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

Key Points

• Consensus: Moderate Buy — Six brokerages covering MVB Financial give a consensus "Moderate Buy" (five buy ratings, one hold) with an average 12‑month price target of $32.00.
• Recent results beat estimates, reporting $0.32 EPS vs. $0.31 and revenue of $39.08M vs. $35.13M; shares trade around $26.37 with a 52‑week range of $15.59–$29.59 and a P/E of 12.8.
• Institutional ownership is significant at 52.72%, and the firm pays a quarterly dividend of $0.17 (annualized yield ~2.6% and a payout ratio of 33%).

Mvb Financial Corp. (NASDAQ:MVBF - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $32.00.

Several equities analysts have recently weighed in on MVBF shares. Weiss Ratings reissued a "buy (b-)" rating on shares of Mvb Financial in a research note on Monday, December 29th. Hovde Group raised their price target on shares of Mvb Financial from $31.00 to $33.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. Zacks Research raised shares of Mvb Financial from a "strong sell" rating to a "hold" rating in a research note on Friday, January 2nd. Finally, Wall Street Zen downgraded shares of Mvb Financial from a "hold" rating to a "sell" rating in a research note on Saturday.

Hedge Funds Weigh In On Mvb Financial

Several hedge funds and other institutional investors have recently modified their holdings of the business. Strs Ohio lifted its stake in shares of Mvb Financial by 8.5% in the fourth quarter. Strs Ohio now owns 8,900 shares of the company's stock worth $230,000 after buying an additional 700 shares in the last quarter. CWM LLC raised its stake in Mvb Financial by 68.6% during the third quarter. CWM LLC now owns 2,037 shares of the company's stock worth $51,000 after purchasing an additional 829 shares during the period. AQR Capital Management LLC raised its stake in Mvb Financial by 3.6% during the fourth quarter. AQR Capital Management LLC now owns 27,396 shares of the company's stock worth $708,000 after purchasing an additional 958 shares during the period. Russell Investments Group Ltd. raised its stake in Mvb Financial by 2,673.2% during the third 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 during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in Mvb Financial by 3.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,153 shares of the company's stock worth $934,000 after purchasing an additional 1,120 shares during the period. 52.72% of the stock is owned by hedge funds and other institutional investors.

Mvb Financial Price Performance

Shares of NASDAQ MVBF opened at $26.37 on Monday. The company's 50-day simple moving average is $26.53 and its 200-day simple moving average is $26.56. Mvb Financial has a 52-week low of $15.59 and a 52-week high of $29.59. The firm has a market cap of $338.85 million, a price-to-earnings ratio of 12.80 and a beta of 0.90. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last announced its earnings results on Thursday, February 12th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. Mvb Financial had a net margin of 13.37% and a return on equity of 2.09%. The business had revenue of $39.08 million for the quarter, compared to analyst estimates of $35.13 million. Equities analysts predict that Mvb Financial will post 1.4 EPS for the current fiscal year.

Mvb Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, March 15th. Stockholders of record on Sunday, March 1st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, February 27th. Mvb Financial's dividend payout ratio (DPR) is currently 33.01%.

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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