Mvb Financial Corp. (NASDAQ:MVBF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $31.25.

MVBF has been the subject of several recent analyst reports. TD Cowen cut their target price on shares of Mvb Financial from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Hovde Group raised their target price on shares of Mvb Financial from $31.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Wall Street Zen downgraded shares of Mvb Financial from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Weiss Ratings downgraded shares of Mvb Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Finally, Raymond James Financial downgraded shares of Mvb Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th.

Mvb Financial Trading Down 0.5%

Shares of NASDAQ:MVBF opened at $25.48 on Friday. Mvb Financial has a 52-week low of $17.25 and a 52-week high of $29.59. The company has a market capitalization of $327.42 million, a P/E ratio of 11.69 and a beta of 0.82. The company has a 50-day simple moving average of $25.66 and a 200 day simple moving average of $26.58. 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 (NASDAQ:MVBF) last issued its earnings results on Wednesday, April 29th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. Mvb Financial had a net margin of 13.98% and a return on equity of 2.54%. The business had revenue of $36.53 million during the quarter, compared to the consensus estimate of $37.72 million. Sell-side analysts forecast that Mvb Financial will post 1.69 earnings per share for the current year.

Mvb Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, March 15th. Shareholders of record on Sunday, March 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, February 27th. Mvb Financial’s dividend payout ratio is currently 31.19%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Daytona Street Capital LLC bought a new position in Mvb Financial in the 4th quarter valued at about $507,000. Huntington National Bank bought a new position in Mvb Financial in the 3rd quarter valued at about $138,000. CWM LLC raised its holdings in Mvb Financial by 68.6% in the 3rd quarter. CWM LLC now owns 2,037 shares of the company’s stock valued at $51,000 after acquiring an additional 829 shares during the period. Versant Capital Management Inc raised its holdings in Mvb Financial by 317.6% in the 3rd quarter. Versant Capital Management Inc now owns 2,063 shares of the company’s stock valued at $52,000 after acquiring an additional 1,569 shares during the period. Finally, Two Sigma Investments LP bought a new position in Mvb Financial in the 3rd quarter valued at about $327,000. 52.72% of the stock is owned by institutional investors.

Mvb Financial Company Profile

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.