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

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $32.00.

MVBF has been the subject of several research reports. 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 report on Monday, November 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Mvb Financial in a research report on Monday, December 29th. Hovde Group increased their price target on shares of Mvb Financial from $31.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Wall Street Zen downgraded Mvb Financial from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, Zacks Research upgraded Mvb Financial from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd.

Mvb Financial Stock Up 1.9%

MVBF stock opened at $28.45 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $27.38 and its 200 day moving average price is $26.07. Mvb Financial has a 52 week low of $15.59 and a 52 week high of $29.59. The company has a market cap of $361.94 million, a P/E ratio of 13.81 and a beta of 0.94.

Mvb Financial (NASDAQ:MVBF) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $39.08 million during the quarter, compared to the consensus estimate of $35.13 million. Mvb Financial had a net margin of 13.37% and a return on equity of 2.12%. On average, research analysts expect that Mvb Financial will post 1.4 earnings per share for the current fiscal year.

Mvb Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 15th. Investors of record on Sunday, March 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.4%. Mvb Financial’s dividend payout ratio (DPR) is presently 33.01%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of Mvb Financial by 75.8% during the second quarter. CWM LLC now owns 1,208 shares of the company’s stock worth $27,000 after buying an additional 521 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Mvb Financial by 2,673.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,137 shares of the company’s stock worth $28,000 after acquiring an additional 1,096 shares during the period. Raymond James Financial Inc. purchased a new stake in Mvb Financial in the 2nd quarter worth approximately $32,000. Tower Research Capital LLC TRC raised its holdings in Mvb Financial by 200.6% in 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 stake in shares of 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 purchasing an additional 1,569 shares during the period. 52.72% of the stock is currently owned by hedge funds and other institutional investors.

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.