Keefe, Bruyette & Woods Lowers MVB Financial (NASDAQ:MVBF) Price Target to $25.00

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

MVB Financial Stock Down 0.1 %

MVB Financial stock traded down $0.01 during mid-day trading on Monday, hitting $17.63. The company had a trading volume of 18,677 shares, compared to its average volume of 33,376. The stock's 50 day moving average price is $19.55 and its two-hundred day moving average price is $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. The company has a market capitalization of $228.15 million, a PE ratio of 11.52 and a beta of 1.03. MVB Financial has a 12 month low of $17.34 and a 12 month high of $25.24.

MVB Financial (NASDAQ:MVBF - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.39. MVB Financial had a net margin of 8.78% and a return on equity of 6.76%. The business had revenue of $46.18 million for the quarter, compared to analysts' expectations of $33.60 million. As a group, sell-side analysts anticipate that MVB Financial will post 1.4 earnings per share for the current fiscal year.

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MVB Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be given a $0.17 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.68 annualized dividend and a yield of 3.86%. MVB Financial's payout ratio is presently 44.44%.

Institutional Trading of MVB Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in MVB Financial during the 4th quarter valued at approximately $111,000. Wells Fargo & Company MN raised its position in MVB Financial by 20.3% in the 4th quarter. Wells Fargo & Company MN now owns 8,705 shares of the company's stock worth $180,000 after purchasing an additional 1,467 shares during the period. Empowered Funds LLC grew its holdings in shares of MVB Financial by 4.5% in the third quarter. Empowered Funds LLC now owns 12,354 shares of the company's stock worth $239,000 after purchasing an additional 536 shares during the last quarter. Natixis Advisors LLC bought a new position in MVB Financial in the 3rd quarter worth about $242,000. Finally, Deutsche Bank AG purchased a new stake in shares of MVB Financial in the 4th quarter worth $272,000. 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.