Shares of Mvb Financial Corp. (NASDAQ:MVBF – Get Free Report) have been given an average rating of “Moderate Buy” by the six analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $31.25.
Several research analysts have recently commented on MVBF shares. TD Cowen lowered their price objective on shares of Mvb Financial from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Weiss Ratings lowered shares of Mvb Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Raymond James Financial cut shares of Mvb Financial from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Zacks Research downgraded shares of Mvb Financial from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Wall Street Zen upgraded Mvb Financial from a “sell” rating to a “hold” rating in a research note on Monday, June 1st.
Get Our Latest Report on Mvb Financial
Mvb Financial Trading Up 2.9%
Mvb Financial (NASDAQ:MVBF – Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $36.53 million during the quarter, compared to analysts’ expectations of $37.72 million. Mvb Financial had a return on equity of 2.54% and a net margin of 13.98%. On average, equities analysts forecast that Mvb Financial will post 1.69 earnings per share for the current year.
Mvb Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.17 per share. The ex-dividend date was Monday, June 1st. This represents a $0.68 annualized dividend and a yield of 2.3%. Mvb Financial’s dividend payout ratio is 31.19%.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in MVBF. Wellington Management Group LLP increased its position in shares of Mvb Financial by 56.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,782,385 shares of the company’s stock valued at $44,667,000 after purchasing an additional 643,551 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 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 in the last quarter. Geode Capital Management LLC grew its stake 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 worth $6,252,000 after purchasing an additional 2,160 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in Mvb Financial in the third quarter valued at $4,716,000. Finally, Kennedy Capital Management LLC purchased a new position in Mvb Financial in the fourth quarter valued at $3,118,000. Hedge funds and other institutional investors own 52.72% of the company’s stock.
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.
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