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

Key Points

• Mvb Financial Corp. has received a consensus rating of "Moderate Buy" from analysts, with two holding ratings and five recommending buy, along with an average price target of $29.25.
• Institutional investors and hedge funds currently own approximately 52.72% of Mvb Financial's stock, showing increased interest with several funds significantly raising their stakes recently.
• The company reported a $0.15 earnings per share for the last quarter, falling short of the consensus estimate of $0.31, and has also announced a quarterly dividend of $0.17.

Mvb Financial Corp. (NASDAQ:MVBF - Get Free Report) has been given an average rating of "Moderate Buy" by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $29.25.

MVBF has been the topic of several recent analyst reports. Raymond James Financial set a $30.00 price objective on Mvb Financial and gave the stock an "outperform" rating in a report on Tuesday, October 7th. TD Cowen began coverage on Mvb Financial in a report on Thursday, September 25th. They issued a "buy" rating and a $35.00 target price on the stock. Cowen began coverage on Mvb Financial in a report on Wednesday, September 24th. They issued a "buy" rating on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Mvb Financial in a report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods upped their target price on Mvb Financial from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Monday, August 4th.

Hedge Funds Weigh In On Mvb Financial

A number of hedge funds have recently added to or reduced their stakes in MVBF. CWM LLC increased its holdings in Mvb Financial by 75.8% in the second quarter. CWM LLC now owns 1,208 shares of the company's stock worth $27,000 after buying an additional 521 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Mvb Financial in the second quarter worth approximately $32,000. Tower Research Capital LLC TRC increased its holdings in Mvb Financial by 200.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company's stock worth $42,000 after buying an additional 1,248 shares during the last quarter. GAMMA Investing LLC increased its holdings in Mvb Financial by 6,989.3% in the first quarter. GAMMA Investing LLC now owns 5,317 shares of the company's stock worth $92,000 after buying an additional 5,242 shares during the last quarter. Finally, Strs Ohio acquired a new position in Mvb Financial in the first quarter worth approximately $132,000. Institutional investors and hedge funds own 52.72% of the company's stock.

Mvb Financial Price Performance

NASDAQ MVBF opened at $25.15 on Monday. The stock's 50-day moving average price is $24.58 and its two-hundred day moving average price is $21.64. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24. The company has a market cap of $320.16 million, a PE ratio of 19.35 and a beta of 1.08. Mvb Financial has a 1 year low of $15.59 and a 1 year high of $27.22.

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

Mvb Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Monday, September 1st were issued a $0.17 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.7%. Mvb Financial's dividend payout ratio is currently 52.31%.

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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