Mvb Financial Corp. (NASDAQ:MVBF) Receives $31.50 Consensus Target Price from Analysts

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $31.50.

Several research firms recently commented on MVBF. Keefe, Bruyette & Woods lifted their price target on Mvb Financial from $25.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, November 10th. Wall Street Zen cut Mvb Financial from a “hold” rating to a “sell” rating in a report on Saturday. Hovde Group boosted their target price on Mvb Financial from $27.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Cowen assumed coverage on Mvb Financial in a research report on Wednesday, September 24th. They issued a “buy” rating for the company. Finally, TD Cowen initiated coverage on shares of Mvb Financial in a research note on Thursday, September 25th. They set a “buy” rating and a $35.00 price objective for the company.

Mvb Financial Price Performance

Mvb Financial stock opened at $26.33 on Friday. Mvb Financial has a 52-week low of $15.59 and a 52-week high of $27.49. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.23. The firm’s fifty day moving average is $25.62 and its 200 day moving average is $23.07. The company has a market cap of $331.23 million, a price-to-earnings ratio of 10.70 and a beta of 1.09.

Mvb Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Friday, August 29th. Mvb Financial’s dividend payout ratio (DPR) is 27.64%.

Insider Buying and Selling

In other news, CFO Michael Robert Sumbs purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average cost of $26.00 per share, for a total transaction of $52,000.00. Following the acquisition, the chief financial officer owned 2,000 shares of the company’s stock, valued at approximately $52,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 11.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its position in Mvb Financial by 5.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 62,462 shares of the company’s stock valued at $1,082,000 after acquiring an additional 3,213 shares during the last quarter. Nuveen LLC bought a new position in shares of Mvb Financial in the first quarter worth about $815,000. American Century Companies Inc. increased its stake in Mvb Financial by 13.7% in the 1st quarter. American Century Companies Inc. now owns 111,369 shares of the company’s stock worth $1,929,000 after buying an additional 13,418 shares during the period. Bridgeway Capital Management LLC lifted its holdings in Mvb Financial by 9.0% during the 1st quarter. Bridgeway Capital Management LLC now owns 163,744 shares of the company’s stock valued at $2,836,000 after buying an additional 13,565 shares in the last quarter. Finally, Sippican Capital Advisors boosted its position in Mvb Financial by 12.0% in the 2nd quarter. Sippican Capital Advisors now owns 42,755 shares of the company’s stock valued at $963,000 after buying an additional 4,580 shares during the period. Institutional investors own 52.72% of the company’s stock.

About Mvb Financial

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.