Keefe, Bruyette & Woods Cuts MVB Financial (NASDAQ:MVBF) Price Target to $25.00

MVB Financial (NASDAQ:MVBF) had its target price reduced by Keefe, Bruyette & Woods from $26.00 to $25.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

MVB Financial Trading Down 0.4 %

Shares of MVBF opened at $17.64 on Monday. The firm’s 50-day moving average price is $19.55 and its 200-day moving average price is $20.17. The firm has a market capitalization of $228.28 million, a price-to-earnings ratio of 11.53 and a beta of 1.04. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. MVB Financial has a 1-year low of $17.41 and a 1-year high of $25.24.

MVB Financial (NASDAQ:MVBF) last announced its earnings results on Thursday, February 13th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.39. MVB Financial had a net margin of 8.78% and a return on equity of 6.76%. The firm had revenue of $46.18 million for the quarter, compared to analyst estimates of $33.60 million. Sell-side analysts anticipate that MVB Financial will post 1.4 EPS for the current year.

MVB Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.68 annualized dividend and a yield of 3.85%. MVB Financial’s dividend payout ratio (DPR) is presently 44.44%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in MVB Financial in the fourth quarter worth about $111,000. Wells Fargo & Company MN grew its stake in shares of MVB Financial by 20.3% in the fourth quarter. Wells Fargo & Company MN now owns 8,705 shares of the company’s stock worth $180,000 after acquiring an additional 1,467 shares during the period. Empowered Funds LLC grew its stake in shares of MVB Financial by 4.5% in the third quarter. Empowered Funds LLC now owns 12,354 shares of the company’s stock worth $239,000 after acquiring an additional 536 shares during the period. Natixis Advisors LLC bought a new stake in shares of MVB Financial in the third quarter worth approximately $242,000. Finally, Deutsche Bank AG bought a new stake in shares of MVB Financial in the fourth quarter worth approximately $272,000. 52.72% of the stock is owned by hedge funds and other institutional investors.

About MVB Financial

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.