Mvb Financial (NASDAQ:MVBF) Earns Buy Rating from Analysts at TD Cowen

Key Points

• TD Cowen has initiated coverage on Mvb Financial (NASDAQ: MVBF) with a "buy" rating and a price target of $35.00, suggesting a potential upside of 44.63% from the previous close.
• Despite the positive rating from TD Cowen, other analysts have presented mixed views, with Wall Street Zen downgrading the stock from "hold" to "sell."
• Mvb Financial recently reported quarterly earnings of $0.15 EPS, missing estimates by $0.16, and had revenue of $33.72 million, below the consensus estimate of $35.80 million.

Equities researchers at TD Cowen assumed coverage on shares of Mvb Financial (NASDAQ:MVBF - Get Free Report) in a note issued to investors on Thursday,Briefing.com Automated Import reports. The firm set a "buy" rating and a $35.00 price target on the stock. TD Cowen's price target would indicate a potential upside of 44.63% from the company's previous close.

A number of other equities research analysts have also recently issued reports on MVBF. Wall Street Zen cut shares of Mvb Financial from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Hovde Group reduced their target price on shares of Mvb Financial from $28.00 to $27.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Keefe, Bruyette & Woods boosted their target price on shares of Mvb Financial from $23.00 to $25.00 and gave the company an "outperform" rating in a research report on Monday, August 4th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $25.00 target price (up previously from $20.00) on shares of Mvb Financial in a research report on Tuesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Mvb Financial presently has a consensus rating of "Buy" and a consensus target price of $28.00.

Mvb Financial Trading Down 0.8%

MVBF stock opened at $24.20 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. The company has a fifty day moving average price of $23.75 and a two-hundred day moving average price of $20.56. Mvb Financial has a one year low of $15.59 and a one year high of $25.13. The stock has a market cap of $308.07 million, a price-to-earnings ratio of 18.62 and a beta of 1.01.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.31 by ($0.16). The company had revenue of $33.72 million for the quarter, compared to the consensus estimate of $35.80 million. Mvb Financial had a return on equity of 5.60% and a net margin of 7.84%. Equities analysts anticipate that Mvb Financial will post 1.4 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MVBF. CWM LLC raised its stake in 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 in the last quarter. Empowered Funds LLC increased its stake in shares of Mvb Financial by 9.0% in the first quarter. Empowered Funds LLC now owns 14,144 shares of the company's stock valued at $245,000 after buying an additional 1,165 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Mvb Financial by 200.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company's stock valued at $42,000 after buying an additional 1,248 shares during the period. Two Sigma Advisers LP increased its stake in shares of Mvb Financial by 11.6% in the fourth quarter. Two Sigma Advisers LP now owns 13,500 shares of the company's stock valued at $279,000 after buying an additional 1,400 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Mvb Financial in the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 52.72% of the company's stock.

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.

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