MVB Financial (NASDAQ:MVBF) Issues Earnings Results

MVB Financial (NASDAQ:MVBF) issued its quarterly earnings data on Thursday. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.39, Zacks reports. MVB Financial had a net margin of 8.49% and a return on equity of 6.29%. The firm had revenue of $46,180 billion for the quarter, compared to the consensus estimate of $34.57 million.

MVB Financial Stock Performance

MVBF traded up $0.14 during trading on Friday, reaching $20.14. 27,040 shares of the company were exchanged, compared to its average volume of 36,375. MVB Financial has a 52 week low of $17.51 and a 52 week high of $25.24. The stock has a market cap of $260.61 million, a P/E ratio of 14.18 and a beta of 1.04. The firm has a 50 day moving average of $20.10 and a 200 day moving average of $20.36. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

MVB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Sunday, December 1st were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Friday, November 29th. MVB Financial’s payout ratio is 47.89%.

Analysts Set New Price Targets

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

About MVB Financial

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.