Mvb Financial Corp. (NASDAQ:MVBF) Receives $32.75 Consensus Target Price from Analysts

Mvb Financial Corp. (NASDAQ:MVBF) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $32.75.

MVBF has been the topic of a number of recent research reports. Weiss Ratings raised shares of Mvb Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 2nd. Keefe, Bruyette & Woods lifted their target price on shares of Mvb Financial from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. TD Cowen upped their price target 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. Zacks Research upgraded Mvb Financial from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Finally, Wall Street Zen upgraded Mvb Financial from a “sell” rating to a “hold” rating in a report on Monday, June 1st.

Institutional Investors Weigh In On Mvb Financial

Several hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its holdings 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 acquiring an additional 1,096 shares during the period. Legal & General Group Plc acquired a new position in shares of Mvb Financial during the second quarter worth $35,000. Raymond James Financial Inc. acquired a new position in shares of Mvb Financial during the second quarter worth $32,000. Public Employees Retirement System of Ohio purchased a new position in shares of Mvb Financial in the second quarter valued at $48,000. Finally, Tower Research Capital LLC TRC grew its holdings in Mvb Financial by 200.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock valued at $42,000 after purchasing an additional 1,248 shares in the last quarter. 52.72% of the stock is currently owned by hedge funds and other institutional investors.

Mvb Financial Stock Performance

Shares of NASDAQ:MVBF opened at $31.33 on Thursday. The business has a 50-day moving average of $30.03 and a two-hundred day moving average of $27.70. The firm has a market capitalization of $406.35 million, a PE ratio of 10.58 and a beta of 0.81. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.92. Mvb Financial has a 12 month low of $23.88 and a 12 month high of $31.99.

Mvb Financial (NASDAQ:MVBF) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.59. The business had revenue of $50.73 million for the quarter, compared to analyst estimates of $36.94 million. Mvb Financial had a return on equity of 2.86% and a net margin of 17.53%. As a group, research analysts forecast that Mvb Financial will post 1.63 earnings per share for the current year.

Mvb Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.17 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.2%. Mvb Financial’s dividend payout ratio (DPR) is 22.97%.

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.