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

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, 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 brokerages that have covered the stock in the last year is $32.00.

Several equities research analysts have commented on the company. Zacks Research upgraded Mvb Financial from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Mvb Financial in a research note on Monday, December 29th. Finally, Hovde Group boosted their price target on Mvb Financial from $31.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th.

Hedge Funds Weigh In On Mvb Financial

Several hedge funds and other institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. boosted its position in Mvb Financial by 2,673.2% during the third 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 last quarter. Raymond James Financial Inc. purchased a new position in Mvb Financial in the 2nd quarter worth approximately $32,000. Tower Research Capital LLC TRC boosted its holdings in shares of Mvb Financial by 200.6% during 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 during the last quarter. CWM LLC boosted its holdings in shares of Mvb Financial by 68.6% during the 3rd quarter. CWM LLC now owns 2,037 shares of the company’s stock worth $51,000 after purchasing an additional 829 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Mvb Financial by 317.6% in the third quarter. Versant Capital Management Inc now owns 2,063 shares of the company’s stock valued at $52,000 after purchasing an additional 1,569 shares in the last quarter. 52.72% of the stock is owned by hedge funds and other institutional investors.

Mvb Financial Stock Performance

MVBF opened at $24.40 on Thursday. The firm’s fifty day simple moving average is $27.21 and its two-hundred day simple moving average is $26.41. Mvb Financial has a 52-week low of $15.59 and a 52-week high of $29.59. The company has a market cap of $313.54 million, a price-to-earnings ratio of 11.84 and a beta of 0.88. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22.

Mvb Financial (NASDAQ:MVBF) last released its earnings results on Thursday, February 12th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $39.08 million during the quarter, compared to analysts’ expectations of $35.13 million. Mvb Financial had a net margin of 13.37% and a return on equity of 2.09%. Equities analysts anticipate that Mvb Financial will post 1.4 earnings per share for the current fiscal year.

Mvb Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, March 15th. Stockholders of record on Sunday, March 1st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.8%. Mvb Financial’s dividend payout ratio is presently 33.01%.

Mvb Financial Company Profile

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.