Analysts Set Mvb Financial Corp. (NASDAQ:MVBF) PT at $29.25

Mvb Financial Corp. (NASDAQ:MVBF) has received an average rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $29.25.

Several research firms recently issued reports on MVBF. Wall Street Zen cut Mvb Financial from a “hold” rating to a “sell” rating in a research note on Saturday, August 2nd. Hovde Group dropped their price objective on Mvb Financial from $28.00 to $27.00 and set an “outperform” rating for the company in a report on Thursday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Mvb Financial in a research note on Saturday. Zacks Research upgraded Mvb Financial from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Finally, Raymond James Financial set a $30.00 price target on shares of Mvb Financial and gave the company an “outperform” rating in a report on Tuesday, October 7th.

Mvb Financial Stock Up 3.5%

Shares of NASDAQ MVBF opened at $26.75 on Monday. The firm’s fifty day moving average is $24.84 and its 200 day moving average is $21.97. Mvb Financial has a 52 week low of $15.59 and a 52 week high of $27.22. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The company has a market cap of $340.53 million, a price-to-earnings ratio of 20.58 and a beta of 1.08.

Mvb Financial (NASDAQ:MVBF) last announced its quarterly earnings results on Monday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.16). Mvb Financial had a return on equity of 5.60% and a net margin of 7.84%.The firm had revenue of $33.72 million during the quarter, compared to the consensus estimate of $35.80 million. On average, equities research analysts expect that Mvb Financial will post 1.4 earnings per share for the current year.

Mvb Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.5%. Mvb Financial’s payout ratio is presently 52.31%.

Hedge Funds Weigh In On Mvb Financial

A number of institutional investors have recently bought and sold shares of MVBF. Fourthstone LLC boosted its position in Mvb Financial by 275.2% during the 2nd quarter. Fourthstone LLC now owns 259,356 shares of the company’s stock valued at $5,843,000 after acquiring an additional 190,223 shares in the last quarter. Nuveen LLC purchased a new position in shares of Mvb Financial in the 1st quarter valued at approximately $815,000. Jane Street Group LLC boosted its position in shares of Mvb Financial by 104.5% during the second quarter. Jane Street Group LLC now owns 27,111 shares of the company’s stock valued at $611,000 after purchasing an additional 13,852 shares in the last quarter. Bridgeway Capital Management LLC grew its stake in Mvb Financial by 9.0% in the first quarter. Bridgeway Capital Management LLC now owns 163,744 shares of the company’s stock worth $2,836,000 after purchasing an additional 13,565 shares during the period. Finally, American Century Companies Inc. grew its stake in Mvb Financial by 13.7% in the first quarter. American Century Companies Inc. now owns 111,369 shares of the company’s stock worth $1,929,000 after purchasing an additional 13,418 shares during the period. 52.72% of the stock is owned by institutional investors.

About Mvb Financial

MVB Financial Corp. operates as bank holding company for MVB Bank, Inc that provides financial services to individuals and corporate clients. The company operates through three segments: CoRe Banking, Mortgage Banking, and The Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and commercial, consumer, and real estate mortgage loans, as well as lines of credit.