Mvb Financial (NASDAQ:MVBF) Price Target Raised to $25.00 at Keefe, Bruyette & Woods

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 - Get Free Report) had its price target raised by investment analysts at Keefe, Bruyette & Woods from $23.00 to $25.00 in a report issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 9.75% from the company's current price.

Other equities analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Mvb Financial from a "hold" rating to a "sell" rating in a report on Saturday. Hovde Group cut 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. Finally, Raymond James Financial reissued an "outperform" rating and issued a $25.00 price target (up from $20.00) on shares of Mvb Financial in a research report on Tuesday, July 8th.

Mvb Financial Stock Performance

NASDAQ:MVBF traded up $0.55 during trading hours on Monday, hitting $22.78. 24,178 shares of the company traded hands, compared to its average volume of 42,259. The stock has a market capitalization of $295.91 million, a price-to-earnings ratio of 17.52 and a beta of 1.01. 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 firm has a 50-day moving average of $21.87 and a 200 day moving average of $19.40. Mvb Financial has a twelve month low of $15.59 and a twelve month 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 the consensus estimate of $0.31 by ($0.16). Mvb Financial had a return on equity of 5.58% and a net margin of 7.84%. The firm had revenue of $33.72 million during the quarter, compared to the consensus estimate of $35.80 million. On average, analysts forecast that Mvb Financial will post 1.4 EPS for the current year.

Insiders Place Their Bets

In related news, insider Joseph Ryan Rodriguez acquired 4,125 shares of the stock in a transaction on Thursday, May 8th. The stock was purchased at an average price of $18.00 per share, for a total transaction of $74,250.00. Following the completion of the transaction, the insider owned 4,125 shares of the company's stock, valued at $74,250. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 11.66% of the company's stock.

Hedge Funds Weigh In On Mvb Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC raised its holdings 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 acquiring an additional 521 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Mvb Financial by 6,989.3% during the first quarter. GAMMA Investing LLC now owns 5,317 shares of the company's stock valued at $92,000 after acquiring an additional 5,242 shares in the last quarter. Strs Ohio bought a new position in shares of Mvb Financial during the first quarter valued at approximately $132,000. Wells Fargo & Company MN raised its holdings 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 valued at $180,000 after acquiring an additional 1,467 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in shares of Mvb Financial during the fourth quarter valued at approximately $272,000. Institutional investors 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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