Mvb Financial Corp. (NASDAQ:MVBF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have received an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $31.50.

MVBF has been the topic of a number of research analyst reports. Raymond James Financial set a $30.00 price target on shares of Mvb Financial and gave the company an “outperform” rating in a report on Tuesday, October 7th. Cowen started coverage on Mvb Financial in a report on Wednesday, September 24th. They issued a “buy” rating on the stock. TD Cowen initiated coverage on Mvb Financial in a research report on Thursday, September 25th. They set a “buy” rating and a $35.00 price target for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Mvb Financial in a report on Monday. Finally, Keefe, Bruyette & Woods lifted their price objective on Mvb Financial from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 10th.

Mvb Financial Price Performance

MVBF opened at $25.46 on Friday. Mvb Financial has a 1 year low of $15.59 and a 1 year high of $28.96. The company’s 50 day simple moving average is $26.64 and its 200 day simple moving average is $24.89. The stock has a market capitalization of $320.29 million, a PE ratio of 10.35 and a beta of 0.94. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 0.96.

Mvb Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid 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 Monday, December 1st. Mvb Financial’s payout ratio is currently 27.64%.

Insider Activity at Mvb Financial

In other Mvb Financial news, CFO Michael Robert Sumbs bought 2,000 shares of Mvb Financial stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average price 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 $52,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 11.66% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MVBF. CWM LLC grew 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 valued at $27,000 after buying an additional 521 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Mvb Financial by 2,673.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,137 shares of the company’s stock worth $28,000 after acquiring an additional 1,096 shares during the period. Raymond James Financial Inc. acquired a new stake in Mvb Financial in the second quarter valued at approximately $32,000. Tower Research Capital LLC TRC raised its stake 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 during the period. Finally, Versant Capital Management Inc lifted its position in shares of Mvb Financial by 317.6% during the third quarter. Versant Capital Management Inc now owns 2,063 shares of the company’s stock worth $52,000 after purchasing an additional 1,569 shares in the last quarter. Institutional investors and hedge funds own 52.72% of the company’s stock.

About Mvb Financial

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.