Mvb Financial Corp. (MVBF) To Go Ex-Dividend on February 27th

Mvb Financial Corp. (NASDAQ:MVBF) announced a quarterly dividend on Wednesday, February 18th. Investors of record on Sunday, March 1st will be paid a dividend of 0.17 per share on Sunday, March 15th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, February 27th.

Mvb Financial has increased 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% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Mvb Financial to earn $2.50 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 27.2%.

Mvb Financial Trading Up 0.8%

Shares of NASDAQ:MVBF opened at $27.93 on Friday. The business’s 50 day simple moving average is $27.37 and its 200 day simple moving average is $26.02. Mvb Financial has a 1 year low of $15.59 and a 1 year high of $29.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $355.27 million, a P/E ratio of 13.56 and a beta of 0.94.

Mvb Financial (NASDAQ:MVBF) last released its earnings results on Thursday, February 12th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $39.08 million during the quarter, compared to the consensus estimate of $35.13 million. Mvb Financial had a return on equity of 2.12% and a net margin of 13.37%. On average, research analysts anticipate that Mvb Financial will post 1.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Mvb Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of Mvb Financial by 56.5% during the third quarter. Wellington Management Group LLP now owns 1,782,385 shares of the company’s stock valued at $44,667,000 after purchasing an additional 643,551 shares in the last quarter. Fourthstone LLC raised its holdings in Mvb Financial by 275.2% in the 2nd quarter. Fourthstone LLC now owns 259,356 shares of the company’s stock valued at $5,843,000 after buying an additional 190,223 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in Mvb Financial during the 3rd quarter worth approximately $4,716,000. Kennedy Capital Management LLC acquired a new stake in Mvb Financial during the 4th quarter worth approximately $3,118,000. Finally, Diamond Hill Capital Management Inc. bought a new stake in Mvb Financial during the 4th quarter worth approximately $1,665,000. Institutional investors and hedge funds own 52.72% of the company’s stock.

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.