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

Mvb Financial Corp. (NASDAQ:MVBF) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $31.25.

Several equities analysts have recently weighed in on the company. Hovde Group raised their price objective on Mvb Financial from $31.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, February 13th. TD Cowen dropped their target price on Mvb Financial from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Wall Street Zen raised Mvb Financial from a “sell” rating to a “hold” rating in a research report on Monday, June 1st. Raymond James Financial downgraded Mvb Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings lowered Mvb Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th.

Institutional Trading of Mvb Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in MVBF. Goldman Sachs Group Inc. grew its position in shares of Mvb Financial by 5.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 62,462 shares of the company’s stock valued at $1,082,000 after acquiring an additional 3,213 shares during the period. Empowered Funds LLC increased its stake in shares of Mvb Financial by 9.0% during the 1st quarter. Empowered Funds LLC now owns 14,144 shares of the company’s stock worth $245,000 after purchasing an additional 1,165 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Mvb Financial in the 1st quarter valued at about $230,000. Strs Ohio acquired a new stake in Mvb Financial in the 1st quarter valued at about $132,000. Finally, Geode Capital Management LLC lifted its stake in Mvb Financial by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 277,417 shares of the company’s stock valued at $6,252,000 after purchasing an additional 2,160 shares during the last quarter. 52.72% of the stock is owned by institutional investors.

Mvb Financial Stock Down 0.8%

Shares of Mvb Financial stock opened at $27.65 on Tuesday. The company has a market capitalization of $355.30 million, a P/E ratio of 12.68 and a beta of 0.82. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.92. The business has a 50-day moving average of $26.00 and a two-hundred day moving average of $26.58. Mvb Financial has a 1 year low of $19.72 and a 1 year high of $29.59.

Mvb Financial (NASDAQ:MVBF) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $37.72 million. As a group, equities analysts predict that Mvb Financial will post 1.69 EPS for the current year.

Mvb Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.17 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $0.68 annualized dividend and a dividend yield of 2.5%. Mvb Financial’s dividend payout ratio (DPR) is currently 31.19%.

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.