Mvb Financial Corp. (NASDAQ:MVBF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Mvb Financial Corp. (NASDAQ:MVBF) has received an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $31.25.

Several research firms recently weighed in on MVBF. Hovde Group raised their price objective on Mvb Financial from $31.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Weiss Ratings downgraded Mvb Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Raymond James Financial downgraded Mvb Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. TD Cowen dropped their price objective on Mvb Financial from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, Wall Street Zen raised Mvb Financial from a “sell” rating to a “hold” rating in a research note on Monday, June 1st.

Mvb Financial Stock Performance

NASDAQ:MVBF opened at $27.86 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.16. Mvb Financial has a fifty-two week low of $19.39 and a fifty-two week high of $29.59. The stock has a market cap of $358.00 million, a PE ratio of 12.78 and a beta of 0.82. The firm’s fifty day simple moving average is $25.96 and its 200-day simple moving average is $26.56.

Mvb Financial (NASDAQ:MVBF) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Mvb Financial had a net margin of 13.98% and a return on equity of 2.54%. The business had revenue of $36.53 million for the quarter, compared to analysts’ expectations of $37.72 million. Analysts expect that Mvb Financial will post 1.69 earnings per share for the current fiscal year.

Mvb Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, June 1st. Mvb Financial’s dividend payout ratio (DPR) is presently 31.19%.

Hedge Funds Weigh In On Mvb Financial

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in Mvb Financial by 6.3% in the 1st quarter. Bank of America Corp DE now owns 11,627 shares of the company’s stock valued at $289,000 after purchasing an additional 686 shares in the last quarter. Empowered Funds LLC increased its position in Mvb Financial by 9.9% during the first quarter. Empowered Funds LLC now owns 37,845 shares of the company’s stock worth $940,000 after buying an additional 3,420 shares in the last quarter. Quantinno Capital Management LP increased its position in Mvb Financial by 2.6% during the first quarter. Quantinno Capital Management LP now owns 28,537 shares of the company’s stock worth $709,000 after buying an additional 722 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Mvb Financial by 7.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 54,309 shares of the company’s stock worth $1,348,000 after buying an additional 3,806 shares in the last quarter. Finally, Sei Investments Co. purchased a new position in Mvb Financial during the first quarter worth $272,000. 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.