Mvb Financial Corp. (NASDAQ:MVBF) Given Consensus Rating of “Buy” by Brokerages

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $32.00.

MVBF has been the subject of several recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Mvb Financial in a report on Monday, December 29th. TD Cowen upgraded Mvb Financial to a “strong-buy” rating in a report on Monday, April 13th. Hovde Group boosted 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. Zacks Research upgraded Mvb Financial from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. Finally, Wall Street Zen downgraded Mvb Financial from a “hold” rating to a “sell” rating in a report on Saturday, April 11th.

Institutional Investors Weigh In On Mvb Financial

Several institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP grew its holdings in Mvb Financial by 56.5% during the third quarter. Wellington Management Group LLP now owns 1,782,385 shares of the company’s stock worth $44,667,000 after buying an additional 643,551 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Mvb Financial by 3.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 486,958 shares of the company’s stock worth $12,579,000 after buying an additional 17,244 shares in the last quarter. Geode Capital Management LLC grew its holdings in Mvb Financial by 0.8% during the second quarter. Geode Capital Management LLC now owns 277,417 shares of the company’s stock worth $6,252,000 after buying an additional 2,160 shares in the last quarter. Ameriprise Financial Inc. bought a new stake in Mvb Financial during the third quarter worth $4,716,000. Finally, Kennedy Capital Management LLC bought a new stake in Mvb Financial during the fourth quarter worth $3,118,000. Institutional investors own 52.72% of the company’s stock.

Mvb Financial Trading Up 3.3%

NASDAQ MVBF opened at $26.78 on Monday. The company has a market cap of $344.12 million, a price-to-earnings ratio of 13.00 and a beta of 0.90. Mvb Financial has a 52 week low of $15.59 and a 52 week high of $29.59. The business has a 50 day moving average price of $26.27 and a 200-day moving average price of $26.59. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22.

Mvb Financial (NASDAQ:MVBF) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $39.08 million during the quarter, compared to the consensus estimate of $35.13 million. Mvb Financial had a return on equity of 2.09% and a net margin of 13.37%. As a group, equities analysts expect that Mvb Financial will post 1.4 earnings per share for the current fiscal year.

Mvb Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 15th. Stockholders of record on Sunday, March 1st were issued a dividend of $0.17 per share. The ex-dividend date was Friday, February 27th. This represents a $0.68 annualized dividend and a dividend yield of 2.5%. Mvb Financial’s payout ratio is currently 33.01%.

About Mvb Financial

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.