Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Mvb Financial (NASDAQ:MVBF) Stock

Key Points

• Keefe, Bruyette & Woods raised Mvb Financial's price target from $23.00 to $25.00, maintaining an "outperform" rating with a potential upside of 9.75% from the current price.
• Despite the positive outlook from some analysts, Wall Street Zen downgraded Mvb Financial from a "hold" rating to a "sell" rating, indicating mixed sentiments among investors.
• Mvb Financial's recent earnings report showed a significant miss on earnings per share, reporting $0.15 versus the expected $0.31, with revenues falling short as well.

Mvb Financial (NASDAQ:MVBF - Free Report) had its target price boosted by Keefe, Bruyette & Woods from $23.00 to $25.00 in a research note published on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also weighed in on MVBF. Hovde Group decreased their price target on Mvb Financial from $28.00 to $27.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Raymond James Financial reaffirmed an "outperform" rating and set a $25.00 price target (up from $20.00) on shares of Mvb Financial in a research note on Tuesday, July 8th. Finally, Wall Street Zen downgraded shares of Mvb Financial from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd.

Mvb Financial Price Performance

Shares of NASDAQ:MVBF traded up $0.33 during midday trading on Monday, reaching $23.48. 8,606 shares of the company were exchanged, compared to its average volume of 43,260. 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 stock has a market cap of $304.94 million, a PE ratio of 17.96 and a beta of 1.01. The business's fifty day moving average is $22.15 and its two-hundred day moving average is $19.50. Mvb Financial has a one year low of $15.59 and a one year high of $25.13.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.16). Mvb Financial had a net margin of 7.84% and a return on equity of 5.58%. The business had revenue of $33.72 million during the quarter, compared to analysts' expectations of $35.80 million. As a group, analysts predict that Mvb Financial will post 1.4 earnings per share for the current year.

Mvb Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Sunday, June 1st were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, May 30th. Mvb Financial's dividend payout ratio is 52.31%.

Institutional Investors Weigh In On Mvb Financial

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC lifted 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 valued at $27,000 after buying an additional 521 shares during the last quarter. Empowered Funds LLC boosted its stake in 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 acquiring an additional 1,165 shares in the last quarter. Two Sigma Advisers LP grew its holdings in Mvb Financial by 11.6% in the fourth quarter. Two Sigma Advisers LP now owns 13,500 shares of the company's stock worth $279,000 after purchasing an additional 1,400 shares during the last quarter. Wells Fargo & Company MN increased its position 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 worth $180,000 after purchasing an additional 1,467 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Mvb Financial by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 277,417 shares of the company's stock worth $6,252,000 after purchasing an additional 2,160 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.