Mvb Financial (NASDAQ:MVBF – Free Report) had its target price lowered by Keefe, Bruyette & Woods from $34.00 to $31.00 in a research report report published on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.
Several other brokerages have also recently issued reports on MVBF. TD Cowen lifted their price objective on Mvb Financial from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Mvb Financial in a research report on Tuesday, September 29th. Finally, Zacks Research upgraded Mvb Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, September 7th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Mvb Financial currently has a consensus rating of “Moderate Buy” and an average price target of $32.67.
Read Our Latest Research Report on Mvb Financial
Mvb Financial Stock Performance
NASDAQ:MVBF opened at $25.91 on Wednesday. Mvb Financial has a fifty-two week low of $23.99 and a fifty-two week high of $31.99. The firm has a market cap of $336.05 million, a PE ratio of 15.52 and a beta of 0.92. The business has a 50 day moving average price of $29.53 and a 200-day moving average price of $28.07. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 0.92.
Mvb Financial (NASDAQ:MVBF – Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.37). The company had revenue of $40.43 million for the quarter, compared to the consensus estimate of $39.10 million. Mvb Financial had a net margin of 9.46% and a return on equity of 3.93%. Equities research analysts predict that Mvb Financial will post 1.40 earnings per share for the current year.
Mvb Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.6%. Mvb Financial’s dividend payout ratio is currently 40.72%.
Hedge Funds Weigh In On Mvb Financial
A number of large investors have recently made changes to their positions in MVBF. BlackRock Inc. acquired a new position in Mvb Financial during the 2nd quarter worth approximately $30,152,000. Dimensional Fund Advisors LP lifted its position in Mvb Financial by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 506,608 shares of the company’s stock worth $12,580,000 after buying an additional 19,650 shares in the last quarter. Basswood Capital Management L.L.C. bought a new stake in Mvb Financial during the second quarter worth approximately $7,477,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Mvb Financial during the 2nd quarter valued at $3,253,000. Finally, Pure Financial Advisors LLC acquired a new stake in shares of Mvb Financial in the 2nd quarter valued at $2,461,000. Hedge funds and other institutional investors own 52.72% of the company’s stock.
Mvb Financial Company Profile
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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