MVB Financial (NASDAQ:MVBF) Issues Quarterly Earnings Results
MVB Financial (NASDAQ:MVBF) issued its quarterly earnings results on Sunday. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.07), MarketWatch Earnings reports. MVB Financial had a net margin of 17.16% and a return on equity of 13.86%.
Shares of MVBF stock traded down $0.43 during midday trading on Tuesday, hitting $40.84. 47,191 shares of the company were exchanged, compared to its average volume of 49,775. The firm has a market capitalization of $473.34 million, a P/E ratio of 16.72 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.92 and a current ratio of 0.92. The firm’s 50 day moving average price is $35.93 and its two-hundred day moving average price is $26.68. MVB Financial has a 52 week low of $11.51 and a 52 week high of $41.92.
The business also recently announced a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Monday, March 1st were issued a dividend of $0.10 per share. This is an increase from MVB Financial’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, February 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.98%. MVB Financial’s payout ratio is presently 18.52%.
MVB Financial Company Profile
MVB Financial Corp., together with its subsidiaries, provides banking and mortgage products and services to individuals and corporate clients in the United States. The company operates through three segments: Commercial and Retail Banking; Mortgage Banking; and Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and grants various types of loans, including commercial and commercial real estate loans, residential real estate loans, home equity lines of credit, and consumer loans.
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