Mvb Financial Corp. (NASDAQ:MVBF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $31.50.

Several analysts recently weighed in on MVBF shares. Raymond James Financial set a $30.00 price objective on Mvb Financial and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Mvb Financial in a research note on Monday, December 29th. Wall Street Zen lowered Mvb Financial from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Hovde Group upped their price target on shares of Mvb Financial from $27.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Zacks Research raised Mvb Financial from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd.

Insiders Place Their Bets

In other news, CFO Michael Robert Sumbs bought 2,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were purchased at an average cost of $26.00 per share, with a total value of $52,000.00. Following the completion of the acquisition, the chief financial officer directly owned 2,000 shares in the company, valued at approximately $52,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.66% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Mvb Financial

Several large investors have recently made changes to their positions in MVBF. CWM LLC raised its holdings in shares of Mvb Financial by 75.8% in the 2nd quarter. CWM LLC now owns 1,208 shares of the company’s stock worth $27,000 after purchasing an additional 521 shares in the last quarter. Russell Investments Group Ltd. increased its holdings 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 buying an additional 1,096 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Mvb Financial by 9.0% during the 1st quarter. Empowered Funds LLC now owns 14,144 shares of the company’s stock valued at $245,000 after acquiring an additional 1,165 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake 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 acquiring an additional 1,248 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Mvb Financial in the 2nd quarter worth $32,000. Institutional investors own 52.72% of the company’s stock.

Mvb Financial Stock Up 1.2%

MVBF stock opened at $28.38 on Wednesday. The firm has a 50 day simple moving average of $26.87 and a 200-day simple moving average of $25.49. The company has a market capitalization of $357.13 million, a P/E ratio of 11.54 and a beta of 0.94. Mvb Financial has a twelve month low of $15.59 and a twelve month high of $28.96. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23.

Mvb Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.17 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.68 annualized dividend and a dividend yield of 2.4%. Mvb Financial’s dividend payout ratio is 27.64%.

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.