Mvb Financial (NASDAQ:MVBF) Raised to “Hold” at Wall Street Zen

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

MVBF has been the subject of a number of other reports. Zacks Research raised shares of Mvb Financial from a “strong sell” rating to a “hold” rating in a report on Friday, January 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Mvb Financial in a research report on Monday, December 29th. Finally, Hovde Group raised their target price on Mvb Financial from $31.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Mvb Financial presently has an average rating of “Moderate Buy” and an average price target of $32.00.

Mvb Financial Stock Performance

Mvb Financial stock opened at $24.72 on Friday. The firm has a market capitalization of $317.65 million, a PE ratio of 12.00 and a beta of 0.88. Mvb Financial has a one year low of $15.59 and a one year high of $29.59. The stock’s 50 day moving average price is $27.15 and its 200 day moving average price is $26.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.93.

Mvb Financial (NASDAQ:MVBF) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. Mvb Financial had a net margin of 13.37% and a return on equity of 2.09%. The company had revenue of $39.08 million for the quarter, compared to analyst estimates of $35.13 million. As a group, sell-side analysts expect that Mvb Financial will post 1.4 EPS for the current fiscal year.

Hedge Funds Weigh In On Mvb Financial

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its holdings in 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. acquired a new stake in shares of Mvb Financial during the 2nd quarter valued at approximately $32,000. Tower Research Capital LLC TRC lifted 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 worth $42,000 after purchasing an additional 1,248 shares during the last quarter. CWM LLC boosted its holdings in Mvb Financial by 68.6% in 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 period. Finally, Versant Capital Management Inc increased 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 valued at $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.