Mvb Financial (NASDAQ:MVBF) Stock Rating Upgraded by Zacks Research

Key Points

• Mvb Financial's stock rating has been upgraded from "strong sell" to "hold" by Zacks Research, reflecting a more favorable outlook.
• Five analysts have given the stock a "Buy" rating, with a consensus target price of $28.00.
• Despite the positive rating changes, Mvb Financial reported $0.15 earnings per share for the last quarter, missing the consensus estimate of $0.31.

Mvb Financial (NASDAQ:MVBF - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms have also recently weighed in on MVBF. Cowen started coverage on Mvb Financial in a research report on Wednesday, September 24th. They set a "buy" rating for the company. Hovde Group cut their price objective on Mvb Financial from $28.00 to $27.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. TD Cowen started coverage on Mvb Financial in a report on Thursday, September 25th. They issued a "buy" rating and a $35.00 price target for the company. Keefe, Bruyette & Woods upped their price target on Mvb Financial from $23.00 to $25.00 and gave the company an "outperform" rating in a report on Monday, August 4th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $25.00 price target (up previously from $20.00) on shares of Mvb Financial in a report on Tuesday, July 8th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

Mvb Financial Price Performance

Shares of NASDAQ:MVBF opened at $25.06 on Monday. Mvb Financial has a fifty-two week low of $15.59 and a fifty-two week high of $25.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.93 and a quick ratio of 0.93. The stock has a market capitalization of $319.01 million, a P/E ratio of 19.28 and a beta of 1.01. The business has a 50-day moving average of $23.79 and a two-hundred day moving average of $20.81.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last posted its quarterly earnings data 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 5.60% and a net margin of 7.84%.The business had revenue of $33.72 million for the quarter, compared to analyst estimates of $35.80 million. On average, equities research analysts predict that Mvb Financial will post 1.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Mvb Financial

Several large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake 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 valued at $6,252,000 after purchasing an additional 2,160 shares during the period. Fourthstone LLC grew its stake in shares of Mvb Financial by 275.2% in the 2nd quarter. Fourthstone LLC now owns 259,356 shares of the company's stock valued at $5,843,000 after purchasing an additional 190,223 shares during the period. Bridgeway Capital Management LLC grew its stake in shares of Mvb Financial by 9.0% in the 1st quarter. Bridgeway Capital Management LLC now owns 163,744 shares of the company's stock valued at $2,836,000 after purchasing an additional 13,565 shares during the period. American Century Companies Inc. grew its stake in shares of Mvb Financial by 13.7% in the 1st quarter. American Century Companies Inc. now owns 111,369 shares of the company's stock valued at $1,929,000 after purchasing an additional 13,418 shares during the period. Finally, AA Financial Advisors LLC bought a new stake in shares of Mvb Financial in the 1st quarter valued at approximately $1,299,000. 52.72% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.