MVB Financial (NASDAQ:MVBF - Get Free Report) announced its earnings results on Monday. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.04), Yahoo Finance reports. The firm had revenue of $57.86 million during the quarter, compared to analyst estimates of $37.47 million. MVB Financial had a net margin of 14.91% and a return on equity of 8.12%.
MVB Financial Stock Performance
MVB Financial stock traded down $1.34 during mid-day trading on Tuesday, reaching $17.97. 20,981 shares of the company were exchanged, compared to its average volume of 28,988. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.94 and a current ratio of 0.94. The firm's 50-day simple moving average is $20.87 and its two-hundred day simple moving average is $21.22. The firm has a market cap of $230.73 million, a PE ratio of 7.40 and a beta of 1.00. MVB Financial has a twelve month low of $16.43 and a twelve month high of $27.23.
MVB Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.17 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.68 dividend on an annualized basis and a yield of 3.78%. MVB Financial's payout ratio is 28.33%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on MVBF. JPMorgan Chase & Co. decreased their target price on MVB Financial from $30.00 to $28.00 and set an "overweight" rating for the company in a research report on Thursday, April 4th. Keefe, Bruyette & Woods decreased their price objective on MVB Financial from $26.00 to $25.00 and set an "outperform" rating for the company in a research report on Friday, March 1st.
Read Our Latest Stock Analysis on MVB Financial
About MVB Financial
(
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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.
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