MVB Financial (MVBF) to Release Earnings on Wednesday

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

MVB Financial Stock Performance

Shares of MVBF stock opened at $20.50 on Tuesday. MVB Financial has a 52-week low of $17.51 and a 52-week high of $25.24. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a market cap of $265.27 million, a PE ratio of 14.44 and a beta of 1.04. The business has a 50-day simple moving average of $20.24 and a 200-day simple moving average of $20.45.

MVB Financial Announces Dividend

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

Analysts Set New Price Targets

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

MVB Financial Company Profile

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.