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

Mvb Financial Corp. (NASDAQ:MVBF) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $31.25.

Several equities research analysts recently issued reports on the company. Raymond James Financial lowered Mvb Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. TD Cowen decreased their target price on Mvb Financial from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Wall Street Zen raised Mvb Financial from a “sell” rating to a “hold” rating in a report on Monday, June 1st. Weiss Ratings upgraded Mvb Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 2nd. Finally, Zacks Research downgraded Mvb Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th.

Mvb Financial Stock Performance

NASDAQ MVBF opened at $29.18 on Wednesday. Mvb Financial has a 1 year low of $22.14 and a 1 year high of $30.23. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $374.96 million, a PE ratio of 13.39 and a beta of 0.80. The company’s 50 day simple moving average is $27.68 and its two-hundred day simple moving average is $26.94.

Mvb Financial (NASDAQ:MVBF) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The firm had revenue of $36.53 million during the quarter, compared to analyst estimates of $37.72 million. Mvb Financial had a net margin of 13.98% and a return on equity of 2.54%. Analysts predict that Mvb Financial will post 1.63 earnings per share for the current fiscal year.

Mvb Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, June 1st. Mvb Financial’s dividend payout ratio (DPR) is currently 31.19%.

Institutional Investors Weigh In On Mvb Financial

Several hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its stake in Mvb Financial by 2,673.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,137 shares of the company’s stock worth $28,000 after buying an additional 1,096 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Mvb Financial during the 2nd quarter valued at $32,000. Tower Research Capital LLC TRC lifted its holdings 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 during the last quarter. Strs Ohio bought a new stake in shares of Mvb Financial during the 1st quarter worth $132,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Mvb Financial in the third quarter worth $202,000. 52.72% of the stock is currently owned by institutional investors.

Mvb Financial Company Profile

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.