Analysts Set Mvb Financial Corp. (NASDAQ:MVBF) Price Target at $32.00

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $32.00.

Several brokerages have recently commented on MVBF. Zacks Research upgraded shares of Mvb Financial from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. Hovde Group upped their price objective on shares of Mvb Financial from $31.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Keefe, Bruyette & Woods increased their price objective on shares of Mvb Financial from $25.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 10th. Wall Street Zen downgraded Mvb Financial from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Mvb Financial in a report on Monday, December 29th.

Mvb Financial Stock Down 0.5%

Shares of NASDAQ:MVBF opened at $27.13 on Friday. The stock has a market cap of $345.15 million, a price-to-earnings ratio of 13.17 and a beta of 0.94. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.23. Mvb Financial has a 12-month low of $15.59 and a 12-month high of $29.59. The business’s 50 day moving average is $27.35 and its 200 day moving average is $26.15.

Mvb Financial (NASDAQ:MVBF) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $39.08 million during the quarter, compared to analyst estimates of $35.13 million. Mvb Financial had a return on equity of 2.12% and a net margin of 13.37%. On average, sell-side analysts forecast that Mvb Financial will post 1.4 earnings per share for the current fiscal year.

Mvb Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 15th. Stockholders of record on Sunday, March 1st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.68 annualized dividend and a dividend yield of 2.5%. Mvb Financial’s dividend payout ratio (DPR) is currently 33.01%.

Hedge Funds Weigh In On Mvb Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in MVBF. Fourthstone LLC lifted its stake in shares of 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 buying an additional 190,223 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Mvb Financial by 200.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock valued at $42,000 after buying an additional 1,248 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Mvb Financial during the 3rd quarter valued at $202,000. Jane Street Group LLC purchased a new stake in shares of Mvb Financial during the first quarter worth $230,000. Finally, Empowered Funds LLC lifted its position in shares of Mvb Financial by 9.0% during the first quarter. Empowered Funds LLC now owns 14,144 shares of the company’s stock worth $245,000 after acquiring an additional 1,165 shares in the last quarter. 52.72% of the stock is owned by hedge funds and other 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.