Mvb Financial Corp. (NASDAQ:MVBF) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on MVB Financial, with four buys and two holds among six analysts. The average 12-month price target is $32.75, above the reported $30.64 share price.
• MVB Financial reported quarterly EPS of $0.93, substantially exceeding the $0.34 analyst consensus, while revenue of $50.73 million also topped estimates of $36.94 million.
• The company announced a quarterly dividend of $0.17 per share, equivalent to an annualized $0.68 payout and a 2.2% yield; institutional investors own approximately 52.72% of the stock.

Shares of Mvb Financial Corp. (NASDAQ:MVBF - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $32.75.

MVBF has been the subject of a number of research reports. TD Cowen increased their price target on 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 Mvb Financial from a "strong sell" rating to a "hold" rating in a research note on Monday. Wall Street Zen raised shares of Mvb Financial from a "sell" rating to a "hold" rating in a research note on Monday, June 1st. Weiss Ratings upgraded shares of Mvb Financial from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, July 2nd. Finally, Keefe, Bruyette & Woods raised their price target 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 Up 0.2%

Shares of MVBF opened at $30.64 on Thursday. The business's 50 day moving average is $29.95 and its 200 day moving average is $27.65. 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 has a 12-month low of $23.75 and a 12-month high of $31.99. The company has a market capitalization of $397.40 million, a PE ratio of 10.35 and a beta of 0.81.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.59. Mvb Financial had a net margin of 17.53% and a return on equity of 2.86%. The business had revenue of $50.73 million during the quarter, compared to analyst estimates of $36.94 million. Research analysts expect that Mvb Financial will post 1.63 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 Tuesday, September 15th. Shareholders 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 yield of 2.2%. Mvb Financial's dividend payout ratio (DPR) is 22.97%.

Institutional Investors Weigh In On Mvb Financial

A number of hedge funds have recently made changes to their positions in MVBF. Wellington Management Group LLP grew its stake in Mvb Financial by 56.5% in the third quarter. Wellington Management Group LLP now owns 1,782,385 shares of the company's stock valued at $44,667,000 after purchasing an additional 643,551 shares during the last quarter. BlackRock Inc. acquired a new stake in Mvb Financial in the 2nd quarter worth approximately $30,152,000. Dimensional Fund Advisors LP grew its holdings in shares of Mvb Financial by 4.0% during the first 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. Geode Capital Management LLC increased its holdings in shares of Mvb Financial by 0.8% in the second quarter. Geode Capital Management LLC now owns 277,417 shares of the company's stock valued at $6,252,000 after purchasing an additional 2,160 shares during the period. Finally, Basswood Capital Management L.L.C. acquired a new stake in Mvb Financial during the 2nd quarter valued at approximately $7,477,000. 52.72% of the stock is currently 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.

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