Keefe, Bruyette & Woods Issues Positive Forecast for Mvb Financial (NASDAQ:MVBF) Stock Price

Key Points

• Keefe, Bruyette & Woods raised MVB Financial’s price target from $32 to $34 while maintaining an “outperform” rating, implying approximately 11% upside. The analyst consensus remains “Moderate Buy,” with an average target of $32.75.
• MVB Financial reported quarterly EPS of $0.93, substantially exceeding the $0.34 consensus estimate, while revenue of $50.73 million also topped expectations of $36.94 million.
• Shares opened at $30.63, near their 52-week high of $31.99, with a market capitalization of roughly $393.5 million; institutional investors and hedge funds own 52.72% of the stock.

Mvb Financial (NASDAQ:MVBF - Get Free Report) had its price objective raised by Keefe, Bruyette & Woods from $32.00 to $34.00 in a report released on Thursday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' target price suggests a potential upside of 11.02% from the company's current price.

Several other research firms have also recently weighed in on MVBF. TD Cowen raised their target price on shares of Mvb Financial from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Mvb Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, July 2nd. Wall Street Zen upgraded shares of Mvb Financial from a "sell" rating to a "hold" rating in a research note on Monday, June 1st. Zacks Research downgraded shares of Mvb Financial from a "hold" rating to a "strong sell" rating in a research note on Monday, June 29th. Finally, Raymond James Financial downgraded Mvb Financial from an "outperform" rating to a "market perform" rating in a research report on Thursday, April 30th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Mvb Financial has a consensus rating of "Moderate Buy" and an average price target of $32.75.

Mvb Financial Stock Performance

Shares of MVBF stock opened at $30.63 on Thursday. The company has a market cap of $393.54 million, a PE ratio of 10.35 and a beta of 0.80. Mvb Financial has a 52 week low of $22.85 and a 52 week high of $31.99. 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 company's fifty day simple moving average is $28.63 and its 200-day simple moving average is $27.25.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.93 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.59. The business had revenue of $50.73 million during the quarter, compared to analysts' expectations of $36.94 million. Mvb Financial had a return on equity of 2.89% and a net margin of 17.53%. As a group, equities research analysts anticipate that Mvb Financial will post 1.63 EPS for the current year.

Hedge Funds Weigh In On Mvb Financial

Several institutional investors have recently made changes to their positions in MVBF. Russell Investments Group Ltd. grew its stake in shares of Mvb Financial by 2,673.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,137 shares of the company's stock worth $28,000 after acquiring an additional 1,096 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Mvb Financial during the second quarter worth $32,000. Tower Research Capital LLC TRC boosted its position in Mvb Financial by 200.6% in 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. Strs Ohio bought a new position in Mvb Financial during the first quarter valued at about $132,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Mvb Financial during the 3rd quarter valued at approximately $202,000. Institutional investors and hedge funds own 52.72% of the company's stock.

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.

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