Mvb Financial (NASDAQ:MVBF) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Mvb Financial (NASDAQ:MVBF) received a "hold (c)" rating from Weiss Ratings, indicating a cautious outlook for the stock.
• The stock has fluctuated between a fifty-two week low of $15.59 and a high of $27.22, currently opened at $26.80.
• Institutional investors own over 52% of Mvb Financial's shares, indicating significant interest and investment from large entities.

Mvb Financial (NASDAQ:MVBF - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

MVBF has been the topic of several other reports. Raymond James Financial set a $30.00 price objective on Mvb Financial and gave the company an "outperform" rating in a research report on Tuesday. Wall Street Zen downgraded Mvb Financial from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Zacks Research upgraded Mvb Financial from a "strong sell" rating to a "hold" rating in a research report on Monday, September 29th. Keefe, Bruyette & Woods increased their target price on Mvb Financial from $23.00 to $25.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Finally, Cowen initiated coverage on Mvb Financial in a research report on Wednesday, September 24th. They set a "buy" rating on the stock. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Mvb Financial has an average rating of "Moderate Buy" and a consensus target price of $29.25.

Mvb Financial Stock Down 0.6%

Mvb Financial stock opened at $26.80 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.93 and a current ratio of 0.93. The firm has a market capitalization of $341.16 million, a price-to-earnings ratio of 20.62 and a beta of 1.08. Mvb Financial has a fifty-two week low of $15.59 and a fifty-two week high of $27.22. The stock's fifty day moving average is $24.13 and its two-hundred day moving average is $21.15.

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 net margin of 7.84% and a return on equity of 5.60%. The firm had revenue of $33.72 million during the quarter, compared to analyst estimates of $35.80 million. Analysts predict that Mvb Financial will post 1.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of MVBF. GAMMA Investing LLC lifted its holdings in shares of Mvb Financial by 6,989.3% in the 1st quarter. GAMMA Investing LLC now owns 5,317 shares of the company's stock worth $92,000 after purchasing an additional 5,242 shares during the last quarter. McKinley Carter Wealth Services Inc. lifted its holdings in shares of Mvb Financial by 15.5% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 29,876 shares of the company's stock worth $517,000 after purchasing an additional 4,000 shares during the last quarter. AA Financial Advisors LLC bought a new stake in shares of Mvb Financial in the 1st quarter worth approximately $1,299,000. Sippican Capital Advisors lifted its holdings in shares of Mvb Financial by 24.0% in the 1st quarter. Sippican Capital Advisors now owns 38,175 shares of the company's stock worth $661,000 after purchasing an additional 7,390 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Mvb Financial in the 1st quarter worth approximately $815,000. 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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