Mvb Financial (NASDAQ:MVBF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Mvb Financial (NASDAQ:MVBF) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

MVBF has been the subject of several other reports. TD Cowen assumed coverage on Mvb Financial in a report on Thursday, September 25th. They set a “buy” rating and a $35.00 target price for the company. Raymond James Financial set a $30.00 price objective on Mvb Financial and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Mvb Financial in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price objective on Mvb Financial from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Monday, August 4th. Finally, Zacks Research raised Mvb Financial from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Mvb Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.25.

Mvb Financial Trading Up 1.6%

Shares of NASDAQ MVBF opened at $25.99 on Friday. Mvb Financial has a 12 month low of $15.59 and a 12 month high of $27.49. The company has a market cap of $330.88 million, a price-to-earnings ratio of 10.57 and a beta of 1.08. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $25.19 and a 200-day simple moving average of $22.44.

Mvb Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Monday, September 1st were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, August 29th. Mvb Financial’s dividend payout ratio is presently 27.64%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. CWM LLC increased its position in Mvb Financial by 75.8% in the 2nd quarter. CWM LLC now owns 1,208 shares of the company’s stock worth $27,000 after purchasing an additional 521 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Mvb Financial in the 2nd quarter worth about $32,000. Tower Research Capital LLC TRC increased its position in Mvb Financial by 200.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock worth $42,000 after purchasing an additional 1,248 shares during the last quarter. Versant Capital Management Inc increased its position in Mvb Financial by 317.6% in the 3rd quarter. Versant Capital Management Inc now owns 2,063 shares of the company’s stock worth $52,000 after purchasing an additional 1,569 shares during the last quarter. Finally, City Holding Co. increased its position in Mvb Financial by 872.6% in the 3rd quarter. City Holding Co. now owns 3,696 shares of the company’s stock worth $93,000 after purchasing an additional 3,316 shares during the last quarter. 52.72% of the stock is owned by institutional investors and hedge funds.

Mvb Financial Company Profile

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.