NasdaqCM:MVBF

Stock Analysis Report

Executive Summary

MVB Financial Corp., through its subsidiaries, provides banking and mortgage products and services to individuals and corporate clients in the Mid-Atlantic region.

Rewards

PE ratio (10.4x) is below the US market (18.6x)

Earnings grew by 151.4% over the past year

Pays a reliable dividend of 1.25%

Risk Analysis

Earnings are forecast to decline by an average of -30% per year for the next 3 years

High level of non-cash earnings

Shareholders have been diluted in the past year



Snowflake Analysis

Flawless balance sheet with proven track record and pays a dividend.


Similar Companies

Share Price & News

How has MVB Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MVBF has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.2%

MVBF

1.4%

US Banks

0.8%

US Market


1 Year Return

26.0%

MVBF

27.0%

US Banks

22.0%

US Market

Return vs Industry: MVBF matched the US Banks industry which returned 27% over the past year.

Return vs Market: MVBF exceeded the US Market which returned 22% over the past year.


Shareholder returns

MVBFIndustryMarket
7 Day3.2%1.4%0.8%
30 Day9.3%3.4%1.7%
90 Day7.8%10.2%5.2%
1 Year27.3%26.0%30.7%27.0%24.7%22.0%
3 Year77.9%73.8%34.0%24.5%46.9%37.3%
5 Year54.9%49.5%75.6%56.0%65.5%47.3%

Price Volatility Vs. Market

How volatile is MVB Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is MVB Financial undervalued compared to its fair value and its price relative to the market?

10.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MVBF ($22.42) is trading above our estimate of fair value ($10.88)

Significantly Below Fair Value: MVBF is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: MVBF is good value based on its PE Ratio (10.4x) compared to the Banks industry average (12.9x).

PE vs Market: MVBF is good value based on its PE Ratio (10.4x) compared to the US market (18.6x).


Price to Earnings Growth Ratio

PEG Ratio: MVBF's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: MVBF is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is MVB Financial forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-30.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MVBF's earnings are forecast to decline over the next 3 years (-30% per year).

Earnings vs Market: MVBF's earnings are forecast to decline over the next 3 years (-30% per year).

High Growth Earnings: MVBF's earnings are forecast to decline over the next 3 years.

Revenue vs Market: MVBF's revenue (2.9% per year) is forecast to grow slower than the US market (7.4% per year).

High Growth Revenue: MVBF's revenue (2.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MVBF's Return on Equity is forecast to be low in 3 years time (7%).


Next Steps

Past Performance

How has MVB Financial performed over the past 5 years?

37.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MVBF has a high level of non-cash earnings.

Growing Profit Margin: MVBF's current net profit margins (21.9%) are higher than last year (11.5%).


Past Earnings Growth Analysis

Earnings Trend: MVBF's earnings have grown significantly by 37.6% per year over the past 5 years.

Accelerating Growth: MVBF's earnings growth over the past year (151.4%) exceeds its 5-year average (37.6% per year).

Earnings vs Industry: MVBF earnings growth over the past year (151.4%) exceeded the Banks industry 27.1%.


Return on Equity

High ROE: MVBF's Return on Equity (12.3%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is MVB Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: MVBF has a low level of unsold assets or inventory.

Debt Coverage by Assets: MVBF's debt is not covered by short term assets (assets are 0.9x debt).


Financial Institutions Analysis

Asset Level: MVBF's level of assets compared to its equity is low.

Allowance for Bad Loans: MVBF has a sufficient allowance for bad loans.

Low Risk Liabilities: MVBF's liabilities are made up of primarily low risk sources of funding.

Loan Level: MVBF has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MVBF's loans are broadly funded by customer deposits.

Level of Bad Loans: MVBF has an appropriate level of bad loans (0.41%)


Next Steps

Dividend

What is MVB Financial's current dividend yield, its reliability and sustainability?

1.25%

Current Dividend Yield


Dividend Yield vs Market

company1.2%marketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Years0.9%

Current dividend yield vs market & industry

Notable Dividend: MVBF's dividend (1.25%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: MVBF's dividend (1.25%) is low compared to the top 25% of dividend payers in the US market (3.71%).


Stability and Growth of Payments

Stable Dividend: MVBF's dividends per share have been stable in the past 10 years.

Growing Dividend: MVBF's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (7.2%), MVBF's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: MVBF's dividends in 3 years are forecast to be well covered by earnings (16.1% payout ratio).


Next Steps

Management

What is the CEO of MVB Financial's salary, the management and board of directors tenure and is there insider trading?

3.9yrs

Average management tenure


CEO

Larry Mazza (58yo)

10.9yrs

Tenure

US$2,255,395

Compensation

Mr. Larry F. Mazza, CPA has been the Chief Executive Officer and President of MVB Financial Corp., since January 1, 2009 and January 01, 2014 respectively. Mr. Mazza served as the Chief Executive Officer a ...


CEO Compensation Analysis

Compensation vs Market: Larry's total compensation ($USD2.26M) is above average for companies of similar size in the US market ($USD1.11M).

Compensation vs Earnings: Larry's compensation has increased by more than 20% in the past year.


Management Age and Tenure

3.9yrs

Average Tenure

57yo

Average Age

Experienced Management: MVBF's management team is considered experienced (3.9 years average tenure).


Board Age and Tenure

6.6yrs

Average Tenure

58.5yo

Average Age

Experienced Board: MVBF's board of directors are considered experienced (6.6 years average tenure).


Insider Trading

Insider Buying: MVBF insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$20,88214 Nov 19
Cheryl Spielman
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$20.88
BuyUS$24,91131 Jul 19
Cheryl Spielman
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,430
Max PriceUS$17.42
BuyUS$40,28530 May 19
J. Pallotta
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,599
Max PriceUS$15.50
BuyUS$15,66524 May 19
Cheryl Spielman
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$15.76
BuyUS$5,52015 May 19
Donald Robinson
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares345
Max PriceUS$16.00

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 8.4%.


Management Team

  • Chris Pallotta (69yo)

    Independent Director

    • Tenure: 20.9yrs
    • Compensation: US$86.29k
  • Larry Mazza (58yo)

    President

    • Tenure: 10.9yrs
    • Compensation: US$2.26m
  • David Jones (56yo)

    Senior VP & Chief Risk Officer

    • Tenure: 14.9yrs
    • Compensation: US$415.79k
  • John Schirripa (57yo)

    Executive VP

    • Tenure: 0yrs
    • Compensation: US$605.87k
  • Don Robinson (44yo)

    Executive VP

    • Tenure: 3.9yrs
    • Compensation: US$786.13k
  • Lisa McCormick

    Corporate Secretary/ Investor Relations

    • Tenure: 3.9yrs
  • Josh Anderson

    Chief Information Officer

    • Tenure: 0yrs
  • James Potasky

    Senior Vice President of Audit

    • Tenure: 2.8yrs
  • C. Greathouse

    Senior Vice President of Human Resources

    • Tenure: 1.6yrs
  • Amy Baker

    Vice President of Corporate Communications & Marketing

    • Tenure: 0yrs

Board Members

  • Chris Pallotta (69yo)

    Independent Director

    • Tenure: 20.9yrs
    • Compensation: US$86.29k
  • Kelly Nelson (59yo)

    Independent Director

    • Tenure: 14.9yrs
    • Compensation: US$80.43k
  • Larry Mazza (58yo)

    President

    • Tenure: 10.9yrs
    • Compensation: US$2.26m
  • David Alvarez (55yo)

    Chairman of the Board

    • Tenure: 1.3yrs
    • Compensation: US$64.83k
  • John Ebert (59yo)

    Independent Director

    • Tenure: 6.6yrs
    • Compensation: US$77.13k
  • Gary LeDonne (59yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: US$90.79k
  • Jim Cava (54yo)

    Independent Director

    • Tenure: 6.6yrs
    • Compensation: US$104.35k
  • Dan Holt (48yo)

    Independent Director

    • Tenure: 2yrs
    • Compensation: US$64.83k
  • Ed Dean (50yo)

    Director

    • Tenure: 7yrs
    • Compensation: US$1.37m
  • Cheryl Spielman (64yo)

    Director

    • Tenure: 0.6yrs

Company Information

MVB Financial Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MVB Financial Corp.
  • Ticker: MVBF
  • Exchange: NasdaqCM
  • Founded: 1997
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$265.104m
  • Shares outstanding: 11.82m
  • Website: https://www.mvbbanking.com

Number of Employees


Location

  • MVB Financial Corp.
  • 301 Virginia Avenue
  • Fairmont
  • West Virginia
  • 26554
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MVBFNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDNov 2003

Biography

MVB Financial Corp., through its subsidiaries, provides banking and mortgage products and services to individuals and corporate clients in the Mid-Atlantic region. The company operates through three segmen ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/15 23:56
End of Day Share Price2019/12/13 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.