Wall Street Zen Upgrades Mvb Financial (NASDAQ:MVBF) to Hold

Mvb Financial (NASDAQ:MVBF) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

MVBF has been the subject of a number of other reports. TD Cowen cut their price target on Mvb Financial from $35.00 to $32.00 and set a “buy” rating for the company in a report on Friday, May 1st. Weiss Ratings lowered Mvb Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Hovde Group raised their price target on Mvb Financial from $31.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Raymond James Financial lowered Mvb Financial from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Mvb Financial presently has an average rating of “Moderate Buy” and an average target price of $31.25.

Mvb Financial Stock Performance

NASDAQ:MVBF opened at $25.06 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.92 and a quick ratio of 0.92. The business has a fifty day simple moving average of $25.62 and a two-hundred day simple moving average of $26.57. Mvb Financial has a 1 year low of $17.25 and a 1 year high of $29.59. The company has a market capitalization of $322.02 million, a P/E ratio of 11.50 and a beta of 0.82.

Mvb Financial (NASDAQ:MVBF) last released its earnings results on Wednesday, April 29th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Mvb Financial had a return on equity of 2.54% and a net margin of 13.98%.The business had revenue of $36.53 million during the quarter, compared to the consensus estimate of $37.72 million. On average, analysts expect that Mvb Financial will post 1.69 earnings per share for the current year.

Institutional Investors Weigh In On Mvb Financial

Several large investors have recently added to or reduced their stakes in MVBF. Russell Investments Group Ltd. boosted its stake in Mvb Financial by 2,673.2% during 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 period. Raymond James Financial Inc. bought a new stake in Mvb Financial during the second quarter valued at $32,000. Tower Research Capital LLC TRC boosted its stake in Mvb Financial by 200.6% during 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 period. CWM LLC lifted its stake in Mvb Financial by 68.6% during the third quarter. CWM LLC now owns 2,037 shares of the company’s stock worth $51,000 after purchasing an additional 829 shares during the last quarter. Finally, Versant Capital Management Inc lifted its stake in Mvb Financial by 317.6% during the third 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. Institutional investors own 52.72% of the company’s stock.

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.