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

Mvb Financial Corp. (NASDAQ:MVBF) declared a quarterly dividend on Wednesday, August 19th. Investors of record on Tuesday, September 1st will be paid a dividend of 0.17 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, September 1st.

Mvb Financial has raised its dividend payment by an average of 0.1%per year over the last three years. Mvb Financial has a dividend payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Mvb Financial to earn $2.52 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 27.0%.

Mvb Financial Stock Down 2.0%

Mvb Financial stock opened at $30.30 on Thursday. The stock has a fifty day moving average of $29.28 and a 200 day moving average of $27.43. The stock has a market cap of $392.99 million, a PE ratio of 10.24 and a beta of 0.80. Mvb Financial has a one year low of $22.87 and a one year high of $31.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 0.92.

Mvb Financial (NASDAQ:MVBF) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.59. Mvb Financial had a net margin of 17.53% and a return on equity of 2.86%. The business had revenue of $50.73 million for the quarter, compared to analysts’ expectations of $36.94 million. As a group, sell-side analysts predict that Mvb Financial will post 1.63 EPS for the current year.

Analyst Ratings Changes

MVBF has been the topic of several analyst reports. TD Cowen lifted their target price on Mvb Financial from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods upped their price target on Mvb Financial from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Weiss Ratings raised Mvb Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 2nd. Raymond James Financial cut Mvb Financial from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Finally, Zacks Research downgraded Mvb Financial from a “hold” rating to a “strong sell” rating in a research note on Monday, June 29th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Mvb Financial currently has an average rating of “Moderate Buy” and an average target price of $32.75.

About Mvb Financial

MVB Financial Corp is a bank holding company based in Fairmont, West Virginia, serving individuals and businesses through its subsidiary, MVB Bank, Inc The company operates under a “Local First Banking” philosophy, emphasizing personalized service across its branch network. Its core business activities include deposit-taking, commercial lending, residential mortgage origination, and wealth management services.

On the deposit side, MVB Bank offers a range of products such as checking and savings accounts, money market accounts, and certificates of deposit.