Brokerages Set Mvb Financial Corp. (NASDAQ:MVBF) PT at $32.75

Mvb Financial Corp. (NASDAQ:MVBF) has received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $32.75.

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their price objective on Mvb Financial from $32.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Zacks Research lowered shares of Mvb Financial from a “hold” rating to a “strong sell” rating in a research 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 note on Thursday, July 2nd. 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. Finally, TD Cowen increased their price target on shares of Mvb Financial from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, July 29th.

Mvb Financial Trading Up 1.5%

Shares of NASDAQ:MVBF opened at $30.50 on Friday. Mvb Financial has a 1 year low of $22.90 and a 1 year high of $31.99. The firm has a fifty day moving average price of $29.37 and a 200 day moving average price of $27.46. The stock has a market capitalization of $395.58 million, a PE ratio of 10.30 and a beta of 0.80. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16.

Mvb Financial (NASDAQ:MVBF) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $36.94 million. Analysts expect that Mvb Financial will post 1.63 EPS for the current fiscal year.

Mvb Financial Dividend Announcement

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

Institutional Investors Weigh In On Mvb Financial

Several hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings 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 acquiring an additional 686 shares in the last quarter. Strs Ohio lifted its position in shares of Mvb Financial by 8.5% in the 4th quarter. Strs Ohio now owns 8,900 shares of the company’s stock worth $230,000 after acquiring an additional 700 shares during the period. Quantinno Capital Management LP grew its holdings in shares of Mvb Financial by 2.6% during the 1st quarter. Quantinno Capital Management LP now owns 28,537 shares of the company’s stock worth $709,000 after purchasing an additional 722 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Mvb Financial by 3.6% during the 4th quarter. AQR Capital Management LLC now owns 27,396 shares of the company’s stock worth $708,000 after purchasing an additional 958 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Mvb Financial by 2,673.2% during 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. Institutional investors own 52.72% of the company’s stock.

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.