Mvb Financial Corp. (NASDAQ:MVBF) Given Average Recommendation of “Moderate Buy” by Brokerages

Mvb Financial Corp. (NASDAQ:MVBF) has received an average recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $32.75.

MVBF has been the topic of several analyst reports. Zacks Research raised shares of Mvb Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Keefe, Bruyette & Woods raised their target price on Mvb Financial from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Mvb Financial from a “sell” rating to a “hold” rating in a research note on Monday, June 1st. TD Cowen increased their price objective on Mvb Financial from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, 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.

Institutional Trading of Mvb Financial

Several institutional investors have recently modified their holdings of the company. Empowered Funds LLC bought a new position in Mvb Financial in the second quarter worth $1,184,000. Public Employees Retirement System of Ohio bought a new stake in Mvb Financial in the 2nd quarter valued at $48,000. Pure Financial Advisors LLC acquired a new position in shares of Mvb Financial in the 2nd quarter valued at $2,461,000. Bank of America Corp DE bought a new stake in Mvb Financial in the second quarter valued at about $270,000. Finally, Basswood Capital Management L.L.C. bought a new stake in Mvb Financial in the second quarter valued at about $7,477,000. Institutional investors and hedge funds own 52.72% of the company’s stock.

Mvb Financial Stock Performance

MVBF stock opened at $30.89 on Thursday. Mvb Financial has a 1 year low of $23.99 and a 1 year high of $31.99. The stock has a market capitalization of $400.64 million, a price-to-earnings ratio of 10.44 and a beta of 0.81. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s fifty day moving average is $30.19 and its two-hundred day moving average is $27.78.

Mvb Financial (NASDAQ:MVBF) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.59. Mvb Financial had a return on equity of 2.86% and a net margin of 17.53%.The company had revenue of $50.73 million for the quarter, compared to analysts’ expectations of $36.94 million. On average, research analysts predict that Mvb Financial will post 1.63 EPS for the current year.

Mvb Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.68 annualized dividend and a yield of 2.2%. Mvb Financial’s dividend payout ratio is 22.97%.

About Mvb Financial