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

Key Points

• Mvb Financial has a consensus analyst rating of "Moderate Buy", with four buy ratings and two hold ratings. The average 12-month price target from covering firms is $31.25.
• The company reported Q1 earnings of $0.39 per share, beating estimates by $0.02, though revenue of $36.53 million came in below expectations. Analysts currently expect full-year earnings of $1.69 per share.
• Mvb Financial recently paid a quarterly dividend of $0.17 per share, or $0.68 annually, for a 2.6% yield. Institutional investors own 52.72% of the stock.

Mvb Financial Corp. (NASDAQ:MVBF - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $31.25.

Several research analysts have recently issued reports on the stock. Hovde Group boosted their price objective on shares of Mvb Financial from $31.00 to $33.00 and gave the stock an "outperform" rating in a report on Friday, February 13th. TD Cowen dropped their price objective on shares of Mvb Financial from $35.00 to $32.00 and set a "buy" rating on the stock in a report on Friday, May 1st. Raymond James Financial downgraded shares of Mvb Financial from an "outperform" rating to a "market perform" rating in a report on Thursday, April 30th. Wall Street Zen downgraded shares of Mvb Financial from a "hold" rating to a "sell" rating in a report on Saturday, April 11th. Finally, Weiss Ratings downgraded shares of Mvb Financial from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday.

Mvb Financial Stock Performance

NASDAQ:MVBF opened at $26.39 on Friday. The firm's 50-day moving average is $25.82 and its 200-day moving average is $26.58. Mvb Financial has a 52-week low of $17.13 and a 52-week high of $29.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $339.11 million, a price-to-earnings ratio of 12.11 and a beta of 0.82.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. Mvb Financial had a net margin of 13.98% and a return on equity of 2.57%. The company had revenue of $36.53 million for the quarter, compared to the consensus estimate of $37.72 million. Equities research analysts anticipate that Mvb Financial will post 1.69 earnings per share for the current year.

Mvb Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, March 15th. Investors of record on Sunday, March 1st were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.68 dividend on an annualized basis and a yield of 2.6%. Mvb Financial's payout ratio is presently 31.19%.

Institutional Trading of Mvb Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Daytona Street Capital LLC bought a new stake in Mvb Financial in the fourth quarter valued at about $507,000. Huntington National Bank bought a new stake in Mvb Financial in the third quarter valued at about $138,000. CWM LLC increased its stake in Mvb Financial by 68.6% in the third quarter. CWM LLC now owns 2,037 shares of the company's stock valued at $51,000 after acquiring an additional 829 shares during the period. Versant Capital Management Inc increased its stake in Mvb Financial by 317.6% in the third quarter. Versant Capital Management Inc now owns 2,063 shares of the company's stock valued at $52,000 after acquiring an additional 1,569 shares during the period. Finally, AQR Capital Management LLC increased its stake in Mvb Financial by 3.6% in the fourth quarter. AQR Capital Management LLC now owns 27,396 shares of the company's stock valued at $708,000 after acquiring an additional 958 shares during the period. Institutional investors own 52.72% of the company's stock.

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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