Mvb Financial (NASDAQ:MVBF) Stock Price Down 0.4% – What’s Next?

Mvb Financial Corp. (NASDAQ:MVBF) traded down 0.4% during trading on Monday . The stock traded as low as $27.82 and last traded at $28.05. 58,499 shares changed hands during trading, an increase of 35% from the average session volume of 43,173 shares. The stock had previously closed at $28.15.

Wall Street Analysts Forecast Growth

MVBF has been the topic of a number of analyst reports. Hovde Group raised their price objective on shares of Mvb Financial from $27.00 to $31.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Zacks Research upgraded Mvb Financial from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Mvb Financial in a report on Monday, December 29th. Wall Street Zen downgraded Mvb Financial from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Finally, Keefe, Bruyette & Woods boosted their target price on Mvb Financial from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Mvb Financial currently has an average rating of “Moderate Buy” and an average target price of $31.50.

Mvb Financial Stock Down 0.4%

The firm’s 50 day simple moving average is $26.82 and its 200-day simple moving average is $25.45. The company has a market cap of $352.87 million, a price-to-earnings ratio of 11.40 and a beta of 0.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.96 and a quick ratio of 0.96.

Mvb Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, December 1st. Mvb Financial’s dividend payout ratio (DPR) is currently 27.64%.

Insider Buying and Selling

In other news, CFO Michael Robert Sumbs purchased 2,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were bought at an average price of $26.00 per share, with a total value of $52,000.00. Following the completion of the transaction, the chief financial officer directly owned 2,000 shares in the company, valued at approximately $52,000. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mvb Financial

A number of institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its stake in Mvb Financial by 2,673.2% during the 3rd 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. CWM LLC raised its stake in Mvb Financial by 75.8% during the 2nd quarter. CWM LLC now owns 1,208 shares of the company’s stock valued at $27,000 after acquiring an additional 521 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Mvb Financial during the 2nd quarter valued at approximately $32,000. Tower Research Capital LLC TRC raised its stake in Mvb Financial by 200.6% during the 2nd 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 last quarter. Finally, Versant Capital Management Inc lifted its position in Mvb Financial by 317.6% during the 3rd quarter. Versant Capital Management Inc now owns 2,063 shares of the company’s stock worth $52,000 after acquiring an additional 1,569 shares during the period. 52.72% of the stock is owned by institutional investors and hedge funds.

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.