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

Mvb Financial Corp. (NASDAQ:MVBF) has earned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $29.25.

Several equities research analysts have recently issued reports on MVBF shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mvb Financial in a research report on Wednesday, October 8th. Zacks Research upgraded Mvb Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. TD Cowen began coverage on Mvb Financial in a research note on Thursday, September 25th. They set a “buy” rating and a $35.00 target price for the company. Hovde Group decreased their target price on Mvb Financial from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Finally, Keefe, Bruyette & Woods increased their price objective on Mvb Financial from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, August 4th.

Mvb Financial Trading Down 2.0%

Shares of MVBF stock opened at $25.15 on Monday. The business’s 50 day moving average is $24.58 and its two-hundred day moving average is $21.64. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. Mvb Financial has a 12 month low of $15.59 and a 12 month high of $27.22. The company has a market cap of $320.16 million, a PE ratio of 19.35 and a beta of 1.08.

Mvb Financial (NASDAQ:MVBF) last posted its earnings results on Monday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.16). The firm had revenue of $33.72 million during the quarter, compared to analyst estimates of $35.80 million. Mvb Financial had a net margin of 7.84% and a return on equity of 5.60%. Equities analysts predict that Mvb Financial will post 1.4 EPS for the current year.

Mvb Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, August 29th. Mvb Financial’s dividend payout ratio is currently 52.31%.

Institutional Investors Weigh In On Mvb Financial

Several hedge funds have recently modified their holdings of the business. CWM LLC boosted its position in shares of Mvb Financial by 68.6% in the third 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. Tower Research Capital LLC TRC boosted its position in shares of Mvb Financial by 200.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock valued at $42,000 after acquiring an additional 1,248 shares during the period. Jane Street Group LLC lifted its position in Mvb Financial by 104.5% in the second quarter. Jane Street Group LLC now owns 27,111 shares of the company’s stock worth $611,000 after purchasing an additional 13,852 shares during the period. Raymond James Financial Inc. bought a new position in Mvb Financial in the second quarter worth $32,000. Finally, Quantinno Capital Management LP bought a new position in Mvb Financial in the second quarter worth $286,000. 52.72% of the stock is owned by institutional investors.

Mvb Financial Company Profile

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.