MVB Financial (NASDAQ:MVBF) Posts Quarterly Earnings Results, Beats Estimates By $0.39 EPS

MVB Financial (NASDAQ:MVBF) released its earnings results on Thursday. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.33 by $0.39, Zacks reports. MVB Financial had a net margin of 8.49% and a return on equity of 6.29%. The company had revenue of $46.18 million for the quarter, compared to analyst estimates of $33.60 million.

MVB Financial Stock Up 0.7 %

NASDAQ MVBF traded up $0.14 during trading hours on Friday, reaching $20.14. 27,040 shares of the company’s stock traded hands, compared to its average volume of 36,375. MVB Financial has a 52-week low of $17.51 and a 52-week high of $25.24. The firm has a market cap of $260.61 million, a PE ratio of 14.18 and a beta of 1.04. The firm has a 50-day simple moving average of $20.10 and a 200 day simple moving average of $20.36. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94.

MVB Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend was Friday, November 29th. MVB Financial’s payout ratio is 47.89%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their price target on shares of MVB Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th.

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.