Mvb Financial Corp. (NASDAQ:MVBF) Given Consensus Rating of "Buy" by Analysts

Key Points

• Mvb Financial Corp. has received a consensus rating of "Buy" from five research firms, with an average one-year price target of $28.00.
• The company experienced a slight increase in stock price, trading at $24.28, despite reporting Q2 earnings of $0.15 EPS, missing analyst estimates of $0.31 EPS.
• Mvb Financial recently announced a quarterly dividend of $0.17 per share, offering a 2.8% dividend yield with a payout ratio of 52.31%.

Mvb Financial Corp. (NASDAQ:MVBF - Get Free Report) has been given a consensus rating of "Buy" by the five research firms that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 1 year price target among analysts that have covered the stock in the last year is $28.00.

A number of analysts have recently weighed in on MVBF shares. Hovde Group dropped their price objective on Mvb Financial from $28.00 to $27.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Wall Street Zen downgraded Mvb Financial from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Raymond James Financial reiterated an "outperform" rating and issued a $25.00 price objective (up from $20.00) on shares of Mvb Financial in a report on Tuesday, July 8th. Cowen initiated coverage on Mvb Financial in a research note on Wednesday. They set a "buy" rating for the company. Finally, Keefe, Bruyette & Woods boosted their price objective on Mvb Financial from $23.00 to $25.00 and gave the company an "outperform" rating in a research note on Monday, August 4th.

Mvb Financial Trading Up 0.3%

Shares of MVBF stock traded up $0.08 during trading hours on Thursday, hitting $24.28. 3,051 shares of the company were exchanged, compared to its average volume of 42,306. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market cap of $309.02 million, a P/E ratio of 18.67 and a beta of 1.01. The company has a 50 day simple moving average of $23.75 and a two-hundred day simple moving average of $20.56. Mvb Financial has a fifty-two week low of $15.59 and a fifty-two week high of $25.13.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.16). Mvb Financial had a net margin of 7.84% and a return on equity of 5.60%. The firm had revenue of $33.72 million during the quarter, compared to the consensus estimate of $35.80 million. Equities analysts anticipate that Mvb Financial will post 1.4 EPS for the current year.

Mvb Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.8%. Mvb Financial's dividend payout ratio is presently 52.31%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in 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. Fourthstone LLC lifted its holdings in Mvb Financial by 275.2% during the 2nd quarter. Fourthstone LLC now owns 259,356 shares of the company's stock worth $5,843,000 after buying an additional 190,223 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Mvb Financial by 9.0% in the 1st quarter. Bridgeway Capital Management LLC now owns 163,744 shares of the company's stock valued at $2,836,000 after purchasing an additional 13,565 shares during the last quarter. American Century Companies Inc. raised its stake in Mvb Financial by 13.7% during the 1st quarter. American Century Companies Inc. now owns 111,369 shares of the company's stock valued at $1,929,000 after acquiring an additional 13,418 shares during the last quarter. Finally, AA Financial Advisors LLC acquired a new position in Mvb Financial during the 1st quarter worth approximately $1,299,000. 52.72% of the stock is owned by institutional investors and hedge funds.

Mvb Financial Company Profile

MVB Financial Corp. operates as bank holding company for MVB Bank, Inc that provides financial services to individuals and corporate clients. The company operates through three segments: CoRe Banking, Mortgage Banking, and The Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and commercial, consumer, and real estate mortgage loans, as well as lines of credit.

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