MVB Financial (MVBF) to Release Earnings on Wednesday

MVB Financial (NASDAQ:MVBF) is expected to announce its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $34.57 million for the quarter.

MVB Financial Price Performance

Shares of MVBF stock opened at $20.50 on Tuesday. The stock’s 50-day moving average is $20.24 and its 200 day moving average is $20.45. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. MVB Financial has a 1-year low of $17.51 and a 1-year high of $25.24. The company has a market cap of $265.27 million, a P/E ratio of 14.44 and a beta of 1.04.

MVB Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Sunday, December 1st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.68 annualized dividend and a dividend yield of 3.32%. MVB Financial’s dividend payout ratio is presently 47.89%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods upped their price target on shares of MVB Financial from $24.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th.

About MVB Financial

MVB Financial Corp. operates as bank holding company for MVB Bank, Inc that provides financial services to individuals and corporate clients. The company operates through three segments: CoRe Banking, Mortgage Banking, and The Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and commercial, consumer, and real estate mortgage loans, as well as lines of credit.