Mvb Financial Corp. (NASDAQ:MVBF – Get Free Report) announced 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) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st.
Mvb Financial has raised its dividend payment 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. Equities 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 Stock Performance
Shares of MVBF opened at $30.04 on Friday. The stock has a market capitalization of $389.62 million, a price-to-earnings ratio of 10.15 and a beta of 0.80. Mvb Financial has a 12 month low of $22.87 and a 12 month high of $31.99. The firm has a fifty day simple moving average of $29.33 and a 200 day simple moving average of $27.44. 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 Company Profile
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.
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