Mvb Financial Corp. (NASDAQ:MVBF) Stock Has Consensus Target Price of $32.75

Key Points

• MVB Financial has a “Moderate Buy” consensus rating from six analysts, with four buys and two holds. The average 12-month price target is $32.75, above the stock’s reported opening price of $30.46.
• The company significantly exceeded quarterly expectations, reporting $0.93 in EPS versus a $0.34 consensus estimate and revenue of $50.73 million compared with expectations of $36.94 million.
• MVB Financial declared a quarterly dividend of $0.17, equivalent to $0.68 annually and a 2.2% yield. Institutional investors own 52.72% of the company’s outstanding shares.

Shares of Mvb Financial Corp. (NASDAQ:MVBF - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $32.75.

MVBF has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their target price on Mvb Financial from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. TD Cowen increased their price target on Mvb Financial from $32.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Zacks Research raised shares of Mvb Financial from a "strong sell" rating to a "hold" rating in a research report on Monday, September 7th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Mvb Financial in a research note on Tuesday, September 29th.

Mvb Financial Price Performance

NASDAQ MVBF opened at $30.46 on Monday. Mvb Financial has a fifty-two week low of $23.99 and a fifty-two week high of $31.99. The stock's 50-day moving average is $30.43 and its two-hundred day moving average is $28.13. The firm has a market cap of $395.07 million, a P/E ratio of 10.29 and a beta of 0.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.92.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.59. The company had revenue of $50.73 million during the quarter, compared to the consensus estimate of $36.94 million. Mvb Financial had a return on equity of 2.86% and a net margin of 17.53%. On average, analysts anticipate that Mvb Financial will post 1.63 earnings per share for the current fiscal year.

Mvb Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, September 1st. Mvb Financial's dividend payout ratio (DPR) is 22.97%.

Institutional Investors Weigh In On Mvb Financial

Hedge funds have recently bought and sold shares of the company. Pure Financial Advisors LLC bought a new stake in Mvb Financial during the 2nd quarter valued at approximately $2,461,000. BlackRock Inc. bought a new position in Mvb Financial in the 2nd quarter worth approximately $30,152,000. Basswood Capital Management L.L.C. acquired a new position in shares of Mvb Financial during the second quarter worth approximately $7,477,000. Empowered Funds LLC bought a new stake in shares of Mvb Financial in the second quarter valued at approximately $1,184,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Mvb Financial in the second quarter valued at approximately $1,780,000. 52.72% of the stock is currently owned by institutional investors.

Mvb Financial Company Profile

MVB Financial Corp. is a bank holding company headquartered in Fairmont, West Virginia. Its principal subsidiary, MVB Bank, provides banking and financial services to individuals, businesses, nonprofit organizations and government entities.

MVB Bank offers deposit accounts, commercial and consumer lending, residential mortgage services, treasury management, payment solutions, wealth management and other traditional banking products. The company also supports financial technology companies through specialized banking, payments and related financial services.

MVB primarily serves customers in West Virginia, Virginia, Maryland and the Washington, DC, metropolitan area, while certain technology-focused services may reach clients beyond its branch footprint.

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