Mvb Financial (NASDAQ:MVBF) Downgraded by Wall Street Zen to "Sell"

Key Points

• Wall Street Zen downgraded MVB Financial (NASDAQ:MVBF) from a "hold" to a "sell" rating in a report released Saturday.
• Despite that downgrade, most analysts remain constructive — five Buy ratings and one Hold give a consensus of "Moderate Buy" with an average price target of $32 (Hovde raised its target to $33).
• MVB is trading around $26.37 with a market cap of $338.9M and a P/E of 12.8; the company modestly beat quarterly estimates (EPS $0.32 vs. $0.31, revenue $39.08M vs. $35.13M) and analysts forecast about $1.40 EPS for the year.

Mvb Financial (NASDAQ:MVBF - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Several other research firms have also commented on MVBF. Hovde Group increased their target price on Mvb Financial from $31.00 to $33.00 and gave the company an "outperform" rating in a report on Friday, February 13th. Zacks Research raised Mvb Financial from a "strong sell" rating to a "hold" rating in a report on Friday, January 2nd. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Mvb Financial in a report on Monday, December 29th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Mvb Financial presently has a consensus rating of "Moderate Buy" and an average target price of $32.00.

Mvb Financial Stock Performance

NASDAQ:MVBF opened at $26.37 on Friday. The firm has a market capitalization of $338.85 million, a PE ratio of 12.80 and a beta of 0.90. The business's fifty day moving average price is $26.53 and its 200 day moving average price is $26.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.93 and a quick ratio of 0.93. Mvb Financial has a 12 month low of $15.59 and a 12 month high of $29.59.

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

Institutional Investors Weigh In On Mvb Financial

Several hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP boosted its stake in shares of Mvb Financial by 56.5% during the third quarter. Wellington Management Group LLP now owns 1,782,385 shares of the company's stock worth $44,667,000 after buying an additional 643,551 shares during the period. Dimensional Fund Advisors LP lifted its position in Mvb Financial by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 486,958 shares of the company's stock valued at $12,579,000 after purchasing an additional 17,244 shares during the period. Geode Capital Management LLC lifted its position in Mvb Financial by 0.8% in the second quarter. Geode Capital Management LLC now owns 277,417 shares of the company's stock valued at $6,252,000 after purchasing an additional 2,160 shares during the period. Ameriprise Financial Inc. acquired a new stake in Mvb Financial in the third quarter valued at about $4,716,000. Finally, Kennedy Capital Management LLC acquired a new stake in Mvb Financial in the fourth quarter valued at about $3,118,000. Institutional investors and hedge funds 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.

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