Mvb Financial Corp. (NASDAQ:MVBF) Given Average Recommendation of “Moderate Buy” by Analysts

Mvb Financial Corp. (NASDAQ:MVBF) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $31.25.

Several research firms recently issued reports on MVBF. Weiss Ratings lowered shares of Mvb Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Hovde Group increased their price target on shares of Mvb Financial from $31.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Raymond James Financial lowered shares of Mvb Financial from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. TD Cowen reduced their price target on shares of Mvb Financial from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Mvb Financial from a “sell” rating to a “hold” rating in a research report on Monday.

Mvb Financial Stock Performance

Shares of NASDAQ:MVBF opened at $26.28 on Tuesday. The company’s 50 day moving average price is $25.80 and its two-hundred day moving average price is $26.54. Mvb Financial has a 12-month low of $18.96 and a 12-month high of $29.59. The firm has a market cap of $337.70 million, a PE ratio of 12.06 and a beta of 0.82. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.16.

Mvb Financial (NASDAQ:MVBF) last announced its earnings results on Wednesday, April 29th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $36.53 million for the quarter, compared to analyst estimates of $37.72 million. Mvb Financial had a net margin of 13.98% and a return on equity of 2.54%. Equities research analysts predict that Mvb Financial will post 1.69 earnings per share for the current year.

Mvb Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a $0.17 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.68 dividend on an annualized basis and a yield of 2.6%. Mvb Financial’s dividend payout ratio (DPR) is currently 31.19%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its holdings in shares of Mvb Financial by 2,673.2% during the third quarter. Russell Investments Group Ltd. now owns 1,137 shares of the company’s stock worth $28,000 after buying an additional 1,096 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Mvb Financial during the second quarter worth $32,000. Tower Research Capital LLC TRC increased its holdings in shares of Mvb Financial by 200.6% during the second 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. Strs Ohio acquired a new position in shares of Mvb Financial during the first quarter worth $132,000. Finally, Huntington National Bank acquired a new position in shares of Mvb Financial during the third quarter worth $138,000. 52.72% of the stock is currently 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.