Mvb Financial Corp. (NASDAQ:MVBF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Mvb Financial Corp. (NASDAQ:MVBF) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $32.75.

A number of equities analysts recently commented on MVBF shares. Wall Street Zen raised Mvb Financial from a “sell” rating to a “hold” rating in a research note on Monday, June 1st. Zacks Research raised shares of Mvb Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, September 7th. Weiss Ratings upgraded shares of Mvb Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 2nd. TD Cowen increased their price objective on shares of Mvb Financial from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Mvb Financial from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th.

Mvb Financial Stock Performance

NASDAQ MVBF opened at $31.38 on Thursday. The company has a market capitalization of $406.94 million, a price-to-earnings ratio of 10.60 and a beta of 0.81. 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 twelve month low of $23.88 and a twelve month high of $31.99. The stock has a fifty day simple moving average of $30.08 and a 200 day simple moving average of $27.73.

Mvb Financial (NASDAQ:MVBF) last announced its earnings results on Tuesday, July 28th. The company reported $0.93 EPS for the quarter, topping 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 firm had revenue of $50.73 million for the quarter, compared to the consensus estimate of $36.94 million. Sell-side analysts expect that Mvb Financial will post 1.63 EPS for the current year.

Mvb Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.68 annualized dividend and a dividend yield of 2.2%. Mvb Financial’s dividend payout ratio is presently 22.97%.

Hedge Funds Weigh In On Mvb Financial

A number of institutional investors and hedge funds have recently modified their holdings of MVBF. California State Teachers Retirement System grew its holdings in Mvb Financial by 652.9% in the second quarter. California State Teachers Retirement System now owns 4,555 shares of the company’s stock worth $132,000 after purchasing an additional 3,950 shares during the period. Empowered Funds LLC bought a new stake in Mvb Financial in the second quarter valued at $1,184,000. Public Employees Retirement System of Ohio acquired a new position in shares of Mvb Financial during the second quarter valued at about $48,000. Pure Financial Advisors LLC acquired a new position in shares of Mvb Financial during the second quarter valued at about $2,461,000. Finally, Bank of America Corp DE bought a new position in shares of Mvb Financial during the 2nd quarter worth about $270,000. 52.72% of the stock is currently owned by institutional investors.

Mvb Financial Company Profile