Mvb Financial Corp. (MVBF) To Go Ex-Dividend on September 1st

Mvb Financial Corp. (NASDAQ:MVBFGet 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 (NASDAQ:MVBFGet Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.59. Mvb Financial had a net margin of 17.53% and a return on equity of 2.86%. The firm had revenue of $50.73 million for the quarter, compared to analyst estimates of $36.94 million. Research analysts forecast that Mvb Financial will post 1.63 EPS for the current fiscal year.

Mvb Financial Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Mvb Financial (NASDAQ:MVBF)

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