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

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have earned an average recommendation of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $32.00.

Several brokerages have issued reports on MVBF. Wall Street Zen downgraded shares of Mvb Financial from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Hovde Group raised their price target on Mvb Financial from $31.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Mvb Financial in a research note on Monday, December 29th. Zacks Research upgraded Mvb Financial from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. Finally, Keefe, Bruyette & Woods boosted their target price on Mvb Financial from $25.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, November 10th.

Mvb Financial Stock Up 1.9%

Shares of NASDAQ MVBF opened at $28.45 on Friday. The business has a 50-day moving average price of $27.38 and a 200 day moving average price of $26.07. The stock has a market cap of $361.94 million, a PE ratio of 13.81 and a beta of 0.94. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.23. Mvb Financial has a 52-week low of $15.59 and a 52-week high of $29.59.

Mvb Financial (NASDAQ:MVBF) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $39.08 million during the quarter, compared to the consensus estimate of $35.13 million. Mvb Financial had a return on equity of 2.12% and a net margin of 13.37%. Equities research analysts forecast that Mvb Financial will post 1.4 earnings per share for the current year.

Mvb Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 15th. Shareholders of record on Sunday, March 1st will be given a dividend of $0.17 per share. The ex-dividend date is Friday, February 27th. This represents a $0.68 dividend on an annualized basis and a yield of 2.4%. Mvb Financial’s dividend payout ratio is presently 33.01%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Mvb Financial by 3.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 486,958 shares of the company’s stock valued at $12,579,000 after buying an additional 17,244 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Mvb Financial by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 277,417 shares of the company’s stock valued at $6,252,000 after buying an additional 2,160 shares during the period. Fourthstone LLC grew its holdings in Mvb Financial by 275.2% during the second quarter. Fourthstone LLC now owns 259,356 shares of the company’s stock worth $5,843,000 after acquiring an additional 190,223 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in Mvb Financial during the third quarter worth $4,716,000. 52.72% of the stock is currently owned by institutional investors and hedge funds.

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.