Brokerages Set Mvb Financial Corp. (NASDAQ:MVBF) PT at $31.25

Mvb Financial Corp. (NASDAQ:MVBF) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $31.25.

Several research analysts have weighed in on the stock. Raymond James Financial lowered shares of Mvb Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Wall Street Zen upgraded shares of Mvb Financial from a “sell” rating to a “hold” rating in a report on Monday, June 1st. Weiss Ratings raised shares of Mvb Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 2nd. Zacks Research downgraded shares of Mvb Financial from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Finally, TD Cowen cut their target price on Mvb Financial from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, May 1st.

Mvb Financial Stock Up 1.6%

Shares of NASDAQ MVBF opened at $29.10 on Wednesday. The company has a 50 day simple moving average of $27.89 and a 200-day simple moving average of $27.00. The company has a market capitalization of $373.94 million, a P/E ratio of 13.35 and a beta of 0.80. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.92. Mvb Financial has a 1 year low of $22.14 and a 1 year high of $30.23.

Mvb Financial (NASDAQ:MVBF) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $36.53 million for the quarter, compared to analysts’ expectations of $37.72 million. Mvb Financial had a return on equity of 2.54% and a net margin of 13.98%. On average, equities research analysts predict that Mvb Financial will post 1.63 earnings per share for the current year.

Mvb Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.3%. Mvb Financial’s payout ratio is presently 31.19%.

Hedge Funds Weigh In On Mvb Financial

Hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in Mvb Financial by 6.3% during the 1st quarter. Bank of America Corp DE now owns 11,627 shares of the company’s stock valued at $289,000 after acquiring an additional 686 shares during the period. Strs Ohio increased its stake in Mvb Financial by 8.5% during the fourth quarter. Strs Ohio now owns 8,900 shares of the company’s stock worth $230,000 after purchasing an additional 700 shares during the period. Quantinno Capital Management LP lifted its position in shares of Mvb Financial by 2.6% during the first quarter. Quantinno Capital Management LP now owns 28,537 shares of the company’s stock worth $709,000 after purchasing an additional 722 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Mvb Financial by 3.6% during the fourth quarter. AQR Capital Management LLC now owns 27,396 shares of the company’s stock worth $708,000 after purchasing an additional 958 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Mvb Financial by 2,673.2% in the third quarter. Russell Investments Group Ltd. now owns 1,137 shares of the company’s stock valued at $28,000 after purchasing an additional 1,096 shares during the period. Institutional investors and hedge funds own 52.72% of the company’s stock.

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.