Wall Street Zen Upgrades Mvb Financial (NASDAQ:MVBF) to "Hold"

Mvb Financial (NASDAQ:MVBF - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday.

A number of other equities research analysts also recently commented on MVBF. Raymond James Financial cut their target price on shares of Mvb Financial from $24.00 to $20.00 and set an "outperform" rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price objective on Mvb Financial from $26.00 to $25.00 and set an "outperform" rating for the company in a report on Monday, March 3rd.

Mvb Financial Stock Down 0.6%

NASDAQ:MVBF traded down $0.13 on Friday, reaching $20.46. 163,432 shares of the stock traded hands, compared to its average volume of 32,680. The company has a market capitalization of $265.78 million, a price-to-earnings ratio of 14.01 and a beta of 0.96. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. Mvb Financial has a 12 month low of $15.59 and a 12 month high of $25.24. The company's fifty day simple moving average is $18.46 and its 200 day simple moving average is $18.86.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. Mvb Financial had a return on equity of 6.31% and a net margin of 8.68%. The company had revenue of $33.68 million during the quarter, compared to the consensus estimate of $34.48 million. Equities analysts predict that Mvb Financial will post 1.4 EPS for the current fiscal year.

Insider Activity

In related news, insider Joseph Ryan Rodriguez purchased 4,125 shares of the business's stock in a transaction on Thursday, May 8th. The stock was acquired at an average price of $18.00 per share, with a total value of $74,250.00. Following the completion of the acquisition, the insider now owns 4,125 shares of the company's stock, valued at approximately $74,250. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Larry F. Mazza sold 6,962 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $17.49, for a total value of $121,765.38. Following the transaction, the chief executive officer now owns 626,358 shares of the company's stock, valued at approximately $10,955,001.42. This trade represents a 1.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.66% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MVBF. GAMMA Investing LLC boosted its stake in shares of Mvb Financial by 6,989.3% in the first quarter. GAMMA Investing LLC now owns 5,317 shares of the company's stock worth $92,000 after acquiring an additional 5,242 shares during the period. Strs Ohio bought a new position in shares of Mvb Financial in the first quarter worth about $132,000. Wells Fargo & Company MN boosted its stake in Mvb Financial by 20.3% in the 4th 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 during the period. Jane Street Group LLC bought a new position in Mvb Financial in the 1st quarter worth approximately $230,000. Finally, Empowered Funds LLC boosted its stake in Mvb Financial by 9.0% in the 1st quarter. Empowered Funds LLC now owns 14,144 shares of the company's stock worth $245,000 after purchasing an additional 1,165 shares during the period. 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.