Analysts Set Mvb Financial Corp. (NASDAQ:MVBF) Price Target at $31.50

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have earned an average rating of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $31.50.

Several brokerages have weighed in on MVBF. Raymond James Financial set a $30.00 price target on shares of Mvb Financial and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Zacks Research upgraded shares of Mvb Financial from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. TD Cowen assumed coverage on Mvb Financial in a report on Thursday, September 25th. They set a “buy” rating and a $35.00 price target on the stock. Hovde Group upped their price target on Mvb Financial from $27.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Cowen began coverage on Mvb Financial in a research report on Wednesday, September 24th. They issued a “buy” rating on the stock.

Mvb Financial Stock Performance

Shares of MVBF stock opened at $25.81 on Friday. The company has a market capitalization of $324.69 million, a P/E ratio of 10.49 and a beta of 0.94. Mvb Financial has a fifty-two week low of $15.59 and a fifty-two week high of $28.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50 day moving average price of $26.61 and a two-hundred day moving average price of $25.03.

Mvb Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors 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 yield of 2.6%. Mvb Financial’s payout ratio is 27.64%.

Insider Buying and Selling

In related news, CFO Michael Robert Sumbs acquired 2,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was acquired at an average cost of $26.00 per share, for a total transaction of $52,000.00. Following the acquisition, the chief financial officer owned 2,000 shares of the company’s stock, valued at $52,000. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 11.66% of the company’s stock.

Hedge Funds Weigh In On Mvb Financial

Institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP grew its position in shares of Mvb Financial by 56.5% in 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 during the period. Fourthstone LLC boosted its stake in Mvb Financial by 275.2% during the second quarter. Fourthstone LLC now owns 259,356 shares of the company’s stock worth $5,843,000 after acquiring an additional 190,223 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in Mvb Financial in the third quarter worth about $4,716,000. Ategra Capital Management LLC bought a new position in shares of Mvb Financial during the third quarter valued at approximately $1,375,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Mvb Financial by 4.9% during the third quarter. Dimensional Fund Advisors LP now owns 469,714 shares of the company’s stock valued at $11,771,000 after purchasing an additional 22,103 shares during the last quarter. 52.72% of the stock is 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.