Mvb Financial Corp. (NASDAQ:MVBF – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $33.67.
A number of equities analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mvb Financial in a research report on Tuesday, September 29th. TD Cowen lifted their price objective on shares of Mvb Financial from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods lifted their price objective on Mvb Financial from $32.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Finally, Zacks Research upgraded Mvb Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th.
Read Our Latest Stock Analysis on Mvb Financial
Mvb Financial Trading Down 2.0%
Mvb Financial (NASDAQ:MVBF – Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.59. Mvb Financial had a return on equity of 2.86% and a net margin of 17.53%. The firm had revenue of $50.73 million for the quarter, compared to the consensus estimate of $36.94 million. As a group, analysts predict that Mvb Financial will post 1.63 earnings per share for the current year.
Mvb Financial Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.68 annualized dividend and a yield of 2.4%. Mvb Financial’s dividend payout ratio is currently 22.97%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Pure Financial Advisors LLC purchased a new position in shares of Mvb Financial in the 2nd quarter valued at approximately $2,461,000. BlackRock Inc. purchased a new position in Mvb Financial in the second quarter worth about $30,152,000. Empowered Funds LLC bought a new position in Mvb Financial in the 2nd quarter valued at approximately $1,184,000. Bank of New York Mellon Corp purchased a new position in Mvb Financial in the 2nd quarter worth about $1,780,000. Finally, Basswood Capital Management L.L.C. bought a new position in shares of Mvb Financial during the 2nd quarter valued at $7,477,000. Institutional investors own 52.72% of the company’s stock.
Mvb Financial Company Profile
MVB Financial Corp. is a bank holding company headquartered in Fairmont, West Virginia. Its principal subsidiary, MVB Bank, provides banking and financial services to individuals, businesses, nonprofit organizations and government entities.
MVB Bank offers deposit accounts, commercial and consumer lending, residential mortgage services, treasury management, payment solutions, wealth management and other traditional banking products. The company also supports financial technology companies through specialized banking, payments and related financial services.
MVB primarily serves customers in West Virginia, Virginia, Maryland and the Washington, DC, metropolitan area, while certain technology-focused services may reach clients beyond its branch footprint.
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