7.16%. The company had revenue of $53.27 million for the quarter, compared to the consensus estimate of $38.20 million. As a group, sell-side analysts expect that MVB Financial will post 1.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MVBF has been the subject of several research reports. Hovde Group downgraded MVB Financial from an “outperform” rating to a “market perform” rating and set a $21.00 target price for the company. in a report on Wednesday, May 15th. JPMorgan Chase & Co. raised their target price on shares of MVB Financial from $25.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st.

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.