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

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

MVB Financial Stock Performance

Shares of NASDAQ MVBF opened at $18.35 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market cap of $237.47 million, a price-to-earnings ratio of 11.99 and a beta of 1.04. The stock’s fifty day moving average price is $19.65 and its two-hundred day moving average price is $20.21. MVB Financial has a one year low of $17.51 and a one year high of $25.24.

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

MVB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Saturday, March 1st will be issued a $0.17 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.68 annualized dividend and a yield of 3.71%. MVB Financial’s dividend payout ratio is presently 44.44%.

Institutional Trading of MVB Financial

Large investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. lifted its position in MVB Financial by 19.0% during the third quarter. Assenagon Asset Management S.A. now owns 19,258 shares of the company’s stock worth $373,000 after purchasing an additional 3,077 shares during the period. Empowered Funds LLC lifted its holdings in shares of MVB Financial by 4.5% during the 3rd quarter. Empowered Funds LLC now owns 12,354 shares of the company’s stock worth $239,000 after acquiring an additional 536 shares during the period. Natixis Advisors LLC acquired a new stake in shares of MVB Financial during the 3rd quarter worth approximately $242,000. Martingale Asset Management L P bought a new position in MVB Financial in the third quarter valued at approximately $376,000. Finally, State Street Corp raised its position in MVB Financial by 2.9% during the third quarter. State Street Corp now owns 225,727 shares of the company’s stock valued at $4,370,000 after purchasing an additional 6,274 shares in the last quarter. 52.72% of the stock is owned by institutional investors and hedge funds.

About MVB Financial

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.