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

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $32.00.

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

Mvb Financial Stock Down 3.8%

MVBF stock opened at $27.00 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $27.33 and its 200 day moving average price is $26.22. 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 $343.44 million, a P/E ratio of 13.11 and a beta of 0.94.

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

Mvb Financial Announces Dividend

The business also recently declared 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 of this dividend is Friday, February 27th. This represents a $0.68 annualized dividend and a yield of 2.5%. Mvb Financial’s dividend payout ratio (DPR) is presently 33.01%.

Institutional Trading of Mvb Financial

A number of large investors have recently made changes to their positions in the stock. Empowered Funds LLC increased its position in Mvb Financial by 21.9% during the 4th quarter. Empowered Funds LLC now owns 34,425 shares of the company’s stock worth $889,000 after purchasing an additional 6,191 shares in the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Mvb Financial by 5.6% during the fourth quarter. Bridgeway Capital Management LLC now owns 117,125 shares of the company’s stock worth $3,025,000 after buying an additional 6,191 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Mvb Financial by 3.6% in the fourth quarter. AQR Capital Management LLC now owns 27,396 shares of the company’s stock valued at $708,000 after buying an additional 958 shares during the last quarter. Trexquant Investment LP lifted its stake in shares of Mvb Financial by 52.1% during the fourth quarter. Trexquant Investment LP now owns 29,464 shares of the company’s stock valued at $761,000 after buying an additional 10,088 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Mvb Financial by 3.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,153 shares of the company’s stock worth $934,000 after acquiring an additional 1,120 shares during 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.