Mvb Financial (NASDAQ:MVBF) Rating Lowered to Sell at Wall Street Zen

Key Points

• Mvb Financial has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, signaling potential concerns about its future performance.
• The company reported earnings per share of $0.15 for the last quarter, missing the consensus estimate of $0.31, indicating challenges in meeting market expectations.
• Institutional investors own 52.72% of Mvb Financial's stock, reflecting significant interest from large financial entities despite recent downgrades.

Mvb Financial (NASDAQ:MVBF - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Several other equities research analysts have also issued reports on the company. Hovde Group dropped their price target on Mvb Financial from $28.00 to $27.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. Raymond James Financial reaffirmed an "outperform" rating and issued a $25.00 price target (up previously from $20.00) on shares of Mvb Financial in a research note on Tuesday, July 8th.

Mvb Financial Stock Down 0.3%

NASDAQ:MVBF traded down $0.07 during mid-day trading on Friday, hitting $23.28. The stock had a trading volume of 7,806 shares, compared to its average volume of 42,618. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $302.41 million, a PE ratio of 17.91 and a beta of 1.01. The stock has a 50-day simple moving average of $22.02 and a two-hundred day simple moving average of $19.45. Mvb Financial has a twelve month low of $15.59 and a twelve month high of $25.13.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.16). Mvb Financial had a net margin of 7.84% and a return on equity of 5.58%. The firm had revenue of $33.72 million during the quarter, compared to analyst estimates of $35.80 million. On average, equities research analysts anticipate that Mvb Financial will post 1.4 EPS for the current year.

Insider Buying and Selling at Mvb Financial

In other Mvb Financial news, insider Joseph Ryan Rodriguez bought 4,125 shares of Mvb Financial stock in a transaction on Thursday, May 8th. The shares were purchased at an average price of $18.00 per share, with a total value of $74,250.00. Following the acquisition, the insider owned 4,125 shares in the company, valued at $74,250. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.66% of the company's stock.

Institutional Investors Weigh In On Mvb Financial

A number of institutional investors have recently made changes to their positions in MVBF. Dimensional Fund Advisors LP grew its holdings in shares of Mvb Financial by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 388,990 shares of the company's stock valued at $8,052,000 after acquiring an additional 20,992 shares in the last quarter. Bridgeway Capital Management LLC raised its position in Mvb Financial by 9.0% during the first quarter. Bridgeway Capital Management LLC now owns 163,744 shares of the company's stock valued at $2,836,000 after purchasing an additional 13,565 shares in the last quarter. American Century Companies Inc. raised its position in Mvb Financial by 13.7% during the first quarter. American Century Companies Inc. now owns 111,369 shares of the company's stock valued at $1,929,000 after purchasing an additional 13,418 shares in the last quarter. Northern Trust Corp raised its position in Mvb Financial by 3.6% during the fourth quarter. Northern Trust Corp now owns 99,258 shares of the company's stock valued at $2,055,000 after purchasing an additional 3,409 shares in the last quarter. Finally, AA Financial Advisors LLC purchased a new stake in Mvb Financial during the first quarter valued at about $1,299,000. Institutional investors own 52.72% of the company's stock.

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.