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

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $31.25.

Several analysts recently issued reports on MVBF shares. Raymond James Financial lowered Mvb Financial from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Weiss Ratings lowered Mvb Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. TD Cowen dropped their price objective on Mvb Financial from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Finally, Wall Street Zen raised Mvb Financial from a “sell” rating to a “hold” rating in a report on Monday, June 1st.

Hedge Funds Weigh In On Mvb Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP increased its position in Mvb Financial by 56.5% during the third quarter. Wellington Management Group LLP now owns 1,782,385 shares of the company’s stock worth $44,667,000 after buying an additional 643,551 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Mvb Financial by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 506,608 shares of the company’s stock valued at $12,580,000 after buying an additional 19,650 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Mvb Financial by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 277,417 shares of the company’s stock worth $6,252,000 after acquiring an additional 2,160 shares during the period. Ameriprise Financial Inc. bought a new position in shares of Mvb Financial during the 3rd quarter worth approximately $4,716,000. Finally, Kennedy Capital Management LLC acquired a new position in shares of Mvb Financial during the 4th quarter worth approximately $3,118,000. Institutional investors own 52.72% of the company’s stock.

Mvb Financial Trading Up 1.5%

NASDAQ MVBF opened at $28.99 on Friday. Mvb Financial has a 52 week low of $22.05 and a 52 week high of $29.59. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 0.92. The stock’s 50 day moving average price is $26.66 and its two-hundred day moving average price is $26.71. The stock has a market capitalization of $372.52 million, a price-to-earnings ratio of 13.30 and a beta of 0.82.

Mvb Financial (NASDAQ:MVBF) last released its earnings results 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 during the quarter, compared to the consensus estimate of $37.72 million. As a group, analysts anticipate that Mvb Financial will post 1.69 earnings per share for the current fiscal year.

Mvb Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.17 per share. The ex-dividend date was Monday, June 1st. This represents a $0.68 annualized dividend and a dividend yield of 2.3%. Mvb Financial’s payout ratio is currently 31.19%.

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.