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

Mvb Financial Corp. (NASDAQ:MVBF) declared a quarterly dividend on Wednesday, August 19th. Stockholders of record on Tuesday, September 1st will be paid a dividend of 0.17 per share on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, September 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% indicating that its dividend is sufficiently covered by earnings. 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 Trading Down 2.0%

Shares of MVBF opened at $30.30 on Thursday. Mvb Financial has a 1-year low of $22.87 and a 1-year high of $31.99. The company has a market capitalization of $392.99 million, a P/E ratio of 10.24 and a beta of 0.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.92. The firm’s 50 day simple moving average is $29.28 and its 200 day simple moving average is $27.43.

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

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.