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

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

MVB Financial Trading Down 0.8 %

Shares of MVB Financial stock opened at $18.35 on Monday. The firm has a market capitalization of $237.47 million, a PE ratio of 11.99 and a beta of 1.04. 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 firm’s 50 day moving average is $19.65 and its 200 day moving average is $20.21. MVB Financial has a 1 year low of $17.51 and a 1 year high of $25.24.

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

MVB Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Saturday, March 1st will be given a dividend of $0.17 per share. The ex-dividend date of this dividend 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%.

Hedge Funds Weigh In On MVB Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in MVB Financial in the fourth quarter valued at $111,000. Wells Fargo & Company MN increased its stake in shares of MVB Financial by 20.3% in the fourth quarter. Wells Fargo & Company MN now owns 8,705 shares of the company’s stock valued at $180,000 after buying an additional 1,467 shares during the period. Empowered Funds LLC raised its position in shares of MVB Financial by 4.5% during the third 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 last quarter. Natixis Advisors LLC acquired a new position in shares of MVB Financial in the third quarter worth approximately $242,000. Finally, Deutsche Bank AG bought a new stake in MVB Financial in the fourth quarter valued at approximately $272,000. 52.72% of the stock is currently 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.