Mvb Financial Corp. (NASDAQ:MVBF) Stock Has Consensus Target Price of $33.67 According to Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on MVB Financial, with four buys and two holds among six firms and an average 12-month price target of $33.67, above the $29.74 share price.
• MVB Financial reported quarterly EPS of $0.04, missing the $0.41 consensus estimate, while revenue of $40.43 million exceeded expectations of $39.10 million.
• Institutional investors own 52.72% of the company, and MVB Financial pays a quarterly dividend of $0.17 per share, equivalent to a 2.3% yield and a 22.97% payout ratio.

Mvb Financial Corp. (NASDAQ:MVBF - Get Free Report) has received an average rating of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $33.67.

A number of equities analysts recently issued reports on MVBF shares. Zacks Research upgraded Mvb Financial from a "strong sell" rating to a "hold" rating in a report on Monday, September 7th. TD Cowen boosted their price target on shares of Mvb Financial from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods upped their price objective on shares of Mvb Financial from $32.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Mvb Financial in a research note on Tuesday, September 29th.

Institutional Trading of Mvb Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new stake in Mvb Financial in the 2nd quarter valued at $35,000. Public Employees Retirement System of Ohio bought a new position in Mvb Financial during the 2nd quarter valued at $48,000. OneDigital Investment Advisors LLC bought a new position in Mvb Financial during the 2nd quarter valued at $236,000. Bank of America Corp DE purchased a new position in Mvb Financial during the 2nd quarter worth $270,000. Finally, Sei Investments Co. purchased a new position in Mvb Financial during the 1st quarter worth $272,000. 52.72% of the stock is owned by institutional investors.

Mvb Financial Stock Performance

Shares of Mvb Financial stock opened at $29.74 on Friday. The business has a 50-day simple moving average of $30.06 and a 200 day simple moving average of $28.10. Mvb Financial has a one year low of $23.99 and a one year high of $31.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $385.73 million, a price-to-earnings ratio of 10.05 and a beta of 0.87.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.37). Mvb Financial had a return on equity of 2.86% and a net margin of 17.53%. The firm had revenue of $40.43 million during the quarter, compared to the consensus estimate of $39.10 million. On average, research analysts anticipate 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 was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.68 annualized dividend and a dividend yield of 2.3%. Mvb Financial's payout ratio is presently 22.97%.

Mvb Financial Company Profile

MVB Financial Corp. is a financial holding company headquartered in Fairmont, West Virginia. Its principal subsidiary, MVB Bank, provides banking and financial services to individuals, businesses and organizations through locations and digital channels.

MVB Bank offers personal and business deposit accounts, commercial and consumer lending, mortgage banking, treasury management and wealth-management services. The bank also focuses on serving technology-oriented companies, including businesses in the financial technology, payments and gaming industries, with specialized banking and financial solutions.

Founded in 1997, MVB has expanded beyond its West Virginia roots to serve customers across the Mid-Atlantic region and clients in select industries on a broader geographic basis.

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