Mvb Financial Corp. (NASDAQ:MVBF – Get Free Report) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $33.67.
MVBF has been the subject of a number of recent research reports. Zacks Research upgraded Mvb Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. TD Cowen lifted their price target on shares of Mvb Financial from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods lifted their price target on shares of Mvb Financial from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Mvb Financial in a report on Tuesday, September 29th.
Check Out Our Latest Stock Analysis on MVBF
Institutional Trading of Mvb Financial
Institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Mvb Financial in the second quarter worth about $30,152,000. Dimensional Fund Advisors LP lifted its stake in Mvb Financial by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 506,608 shares of the company’s stock worth $12,580,000 after purchasing an additional 19,650 shares during the period. Basswood Capital Management L.L.C. acquired a new stake in Mvb Financial during the second quarter valued at approximately $7,477,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Mvb Financial during the second quarter valued at approximately $3,253,000. Finally, Pure Financial Advisors LLC acquired a new stake in Mvb Financial during the second quarter valued at approximately $2,461,000. 52.72% of the stock is currently owned by institutional investors and hedge funds.
Mvb Financial Stock Down 3.7%
NASDAQ MVBF opened at $25.30 on Friday. 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 firm has a 50-day simple moving average of $29.79 and a 200 day simple moving average of $28.09. Mvb Financial has a twelve month low of $23.99 and a twelve month high of $31.99. The stock has a market cap of $328.14 million, a PE ratio of 15.15 and a beta of 0.92.
Mvb Financial (NASDAQ:MVBF – Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.37). Mvb Financial had a net margin of 9.46% and a return on equity of 3.93%. The firm had revenue of $40.43 million for the quarter, compared to the consensus estimate of $39.10 million. On average, research analysts forecast that Mvb Financial will post 1.63 EPS for the current year.
Mvb Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, September 1st. Mvb Financial’s dividend payout ratio (DPR) is presently 40.72%.
About Mvb Financial
MVB Financial Corp. is a financial holding company headquartered in Fairmont, West Virginia. Its principal subsidiary, MVB Bank, provides banking and financial services to individuals, businesses and organizations through locations and digital channels.
MVB Bank offers personal and business deposit accounts, commercial and consumer lending, mortgage banking, treasury management and wealth-management services. The bank also focuses on serving technology-oriented companies, including businesses in the financial technology, payments and gaming industries, with specialized banking and financial solutions.
Founded in 1997, MVB has expanded beyond its West Virginia roots to serve customers across the Mid-Atlantic region and clients in select industries on a broader geographic basis.
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