Mvb Financial Corp. Declares Quarterly Dividend of $0.17 (NASDAQ:MVBF)

Key Points

• Mvb Financial Corp. has declared a quarterly dividend of $0.17 per share, with record stockholders to be paid on September 15th, representing a 3.0% annualized dividend yield.
• The company's dividend payout ratio stands at 34.5%, indicating robust earnings coverage, with analysts projecting the future ratio to drop to 27.2% as earnings are expected to rise.
• Shares of Mvb Financial opened at $23.05, with a market cap of $293.43 million and a PE ratio of 17.73, reflecting a stable stock performance over the past year.

Mvb Financial Corp. (NASDAQ:MVBF - Get Free Report) declared a quarterly dividend on Wednesday, August 20th, RTT News reports. Shareholders of record on Monday, September 1st will be paid a dividend of 0.17 per share on Monday, September 15th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, August 29th.

Mvb Financial has a payout ratio of 34.5% 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 Stock Up 0.4%

Shares of MVBF stock traded up $0.09 during trading on Tuesday, hitting $24.01. 6,221 shares of the company were exchanged, compared to its average volume of 43,984. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $305.68 million, a price-to-earnings ratio of 18.50 and a beta of 1.01. The business's 50-day simple moving average is $22.99 and its 200 day simple moving average is $19.81. Mvb Financial has a twelve month low of $15.59 and a twelve month high of $25.13.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.16). The company had revenue of $33.72 million for the quarter, compared to analyst estimates of $35.80 million. Mvb Financial had a return on equity of 5.60% and a net margin of 7.84%. As a group, analysts forecast that Mvb Financial will post 1.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MVBF shares. Wall Street Zen cut shares of Mvb Financial from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Raymond James Financial restated an "outperform" rating and set a $25.00 price target (up from $20.00) on shares of Mvb Financial in a report on Tuesday, July 8th. Keefe, Bruyette & Woods raised their price target on shares of Mvb Financial from $23.00 to $25.00 and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Hovde Group decreased their price target on shares of Mvb Financial from $28.00 to $27.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $25.67.

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.