Mvb Financial Corp. (NASDAQ:MVBF) Stock Has Consensus Price Target of $33.67 According to Brokerages

Mvb Financial Corp. (NASDAQ:MVBF) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $32.67.

Several research firms have issued reports on MVBF. Zacks Research upgraded shares of Mvb Financial from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mvb Financial in a research note on Tuesday, September 29th. TD Cowen increased their price objective on shares of Mvb Financial from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Mvb Financial from $34.00 to $31.00 and set an “outperform” rating for the company in a research note on Wednesday.

Institutional Trading of Mvb Financial

Hedge funds have recently modified their holdings of the stock. Empowered Funds LLC bought a new position in Mvb Financial in the second quarter worth approximately $1,184,000. Public Employees Retirement System of Ohio acquired a new position in shares of Mvb Financial during the second quarter worth approximately $48,000. Pure Financial Advisors LLC acquired a new position in shares of Mvb Financial during the second quarter worth approximately $2,461,000. Bank of America Corp DE acquired a new position in shares of Mvb Financial during the second quarter worth approximately $270,000. Finally, Basswood Capital Management L.L.C. bought a new position in shares of Mvb Financial in the 2nd quarter worth $7,477,000. Institutional investors own 52.72% of the company’s stock.

Mvb Financial Stock Performance

NASDAQ MVBF opened at $25.57 on Friday. The company has a market capitalization of $331.59 million, a price-to-earnings ratio of 15.31 and a beta of 0.92. Mvb Financial has a twelve month low of $23.99 and a twelve month high of $31.99. The stock has a fifty day simple moving average of $29.62 and a 200 day simple moving average of $28.08. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.16.

Mvb Financial (NASDAQ:MVBF) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.37). Mvb Financial had a net margin of 9.46% and a return on equity of 3.93%. The company had revenue of $40.43 million during the quarter, compared to the consensus estimate of $39.10 million. Sell-side analysts expect that Mvb Financial will post 1.40 EPS for the current year.

Mvb Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.68 annualized dividend and a yield of 2.7%. Mvb Financial’s payout ratio is 40.72%.

About Mvb Financial

MVB Financial Corp. is a financial holding company headquartered in Fairmont, West Virginia. Its principal subsidiary, MVB Bank, provides banking and financial services to individuals, businesses and organizations through locations and digital channels.

MVB Bank offers personal and business deposit accounts, commercial and consumer lending, mortgage banking, treasury management and wealth-management services. The bank also focuses on serving technology-oriented companies, including businesses in the financial technology, payments and gaming industries, with specialized banking and financial solutions.

Founded in 1997, MVB has expanded beyond its West Virginia roots to serve customers across the Mid-Atlantic region and clients in select industries on a broader geographic basis.