Mvb Financial Corp. (NASDAQ:MVBF) Stock Has Consensus Target Price of $32.75

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $33.67.

A number of brokerages have recently commented on MVBF. Zacks Research raised Mvb Financial from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. TD Cowen boosted their target price on Mvb Financial from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mvb Financial in a research report on Tuesday, September 29th. Finally, Keefe, Bruyette & Woods increased their price target on Mvb Financial from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, August 6th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MVBF. BlackRock Inc. bought a new position in Mvb Financial in the 2nd quarter worth $30,152,000. Dimensional Fund Advisors LP boosted its holdings in Mvb Financial by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 506,608 shares of the company’s stock valued at $12,580,000 after acquiring an additional 19,650 shares during the period. Basswood Capital Management L.L.C. acquired a new stake in shares of Mvb Financial in the second quarter valued at about $7,477,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Mvb Financial in the second quarter valued at about $3,253,000. Finally, Pure Financial Advisors LLC bought a new position in shares of Mvb Financial in the second quarter worth about $2,461,000. 52.72% of the stock is currently owned by institutional investors and hedge funds.

Mvb Financial Trading Down 0.9%

Shares of NASDAQ:MVBF opened at $29.58 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $383.65 million, a PE ratio of 9.99 and a beta of 0.87. Mvb Financial has a 1 year low of $23.99 and a 1 year high of $31.99. The firm has a fifty day moving average price of $30.42 and a 200 day moving average price of $28.24.

Mvb Financial (NASDAQ:MVBF) last posted its earnings results on Tuesday, July 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.59. Mvb Financial had a return on equity of 2.86% and a net margin of 17.53%.The company had revenue of $50.73 million for the quarter, compared to analyst estimates of $36.94 million. Analysts expect that Mvb Financial will post 1.63 EPS for the current fiscal year.

Mvb Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 1st. Mvb Financial’s payout ratio is presently 22.97%.

Mvb Financial Company Profile

MVB Financial Corp. is a bank holding company headquartered in Fairmont, West Virginia. Its principal subsidiary, MVB Bank, provides banking and financial services to individuals, businesses, nonprofit organizations and government entities.

MVB Bank offers deposit accounts, commercial and consumer lending, residential mortgage services, treasury management, payment solutions, wealth management and other traditional banking products. The company also supports financial technology companies through specialized banking, payments and related financial services.

MVB primarily serves customers in West Virginia, Virginia, Maryland and the Washington, DC, metropolitan area, while certain technology-focused services may reach clients beyond its branch footprint.