Freedom Financial (OTCMKTS:FDVA) Issues Quarterly Earnings Results

Freedom Financial (OTCMKTS:FDVA) issued its quarterly earnings data on Friday. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07), Zacks reports. The firm had revenue of $8.64 million during the quarter, compared to analyst estimates of $15.64 million. Freedom Financial had a negative return on equity of 0.57% and a negative net margin of 0.78%.

Freedom Financial Price Performance

FDVA opened at $12.15 on Friday. Freedom Financial has a 1-year low of $11.00 and a 1-year high of $12.48. The business has a 50 day moving average of $12.15 and a 200-day moving average of $12.11. The stock has a market capitalization of $86.39 million, a price-to-earnings ratio of -86.78 and a beta of 0.08. The company has a current ratio of 0.90, a quick ratio of 0.88 and a debt-to-equity ratio of 0.47.

Freedom Financial Company Profile

Freedom Financial Holdings, Inc operates as the bank holding company for The Freedom Bank of Virginia that provides commercial banking, personal banking, and mortgage banking solutions. The company offers personal and business checking accounts, interest bearing business savings accounts, money market accounts, personal savings accounts, certificates of deposits, and IRAs, as well as insured cash sweep and certificate of deposit account registry services. It also provides business term, personal, and mortgage loans; commercial lines of credit; commercial real estate mortgage and small business lending services; home equity lines; and credit cards.