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.


PE ratio (9.4x) is below the US market (18.3x)

Earnings grew by 151.4% over the past year

Pays a reliable dividend of 1.39%

Risk Analysis

Earnings are forecast to decline by an average of -26.5% 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




US Banks


US Market

1 Year Return




US Banks


US Market

Return vs Industry: MVBF exceeded the US Banks industry which returned 9.7% over the past year.

Return vs Market: MVBF exceeded the US Market which returned 19.4% over the past year.

Shareholder returns

7 Day3.4%-1.5%0.06%
30 Day-9.3%-2.8%1.1%
90 Day-5.1%0.3%8.9%
1 Year27.0%25.6%12.9%9.7%21.9%19.4%
3 Year56.5%52.9%22.5%13.7%48.9%39.3%
5 Year56.4%50.9%72.4%52.8%71.9%53.1%

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


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


Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: MVBF ($20.15) is trading above our estimate of fair value ($11.64)

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 (9.4x) compared to the Banks industry average (12.6x).

PE vs Market: MVBF is good value based on its PE Ratio (9.4x) compared to the US market (18.3x).

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 (1.2x) 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 2 analysts?


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 (-26.5% per year).

Earnings vs Market: MVBF's earnings are forecast to decline over the next 3 years (-26.5% per year).

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

Revenue vs Market: MVBF's revenue (3.3% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: MVBF's revenue (3.3% 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 (6.7%).

Next Steps

Past Performance

How has MVB Financial performed over the past 5 years?


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 12.3%.

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


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


Current Dividend Yield

Dividend Yield vs Market


Current dividend yield vs market & industry

Notable Dividend: MVBF's dividend (1.39%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.43%).

High Dividend: MVBF's dividend (1.39%) is low compared to the top 25% of dividend payers in the US market (3.7%).

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 (15.5% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Larry Mazza (58yo)





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.

Leadership Team

Larry Mazza
President11.1yrsUS$2.26m2.69% $6.4m
Donald Robinson
Executive VP4.1yrsUS$786.13k0.11% $273.5k
J. Pallotta
Independent Director21.1yrsUS$86.29k1.1% $2.6m
David Jones
Senior VP & Chief Risk Officer15.1yrsUS$415.79k0.34% $799.5k
John Schirripa
Executive VP0yrsUS$605.87k0.25% $587.2k
Joshua Anderson
Chief Information Officer0yrsno datano data
Lisa McCormick
Corporate Secretary/ Investor Relations4.1yrsno datano data
Amy Baker
Vice President of Corporate Communications & Marketing0yrsno datano data
C. Greathouse
Senior Vice President of Human Resources1.8yrsno datano data
James Potasky
Senior Vice President of Audit2.9yrsno datano data


Average Tenure


Average Age

Experienced Management: MVBF's management team is considered experienced (4.1 years average tenure).

Board Members

Larry Mazza
President11.1yrsUS$2.26m2.69% $6.4m
J. Pallotta
Independent Director21.1yrsUS$86.29k1.1% $2.6m
Kelly Nelson
Independent Director15.1yrsUS$80.43k0.53% $1.3m
David Alvarez
Chairman of the Board1.5yrsUS$64.83k2.47% $5.9m
John Ebert
Independent Director6.8yrsUS$77.13k0.63% $1.5m
Gary LeDonne
Independent Director3.4yrsUS$90.79k0.37% $879.8k
James Cava
Independent Director6.8yrsUS$104.35k1.45% $3.5m
Daniel Holt
Independent Director2.2yrsUS$64.83k0.047% $110.8k
Harry Dean
Director7.2yrsUS$1.37m1.76% $4.2m
Cheryl Spielman
Director0.8yrsno data0.029% $69.1k


Average Tenure


Average Age

Experienced Board: MVBF's board of directors are considered experienced (6.8 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

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

Top Shareholders

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$238.263m
  • Shares outstanding: 11.82m
  • Website:

Number of Employees


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


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


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 segments: Commercial and Retail Banking; Mortgage Banking; and Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and grants various types of loans, including commercial and commercial real estate loans, residential real estate loans, home equity lines of credit, real estate construction loans, and consumer loans. The company also provides debit cards; cashier’s checks; safe deposit rental facilities; and non-deposit investment services, as well as automated teller machines, and Internet and telephone banking services. The company operates 15 full-service banking branches and 11 mortgage offices. MVB Financial Corp. was founded in 1997 and is headquartered in Fairmont, West Virginia. 

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 01:26
End of Day Share Price2020/02/18 00:00
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.