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

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $31.25.

A number of equities analysts recently commented on the stock. Raymond James Financial cut shares of Mvb Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Wall Street Zen raised shares of Mvb Financial from a “sell” rating to a “hold” rating in a research report on Monday, June 1st. Weiss Ratings upgraded Mvb Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. TD Cowen lowered their target price on shares of Mvb Financial from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, Zacks Research cut shares of Mvb Financial from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th.

Mvb Financial Price Performance

Shares of MVBF opened at $29.41 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average of $26.98 and a 200 day moving average of $26.77. The company has a market cap of $377.92 million, a PE ratio of 13.49 and a beta of 0.80. Mvb Financial has a 52-week low of $22.14 and a 52-week high of $30.23.

Mvb Financial (NASDAQ:MVBF) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.39 earnings per share for the quarter, beating 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 analysts’ expectations of $37.72 million. On average, sell-side analysts expect that Mvb Financial will post 1.69 EPS for the current year.

Mvb Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.17 per share. The ex-dividend date was Monday, June 1st. This represents a $0.68 dividend on an annualized basis and a yield of 2.3%. Mvb Financial’s dividend payout ratio (DPR) is presently 31.19%.

Hedge Funds Weigh In On Mvb Financial

Hedge funds have recently added to or reduced their stakes in the stock. Daytona Street Capital LLC purchased a new stake in Mvb Financial during the fourth quarter worth $507,000. Diamond Hill Capital Management Inc. purchased a new position in shares of Mvb Financial in the 4th quarter valued at $1,665,000. Strs Ohio increased its holdings in shares of Mvb Financial by 8.5% in the 4th quarter. Strs Ohio now owns 8,900 shares of the company’s stock valued at $230,000 after acquiring an additional 700 shares during the period. JPMorgan Chase & Co. raised its position in shares of Mvb Financial by 105.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,474 shares of the company’s stock worth $288,000 after acquiring an additional 5,881 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Mvb Financial in the 3rd quarter worth $202,000. 52.72% of the stock is currently owned by institutional investors.

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.