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

Mvb Financial Corp. (NASDAQ:MVBF) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $31.25.

A number of equities research analysts recently issued reports on MVBF shares. Weiss Ratings cut shares of Mvb Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday. Wall Street Zen cut shares of Mvb Financial from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. TD Cowen dropped their target price on shares of Mvb Financial from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Raymond James Financial cut shares of Mvb Financial from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Finally, Hovde Group increased their target price on shares of Mvb Financial from $31.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th.

Mvb Financial Trading Up 1.5%

Shares of Mvb Financial stock opened at $26.39 on Friday. The stock has a market capitalization of $339.11 million, a P/E ratio of 12.11 and a beta of 0.82. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22. The company has a 50-day simple moving average of $25.82 and a 200 day simple moving average of $26.58. Mvb Financial has a 12-month low of $17.13 and a 12-month high of $29.59.

Mvb Financial (NASDAQ:MVBF) last announced its earnings results on Wednesday, April 29th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $36.53 million during the quarter, compared to analysts’ expectations of $37.72 million. Mvb Financial had a net margin of 13.98% and a return on equity of 2.57%. Research analysts expect that Mvb Financial will post 1.69 earnings per share for the current fiscal year.

Mvb Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, March 15th. Investors of record on Sunday, March 1st were given a dividend of $0.17 per share. The ex-dividend date was Friday, February 27th. This represents a $0.68 annualized dividend and a yield of 2.6%. Mvb Financial’s dividend payout ratio is 31.19%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MVBF. Wellington Management Group LLP lifted its position in Mvb Financial by 56.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,782,385 shares of the company’s stock worth $44,667,000 after buying an additional 643,551 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in Mvb Financial during the 3rd quarter worth about $4,716,000. Kennedy Capital Management LLC acquired a new position in Mvb Financial during the 4th quarter worth about $3,118,000. Diamond Hill Capital Management Inc. acquired a new position in Mvb Financial during the 4th quarter worth about $1,665,000. Finally, Ategra Capital Management LLC acquired a new position in Mvb Financial during the 3rd quarter worth about $1,375,000. 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.