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

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have received an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $32.75.

MVBF has been the subject of several research reports. Raymond James Financial cut shares of Mvb Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Zacks Research cut shares of Mvb Financial from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. Weiss Ratings upgraded 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 increased their price target on Mvb Financial from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, TD Cowen boosted their price objective on Mvb Financial from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, July 29th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MVBF. Russell Investments Group Ltd. boosted its position 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 purchasing an additional 1,096 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Mvb Financial during the 2nd quarter worth approximately $35,000. Raymond James Financial Inc. purchased a new position in shares of Mvb Financial during the 2nd quarter valued at approximately $32,000. Public Employees Retirement System of Ohio purchased a new position in shares of Mvb Financial during the 2nd quarter valued at approximately $48,000. Finally, Tower Research Capital LLC TRC increased 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 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 MVBF stock opened at $30.91 on Friday. The firm has a market cap of $400.90 million, a price-to-earnings ratio of 10.44 and a beta of 0.80. Mvb Financial has a 52-week low of $22.85 and a 52-week high of $31.99. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $29.23 and its 200 day moving average is $27.41.

Mvb Financial (NASDAQ:MVBF) last announced its earnings results on Tuesday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.59. Mvb Financial had a return on equity of 2.86% and a net margin of 17.53%.The business had revenue of $50.73 million for the quarter, compared to analysts’ expectations of $36.94 million. On average, sell-side analysts anticipate that Mvb Financial will post 1.63 EPS for the current fiscal year.

About Mvb Financial

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.