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

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

Separately, Raymond James Financial reiterated an "outperform" rating and set a $25.00 price target (up previously from $20.00) on shares of Mvb Financial in a report on Tuesday.

Mvb Financial Price Performance

MVBF stock traded down $0.40 during midday trading on Friday, reaching $23.18. The stock had a trading volume of 41,375 shares, compared to its average volume of 32,873. The company's fifty day simple moving average is $20.32 and its 200 day simple moving average is $19.01. 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 cap of $301.11 million, a price-to-earnings ratio of 15.88 and a beta of 0.99. Mvb Financial has a 52-week low of $15.59 and a 52-week high of $25.24.

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, beating analysts' consensus estimates of $0.21 by $0.06. The company had revenue of $33.68 million for the quarter, compared to analyst estimates of $34.48 million. Mvb Financial had a return on equity of 6.31% and a net margin of 8.68%. As a group, sell-side analysts predict that Mvb Financial will post 1.4 earnings per share for the current fiscal year.

Mvb Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Stockholders of record on Sunday, June 1st were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.68 annualized dividend and a dividend yield of 2.93%. Mvb Financial's dividend payout ratio is presently 46.58%.

Insider Buying and Selling at Mvb Financial

In other news, CEO Larry F. Mazza sold 6,962 shares of Mvb Financial stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $17.49, for a total transaction of $121,765.38. Following the transaction, the chief executive officer owned 626,358 shares in the company, valued at $10,955,001.42. The trade was a 1.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Joseph Ryan Rodriguez acquired 4,125 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The shares were acquired at an average cost of $18.00 per share, with a total value of $74,250.00. Following the completion of the transaction, the insider directly owned 4,125 shares in the company, valued at approximately $74,250. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 11.66% of the stock is owned by insiders.

Institutional Trading of Mvb Financial

A number of hedge funds and other institutional investors have recently modified their holdings of MVBF. AA Financial Advisors LLC acquired a new stake in shares of Mvb Financial during the 1st quarter worth about $1,299,000. Nuveen LLC acquired a new position in Mvb Financial in the 1st quarter valued at about $815,000. Kennedy Capital Management LLC acquired a new position in Mvb Financial in the 4th quarter valued at about $769,000. Dimensional Fund Advisors LP grew its position in Mvb Financial by 5.7% in 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 grew its position in Mvb Financial by 29.8% in 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. 52.72% of the stock is owned by institutional investors and hedge funds.

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.