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

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have received a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $29.25.

Several equities analysts have issued reports on MVBF shares. Hovde Group decreased their price target on shares of Mvb Financial from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Keefe, Bruyette & Woods upped their price target on shares of Mvb Financial from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. TD Cowen started coverage on shares of Mvb Financial in a research report on Thursday, September 25th. They issued a “buy” rating and a $35.00 price target for the company. Raymond James Financial set a $30.00 price target on shares of Mvb Financial and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Finally, Wall Street Zen cut shares of Mvb Financial from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd.

Mvb Financial Stock Performance

Shares of Mvb Financial stock opened at $26.75 on Monday. The company has a 50 day moving average of $24.84 and a 200-day moving average of $21.90. Mvb Financial has a 1-year low of $15.59 and a 1-year high of $27.22. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The company has a market cap of $340.53 million, a PE ratio of 20.58 and a beta of 1.08.

Mvb Financial (NASDAQ:MVBF) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.16). The firm had revenue of $33.72 million for the quarter, compared to the consensus estimate of $35.80 million. Mvb Financial had a return on equity of 5.60% and a net margin of 7.84%. As a group, equities research analysts forecast that Mvb Financial will post 1.4 earnings per share for the current fiscal year.

Mvb Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were given a dividend of $0.17 per share. The ex-dividend date was Friday, August 29th. This represents a $0.68 annualized dividend and a dividend yield of 2.5%. Mvb Financial’s dividend payout ratio is 52.31%.

Institutional Investors Weigh In On Mvb Financial

A number of large investors have recently bought and sold shares of the stock. CWM LLC grew its holdings in Mvb Financial by 75.8% in the second quarter. CWM LLC now owns 1,208 shares of the company’s stock worth $27,000 after purchasing an additional 521 shares during the period. Empowered Funds LLC grew its holdings in Mvb Financial by 9.0% in the first quarter. Empowered Funds LLC now owns 14,144 shares of the company’s stock worth $245,000 after purchasing an additional 1,165 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Mvb Financial by 200.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock valued at $42,000 after buying an additional 1,248 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Mvb Financial during the second quarter valued at about $32,000. Finally, Geode Capital Management LLC grew its holdings in shares of Mvb Financial by 0.8% during the second quarter. Geode Capital Management LLC now owns 277,417 shares of the company’s stock valued at $6,252,000 after buying an additional 2,160 shares during the last quarter. 52.72% of the stock is currently owned by institutional investors and hedge funds.

About Mvb Financial

MVB Financial Corp. operates as bank holding company for MVB Bank, Inc that provides financial services to individuals and corporate clients. The company operates through three segments: CoRe Banking, Mortgage Banking, and The Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and commercial, consumer, and real estate mortgage loans, as well as lines of credit.