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

Mvb Financial Corp. (NASDAQ:MVBF) has earned an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $28.00.

Several brokerages have recently weighed in on MVBF. Raymond James Financial reiterated an “outperform” rating and issued a $25.00 price target (up from $20.00) on shares of Mvb Financial in a research report on Tuesday, July 8th. TD Cowen started coverage on Mvb Financial in a research report on Thursday, September 25th. They issued a “buy” rating and a $35.00 price target for the company. Zacks Research upgraded Mvb Financial from a “strong sell” rating to a “hold” rating in a research report on Monday. Hovde Group reduced their target price on Mvb Financial from $28.00 to $27.00 and set an “outperform” rating for the company in a research report on Thursday, July 31st. Finally, Keefe, Bruyette & Woods boosted their target price on Mvb Financial from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th.

Mvb Financial Stock Performance

Shares of MVBF opened at $25.45 on Thursday. The firm has a market cap of $323.98 million, a PE ratio of 19.58 and a beta of 1.08. Mvb Financial has a 1 year low of $15.59 and a 1 year high of $25.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. The stock’s fifty day moving average price is $23.81 and its two-hundred day moving average price is $20.84.

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

Mvb Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, August 29th. Mvb Financial’s payout ratio is presently 52.31%.

Hedge Funds Weigh In On Mvb Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC raised its holdings in Mvb Financial by 75.8% during the second quarter. CWM LLC now owns 1,208 shares of the company’s stock valued at $27,000 after acquiring an additional 521 shares during the period. Empowered Funds LLC raised its holdings in Mvb Financial by 9.0% during the first quarter. Empowered Funds LLC now owns 14,144 shares of the company’s stock valued at $245,000 after acquiring an additional 1,165 shares during the period. Tower Research Capital LLC TRC grew its position in shares of Mvb Financial by 200.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock valued at $42,000 after purchasing an additional 1,248 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of Mvb Financial by 11.6% during the fourth quarter. Two Sigma Advisers LP now owns 13,500 shares of the company’s stock valued at $279,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Mvb Financial during the second quarter valued at about $32,000. 52.72% of the stock is currently owned by hedge funds and other institutional investors.

Mvb Financial Company Profile

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.