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

Wall Street Zen lowered shares of Mvb Financial (NASDAQ:MVBF - Free Report) from a hold rating to a sell rating in a research report report published on Saturday morning.

Separately, Raymond James Financial reiterated an "outperform" rating and issued a $25.00 target price (up from $20.00) on shares of Mvb Financial in a report on Tuesday, July 8th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, Mvb Financial currently has a consensus rating of "Moderate Buy" and an average target price of $26.75.

Mvb Financial Price Performance

Mvb Financial stock traded down $0.47 during midday trading on Friday, reaching $23.41. The company's stock had a trading volume of 36,118 shares, compared to its average volume of 33,114. The firm has a market capitalization of $304.10 million, a PE ratio of 16.05 and a beta of 0.99. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 0.92. Mvb Financial has a fifty-two week low of $15.59 and a fifty-two week high of $25.24. The stock's 50 day simple moving average is $20.44 and its 200 day simple moving average is $19.01.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.06. The business had revenue of $33.68 million for the quarter, compared to analyst estimates of $34.48 million. Mvb Financial had a net margin of 8.68% and a return on equity of 6.31%. On average, equities research analysts forecast that Mvb Financial will post 1.4 earnings per share for the current year.

Mvb Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Sunday, June 1st were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.90%. The ex-dividend date was Friday, May 30th. Mvb Financial's payout ratio is 46.58%.

Insider Transactions at Mvb Financial

In other news, CEO Larry F. Mazza sold 6,962 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $17.49, for a total transaction of $121,765.38. Following the sale, the chief executive officer owned 626,358 shares of the company's stock, valued at $10,955,001.42. This trade represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Joseph Ryan Rodriguez acquired 4,125 shares of the firm's stock in a transaction that occurred 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 completion of the acquisition, the insider owned 4,125 shares of the company's stock, valued at $74,250. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Company 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. AA Financial Advisors LLC bought a new position in shares of Mvb Financial in the first quarter worth $1,299,000. Nuveen LLC purchased a new position in shares of Mvb Financial in the first quarter worth about $815,000. Kennedy Capital Management LLC bought a new stake in shares of Mvb Financial in the fourth quarter worth about $769,000. Dimensional Fund Advisors LP boosted its position in Mvb Financial by 5.7% during the 4th 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. Finally, Bank of New York Mellon Corp boosted its position in Mvb Financial by 29.8% during the 4th quarter. Bank of New York Mellon Corp now owns 81,969 shares of the company's stock valued at $1,697,000 after acquiring an additional 18,825 shares in the last quarter. 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.