Mvb Financial Corp. (NASDAQ:MVBF) Receives $31.25 Average PT from Analysts

Mvb Financial Corp. (NASDAQ:MVBF) has received an average recommendation of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $31.25.

Several research firms recently weighed in on MVBF. Zacks Research lowered shares of Mvb Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Wall Street Zen raised shares of Mvb Financial from a “sell” rating to a “hold” rating in a research report on Monday, June 1st. Raymond James Financial downgraded shares of Mvb Financial from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Weiss Ratings upgraded shares of Mvb Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 2nd. Finally, TD Cowen lowered their price target on shares of Mvb Financial from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, May 1st.

Mvb Financial Stock Up 2.2%

MVBF stock opened at $29.78 on Wednesday. The stock has a market cap of $382.67 million, a P/E ratio of 13.66 and a beta of 0.80. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. The stock’s fifty day simple moving average is $28.05 and its two-hundred day simple moving average is $27.06. Mvb Financial has a 1-year low of $22.14 and a 1-year high of $30.24.

Mvb Financial (NASDAQ:MVBF) last announced its 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. The firm had revenue of $51.07 million during the quarter, compared to analyst estimates of $36.94 million. Mvb Financial had a return on equity of 2.54% and a net margin of 13.98%. Analysts expect that Mvb Financial will post 1.63 EPS for the current year.

Mvb Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, June 1st. Mvb Financial’s dividend payout ratio is 31.19%.

Institutional Trading of Mvb Financial

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in shares of Mvb Financial by 2,673.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,137 shares of the company’s stock valued at $28,000 after buying an additional 1,096 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Mvb Financial in the 2nd quarter worth about $32,000. Tower Research Capital LLC TRC increased its holdings in Mvb Financial by 200.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock worth $42,000 after acquiring an additional 1,248 shares during the last quarter. Strs Ohio bought a new stake in Mvb Financial in the 1st quarter valued at about $132,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Mvb Financial in the 3rd quarter valued at about $202,000. 52.72% of the stock is currently 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.