Mvb Financial Corp. (NASDAQ:MVBF) Receives $32.75 Average PT from Brokerages

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $32.75.

Several research analysts have recently issued reports on the company. Keefe, Bruyette & Woods increased their price target on Mvb Financial from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. 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. Weiss Ratings raised shares of Mvb Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 2nd. Zacks Research lowered shares of Mvb Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Finally, Wall Street Zen raised shares of Mvb Financial from a “sell” rating to a “hold” rating in a research note on Monday, June 1st.

Mvb Financial Stock Performance

Shares of MVBF stock opened at $30.04 on Friday. Mvb Financial has a 12-month low of $22.87 and a 12-month high of $31.99. The firm has a market capitalization of $389.62 million, a price-to-earnings ratio of 10.15 and a beta of 0.80. The business has a 50 day simple moving average of $29.33 and a 200 day simple moving average of $27.44. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.92.

Mvb Financial (NASDAQ:MVBF) last posted its earnings results on Tuesday, July 28th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.34 by $0.59. The firm had revenue of $50.73 million for the quarter, compared to analysts’ expectations of $36.94 million. Mvb Financial had a return on equity of 2.86% and a net margin of 17.53%. On average, equities research analysts anticipate that Mvb Financial will post 1.63 EPS for the current year.

Mvb Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, September 1st. Mvb Financial’s dividend payout ratio is currently 22.97%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MVBF. Russell Investments Group Ltd. lifted its position in Mvb Financial by 2,673.2% in the third quarter. Russell Investments Group Ltd. now owns 1,137 shares of the company’s stock worth $28,000 after purchasing an additional 1,096 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Mvb Financial during the 2nd quarter valued at $32,000. Legal & General Group Plc acquired a new position in shares of Mvb Financial during the 2nd quarter valued at $35,000. Tower Research Capital LLC TRC raised its stake in shares of Mvb Financial by 200.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock worth $42,000 after buying an additional 1,248 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Mvb Financial in the 2nd quarter worth $48,000. Institutional investors and hedge funds own 52.72% of the company’s stock.

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.