Mvb Financial Corp. (NASDAQ:MVBF) Receives $32.00 Average Price Target from Brokerages

Mvb Financial Corp. (NASDAQ:MVBF) has been assigned an average rating of “Buy” from the six analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $32.00.

Several equities research analysts recently weighed in on the company. TD Cowen raised Mvb Financial to a “strong-buy” rating in a research note on Monday. Zacks Research raised Mvb Financial from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. Hovde Group upped their price target on Mvb Financial from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Wall Street Zen cut Mvb Financial from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Mvb Financial in a research note on Monday, December 29th.

Institutional Trading of Mvb Financial

Several hedge funds and other institutional investors have recently made changes to their positions in MVBF. Empowered Funds LLC boosted its holdings in Mvb Financial by 21.9% in the fourth quarter. Empowered Funds LLC now owns 34,425 shares of the company’s stock worth $889,000 after acquiring an additional 6,191 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in Mvb Financial by 5.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 117,125 shares of the company’s stock worth $3,025,000 after acquiring an additional 6,191 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Mvb Financial by 3.6% in the fourth quarter. AQR Capital Management LLC now owns 27,396 shares of the company’s stock worth $708,000 after acquiring an additional 958 shares in the last quarter. Trexquant Investment LP boosted its holdings in Mvb Financial by 52.1% in the fourth quarter. Trexquant Investment LP now owns 29,464 shares of the company’s stock worth $761,000 after acquiring an additional 10,088 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Mvb Financial by 3.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,153 shares of the company’s stock worth $934,000 after acquiring an additional 1,120 shares in the last quarter. Hedge funds and other institutional investors own 52.72% of the company’s stock.

Mvb Financial Stock Down 0.6%

Shares of Mvb Financial stock opened at $26.15 on Monday. The company has a market cap of $336.03 million, a P/E ratio of 12.69 and a beta of 0.90. The company’s fifty day simple moving average is $26.37 and its two-hundred day simple moving average is $26.58. Mvb Financial has a 12-month low of $15.59 and a 12-month high of $29.59. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.22.

Mvb Financial (NASDAQ:MVBF) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $39.08 million for the quarter, compared to analysts’ expectations of $35.13 million. Mvb Financial had a return on equity of 2.09% and a net margin of 13.37%. Research analysts anticipate that Mvb Financial will post 1.4 EPS for the current year.

Mvb Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, March 15th. Investors of record on Sunday, March 1st were paid a $0.17 dividend. The ex-dividend date was Friday, February 27th. This represents a $0.68 annualized dividend and a dividend yield of 2.6%. Mvb Financial’s dividend payout ratio is presently 33.01%.

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.