Mvb Financial Corp. (NASDAQ:MVBF) Stock Rated “Moderate Buy” by Wall Street Analysts

Mvb Financial Corp. (NASDAQ:MVBF) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $33.67.

MVBF has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Mvb Financial in a research report on Tuesday, September 29th. TD Cowen increased their price objective on shares of Mvb Financial from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Zacks Research upgraded shares of Mvb Financial from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Finally, Keefe, Bruyette & Woods raised 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.

Mvb Financial Price Performance

MVBF opened at $28.91 on Monday. The business’s fifty day moving average is $30.37 and its two-hundred day moving average is $28.29. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $374.96 million, a price-to-earnings ratio of 9.77 and a beta of 0.87. Mvb Financial has a one year low of $23.99 and a one year high of $31.99.

Mvb Financial (NASDAQ:MVBF) last posted its earnings results 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. Mvb Financial had a return on equity of 2.86% and a net margin of 17.53%. The company had revenue of $50.73 million for the quarter, compared to analyst estimates of $36.94 million. Analysts anticipate that Mvb Financial will post 1.63 EPS for the current fiscal year.

Mvb Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, September 1st. Mvb Financial’s dividend payout ratio is 22.97%.

Institutional Trading of Mvb Financial

Several large investors have recently modified their holdings of MVBF. BlackRock Inc. acquired a new position in shares of Mvb Financial during the 2nd quarter worth approximately $30,152,000. Dimensional Fund Advisors LP grew its holdings in Mvb Financial by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 506,608 shares of the company’s stock valued at $12,580,000 after buying an additional 19,650 shares during the last quarter. Basswood Capital Management L.L.C. acquired a new stake in Mvb Financial during the 2nd quarter valued at $7,477,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Mvb Financial during the 2nd quarter valued at $3,253,000. Finally, Pure Financial Advisors LLC acquired a new stake in Mvb Financial during the 2nd quarter valued at $2,461,000. 52.72% of the stock is currently owned by institutional investors and hedge funds.

Mvb Financial Company Profile

MVB Financial Corp. is a bank holding company headquartered in Fairmont, West Virginia. Its principal subsidiary, MVB Bank, provides banking and financial services to individuals, businesses, nonprofit organizations and government entities.

MVB Bank offers deposit accounts, commercial and consumer lending, residential mortgage services, treasury management, payment solutions, wealth management and other traditional banking products. The company also supports financial technology companies through specialized banking, payments and related financial services.

MVB primarily serves customers in West Virginia, Virginia, Maryland and the Washington, DC, metropolitan area, while certain technology-focused services may reach clients beyond its branch footprint.