Mvb Financial (NASDAQ:MVBF) Cut 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 investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

A number of other research firms also recently commented on MVBF. Hovde Group lowered their target price on Mvb Financial from $28.00 to $27.00 and set an "outperform" rating for the company in a research report on Thursday. Raymond James Financial reiterated an "outperform" rating and set a $25.00 target price (up from $20.00) on shares of Mvb Financial in a research report on Tuesday, July 8th.

Mvb Financial Price Performance

MVBF stock traded up $0.78 during midday trading on Friday, hitting $23.01. The company's stock had a trading volume of 70,411 shares, compared to its average volume of 42,598. Mvb Financial has a 12 month low of $15.59 and a 12 month high of $25.13. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $299.01 million, a price-to-earnings ratio of 17.70 and a beta of 1.01. The company has a 50 day moving average of $21.87 and a two-hundred day moving average of $19.40.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last posted its quarterly 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). The business had revenue of $33.72 million during the quarter, compared to the consensus estimate of $35.80 million. Mvb Financial had a return on equity of 5.58% and a net margin of 7.84%. On average, analysts expect that Mvb Financial will post 1.4 EPS for the current year.

Insiders Place Their Bets

In other Mvb Financial news, insider Joseph Ryan Rodriguez purchased 4,125 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average cost of $18.00 per share, with a total value of $74,250.00. Following the purchase, the insider owned 4,125 shares of the company's stock, valued at approximately $74,250. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 11.66% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. CWM LLC increased its position in shares of Mvb Financial by 75.8% during the second quarter. CWM LLC now owns 1,208 shares of the company's stock worth $27,000 after acquiring an additional 521 shares during the period. GAMMA Investing LLC increased its holdings in Mvb Financial by 6,989.3% during the 1st quarter. GAMMA Investing LLC now owns 5,317 shares of the company's stock worth $92,000 after purchasing an additional 5,242 shares during the period. Strs Ohio purchased a new position in shares of Mvb Financial during the first quarter valued at $132,000. Wells Fargo & Company MN increased its stake in shares of Mvb Financial by 20.3% during the fourth quarter. Wells Fargo & Company MN now owns 8,705 shares of the company's stock valued at $180,000 after buying an additional 1,467 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Mvb Financial during the first quarter valued at $230,000. 52.72% of the stock is currently owned by institutional investors.

About Mvb Financial

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.