Mvb Financial Corp. (MVBF) to Issue Quarterly Dividend of $0.17 on June 15th

Mvb Financial Corp. (NASDAQ:MVBFGet Free Report) announced a quarterly dividend on Wednesday, May 20th. Investors of record on Monday, June 1st will be given a dividend of 0.17 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, June 1st.

Mvb Financial has increased its dividend by an average of 0.1%annually over the last three years. Mvb Financial has a dividend payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Mvb Financial to earn $2.57 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 26.5%.

Mvb Financial Stock Performance

NASDAQ:MVBF opened at $26.75 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. Mvb Financial has a 12-month low of $18.96 and a 12-month high of $29.59. The stock has a 50-day moving average price of $25.77 and a 200 day moving average price of $26.54. The stock has a market capitalization of $343.74 million, a P/E ratio of 12.27 and a beta of 0.82.

Mvb Financial (NASDAQ:MVBFGet Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $36.53 million during the quarter, compared to analysts’ expectations of $37.72 million. Mvb Financial had a return on equity of 2.54% and a net margin of 13.98%. Equities research analysts forecast that Mvb Financial will post 1.69 EPS for the current fiscal year.

About Mvb Financial

(Get Free Report)

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.

Further Reading

Dividend History for Mvb Financial (NASDAQ:MVBF)

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