MVB Financial (NASDAQ:MVBF) Price Target Cut to $25.00 by Analysts at Keefe, Bruyette & Woods

MVB Financial (NASDAQ:MVBF) had its price target cut by Keefe, Bruyette & Woods from $26.00 to $25.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an outperform rating on the stock.

MVB Financial Stock Performance

Shares of NASDAQ MVBF opened at $17.64 on Monday. The firm has a market capitalization of $228.28 million, a price-to-earnings ratio of 11.53 and a beta of 1.04. MVB Financial has a 12-month low of $17.41 and a 12-month high of $25.24. The firm has a 50 day moving average of $19.55 and a 200 day moving average of $20.17. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24.

MVB Financial (NASDAQ:MVBF) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.39. The business had revenue of $46.18 million during the quarter, compared to analyst estimates of $33.60 million. MVB Financial had a net margin of 8.78% and a return on equity of 6.76%. On average, research analysts anticipate that MVB Financial will post 1.4 earnings per share for the current year.

MVB Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Saturday, March 1st will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend is Friday, February 28th. MVB Financial’s dividend payout ratio (DPR) is presently 44.44%.

Hedge Funds Weigh In On MVB Financial

Several hedge funds have recently modified their holdings of the stock. Two Sigma Advisers LP lifted its holdings in shares of MVB Financial by 11.6% in the fourth quarter. Two Sigma Advisers LP now owns 13,500 shares of the company’s stock worth $279,000 after buying an additional 1,400 shares in the last quarter. Two Sigma Investments LP lifted its holdings in shares of MVB Financial by 47.4% in the fourth quarter. Two Sigma Investments LP now owns 22,409 shares of the company’s stock worth $464,000 after buying an additional 7,211 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of MVB Financial in the fourth quarter worth $272,000. Bank of America Corp DE lifted its holdings in shares of MVB Financial by 85.2% in the fourth quarter. Bank of America Corp DE now owns 27,652 shares of the company’s stock worth $572,000 after buying an additional 12,723 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of MVB Financial by 3.6% in the fourth quarter. Northern Trust Corp now owns 99,258 shares of the company’s stock worth $2,055,000 after buying an additional 3,409 shares in the last quarter. Hedge funds and other institutional investors own 52.72% of the company’s stock.

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.