Mvb Financial (NASDAQ:MVBF) Rating Increased to Hold at Wall Street Zen

Mvb Financial (NASDAQ:MVBF) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Monday.

Several other equities research analysts have also recently weighed in on MVBF. Weiss Ratings cut Mvb Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. TD Cowen reduced their price objective on Mvb Financial from $35.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Raymond James Financial cut Mvb Financial from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 30th. Finally, Hovde Group increased their price objective on Mvb Financial from $31.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.25.

Mvb Financial Price Performance

MVBF opened at $26.75 on Monday. Mvb Financial has a 1-year low of $18.96 and a 1-year high of $29.59. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $343.74 million, a price-to-earnings ratio of 12.27 and a beta of 0.82. The business has a 50 day moving average of $25.77 and a 200-day moving average of $26.54.

Mvb Financial (NASDAQ:MVBF) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Mvb Financial had a return on equity of 2.54% and a net margin of 13.98%.The company had revenue of $36.53 million during the quarter, compared to analysts’ expectations of $37.72 million. As a group, sell-side analysts anticipate that Mvb Financial will post 1.69 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. raised its holdings in shares of Mvb Financial by 2,673.2% in the third quarter. Russell Investments Group Ltd. now owns 1,137 shares of the company’s stock valued at $28,000 after buying an additional 1,096 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Mvb Financial in the second quarter valued at about $32,000. Tower Research Capital LLC TRC raised its holdings in shares of Mvb Financial by 200.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock valued at $42,000 after buying an additional 1,248 shares during the last quarter. Huntington National Bank bought a new position in shares of Mvb Financial in the third quarter valued at about $138,000. Finally, Strs Ohio bought a new position in shares of Mvb Financial in the first quarter valued at about $132,000. 52.72% of the stock is owned by institutional investors.

Mvb Financial Company Profile

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.