Mvb Financial Corp. Announces 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) announced a quarterly dividend on Wednesday, August 20th, RTT News reports. Stockholders of record on Monday, September 1st will be paid a dividend of 0.17 per share on Monday, September 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 29th.

Mvb Financial has a dividend payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. 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 4.6%

Shares of Mvb Financial stock traded up $1.06 during trading on Friday, reaching $24.00. The stock had a trading volume of 62,920 shares, compared to its average volume of 64,946. The company has a market capitalization of $305.52 million, a price-to-earnings ratio of 18.46 and a beta of 1.01. The stock has a fifty day moving average price of $22.92 and a two-hundred day moving average price of $19.78. Mvb Financial has a 52 week low of $15.59 and a 52 week high of $25.13. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24.

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

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.