Mvb Financial (NASDAQ:MVBF - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Sunday.
MVBF has been the topic of a number of other research reports. Raymond James Financial restated an "outperform" rating and set a $25.00 price target (up previously from $20.00) on shares of Mvb Financial in a research note on Tuesday, July 8th. Hovde Group upgraded Mvb Financial from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $21.50 to $28.00 in a research note on Monday, July 14th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $26.75.
View Our Latest Analysis on Mvb Financial
Mvb Financial Trading Up 0.4%
Shares of NASDAQ:MVBF traded up $0.10 on Friday, hitting $24.81. 30,153 shares of the company's stock were exchanged, compared to its average volume of 36,164. The business's 50 day simple moving average is $21.28 and its two-hundred day simple moving average is $19.21. The stock has a market capitalization of $322.28 million, a price-to-earnings ratio of 16.99 and a beta of 0.99. Mvb Financial has a 12 month low of $15.59 and a 12 month high of $25.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.92 and a quick ratio of 0.92.
Mvb Financial (NASDAQ:MVBF - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.06. The firm had revenue of $33.68 million during the quarter, compared to the consensus estimate of $34.48 million. Mvb Financial had a return on equity of 6.31% and a net margin of 8.68%. Analysts anticipate that Mvb Financial will post 1.4 EPS for the current fiscal year.
Insider Activity
In other Mvb Financial news, CEO Larry F. Mazza sold 6,962 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $17.49, for a total value of $121,765.38. Following the sale, the chief executive officer owned 626,358 shares in the company, valued at approximately $10,955,001.42. This represents a 1.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Joseph Ryan Rodriguez bought 4,125 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were acquired at an average price of $18.00 per share, for a total transaction of $74,250.00. Following the transaction, the insider directly owned 4,125 shares in the company, valued at approximately $74,250. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 11.66% of the company's stock.
Institutional Investors Weigh In On Mvb Financial
Several large investors have recently bought and sold shares of MVBF. GAMMA Investing LLC lifted its holdings in Mvb Financial by 6,989.3% in the 1st quarter. GAMMA Investing LLC now owns 5,317 shares of the company's stock valued at $92,000 after purchasing an additional 5,242 shares in the last quarter. Strs Ohio purchased a new position in Mvb Financial in the 1st quarter valued at $132,000. Wells Fargo & Company MN lifted its holdings in Mvb Financial by 20.3% in the 4th quarter. Wells Fargo & Company MN now owns 8,705 shares of the company's stock valued at $180,000 after purchasing an additional 1,467 shares in the last quarter. Jane Street Group LLC purchased a new position in Mvb Financial in the 1st quarter valued at $230,000. Finally, Empowered Funds LLC lifted its holdings in Mvb Financial by 9.0% in the 1st quarter. Empowered Funds LLC now owns 14,144 shares of the company's stock valued at $245,000 after purchasing an additional 1,165 shares in the last quarter. 52.72% of the stock is currently owned by hedge funds and other institutional investors.
About Mvb Financial
(
Get Free Report)
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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