Mvb Financial (NASDAQ:MVBF) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Mvb Financial (NASDAQ:MVBF) released its quarterly earnings results on Thursday. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01, Zacks reports. Mvb Financial had a return on equity of 2.12% and a net margin of 13.37%.The business had revenue of $39.08 million during the quarter, compared to analyst estimates of $35.13 million.

Mvb Financial Trading Down 1.7%

Shares of MVBF stock opened at $27.48 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.23. The firm has a market cap of $349.55 million, a P/E ratio of 13.34 and a beta of 0.94. The company has a 50 day moving average of $27.34 and a 200-day moving average of $25.87. Mvb Financial has a 12-month low of $15.59 and a 12-month high of $29.59.

Mvb Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.17 per share. The ex-dividend date was Monday, December 1st. This represents a $0.68 annualized dividend and a dividend yield of 2.5%. Mvb Financial’s dividend payout ratio (DPR) is presently 27.64%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MVBF. Keefe, Bruyette & Woods upped their target price on shares of Mvb Financial from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Monday, November 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Mvb Financial in a report on Monday, December 29th. Wall Street Zen downgraded shares of Mvb Financial from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Hovde Group lifted their target price on shares of Mvb Financial from $31.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Zacks Research upgraded Mvb Financial from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Mvb Financial currently has an average rating of “Moderate Buy” and an average price target of $32.00.

Institutional Trading of Mvb Financial

Large investors have recently bought and sold shares of the company. Marshall Wace LLP purchased a new position in shares of Mvb Financial during the 4th quarter valued at $1,336,000. Wells Fargo & Company MN raised its stake in Mvb Financial by 34.3% in the 4th quarter. Wells Fargo & Company MN now owns 14,513 shares of the company’s stock valued at $375,000 after acquiring an additional 3,706 shares during the period. Jane Street Group LLC lifted its holdings in Mvb Financial by 58.7% during the fourth quarter. Jane Street Group LLC now owns 29,912 shares of the company’s stock valued at $773,000 after purchasing an additional 11,065 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Mvb Financial during the fourth quarter valued at about $550,000. Finally, Dimensional Fund Advisors LP boosted its position in Mvb Financial by 3.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 486,958 shares of the company’s stock worth $12,579,000 after purchasing an additional 17,244 shares during the period. 52.72% of the stock is owned by hedge funds and other institutional investors.

About Mvb Financial

MVB Financial Corp is a bank holding company based in Fairmont, West Virginia, serving individuals and businesses through its subsidiary, MVB Bank, Inc The company operates under a “Local First Banking” philosophy, emphasizing personalized service across its branch network. Its core business activities include deposit-taking, commercial lending, residential mortgage origination, and wealth management services.

On the deposit side, MVB Bank offers a range of products such as checking and savings accounts, money market accounts, and certificates of deposit.