Mvb Financial (NASDAQ:MVBF) Now Covered by Analysts at TD Cowen

TD Cowen started coverage on shares of Mvb Financial (NASDAQ:MVBF) in a report issued on Thursday morning, Marketbeat.com reports. The firm issued a buy rating and a $35.00 price objective on the stock.

Other research analysts also recently issued reports about the company. Keefe, Bruyette & Woods upped their target price on Mvb Financial from $23.00 to $25.00 and gave the company an “outperform” rating in a research report on Monday, August 4th. Hovde Group dropped their price target on Mvb Financial from $28.00 to $27.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. Wall Street Zen downgraded shares of Mvb Financial from a “hold” rating to a “sell” rating in a report on Saturday, August 2nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $25.00 price objective (up from $20.00) on shares of Mvb Financial in a research report on Tuesday, July 8th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $28.00.

Mvb Financial Trading Up 2.2%

NASDAQ MVBF opened at $24.73 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The firm has a market cap of $314.81 million, a PE ratio of 19.02 and a beta of 1.01. The company has a 50 day moving average price of $23.77 and a 200 day moving average price of $20.62. Mvb Financial has a 52 week low of $15.59 and a 52 week high of $25.13.

Mvb Financial (NASDAQ:MVBF) last announced its 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 firm had revenue of $33.72 million during the quarter, compared to analyst estimates of $35.80 million. Mvb Financial had a net margin of 7.84% and a return on equity of 5.60%. As a group, sell-side analysts forecast that Mvb Financial will post 1.4 EPS for the current fiscal year.

Mvb Financial Announces Dividend

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

Hedge Funds Weigh In On Mvb Financial

Several institutional investors and hedge funds have recently modified their holdings of MVBF. CWM LLC boosted its stake in shares of Mvb Financial by 75.8% in the second quarter. CWM LLC now owns 1,208 shares of the company’s stock worth $27,000 after buying an additional 521 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Mvb Financial in the 2nd quarter worth approximately $32,000. Tower Research Capital LLC TRC boosted its position in Mvb Financial by 200.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock worth $42,000 after purchasing an additional 1,248 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Mvb Financial by 6,989.3% during the 1st quarter. GAMMA Investing LLC now owns 5,317 shares of the company’s stock worth $92,000 after purchasing an additional 5,242 shares during the period. Finally, Strs Ohio purchased a new position in shares of Mvb Financial during the 1st quarter valued at approximately $132,000. Institutional investors and hedge funds own 52.72% of the company’s stock.

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.