Mvb Financial Corp. (NASDAQ:MVBF) to Issue Quarterly Dividend of $0.17

Mvb Financial Corp. (NASDAQ:MVBF) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Monday, June 1st will be paid a dividend of 0.17 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, June 1st.

Mvb Financial has raised its dividend payment by an average of 0.1%per year over the last three years. Mvb Financial has a payout ratio of 34.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Mvb Financial to earn $2.57 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 26.5%.

Mvb Financial Stock Up 0.8%

Shares of MVBF opened at $25.47 on Thursday. The company has a 50-day simple moving average of $25.62 and a 200-day simple moving average of $26.54. The firm has a market capitalization of $327.29 million, a P/E ratio of 11.68 and a beta of 0.82. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 0.92. Mvb Financial has a 52 week low of $18.80 and a 52 week high of $29.59.

Mvb Financial (NASDAQ:MVBF) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $36.53 million during the quarter, compared to analyst estimates of $37.72 million. Mvb Financial had a net margin of 13.98% and a return on equity of 2.54%. On average, equities research analysts expect that Mvb Financial will post 1.69 earnings per share for the current 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.