Mvb Financial (NASDAQ:MVBF) Stock Rating Upgraded by Wall Street Zen

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 research note issued on Saturday.

Other analysts have also recently issued reports about the company. Keefe, Bruyette & Woods decreased their price objective on Mvb Financial from $26.00 to $25.00 and set an "outperform" rating on the stock in a report on Monday, March 3rd. Raymond James Financial decreased their price target on shares of Mvb Financial from $24.00 to $20.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 2nd.

Mvb Financial Price Performance

NASDAQ MVBF traded up $0.43 on Friday, reaching $21.42. The company had a trading volume of 40,181 shares, compared to its average volume of 32,724. The stock has a market capitalization of $278.35 million, a PE ratio of 14.67 and a beta of 0.96. Mvb Financial has a 12 month low of $15.59 and a 12 month high of $25.24. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.24. The firm's 50 day moving average price is $18.56 and its 200 day moving average price is $18.81.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.27 earnings per share (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 firm had revenue of $33.68 million for the quarter, compared to analysts' expectations of $34.48 million. As a group, equities analysts predict that Mvb Financial will post 1.4 earnings per share for the current year.

Insider Transactions at Mvb Financial

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

Institutional Trading of Mvb Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of MVBF. Price T Rowe Associates Inc. MD boosted its stake in shares of Mvb Financial by 16.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,486 shares of the company's stock valued at $632,000 after purchasing an additional 4,255 shares during the period. Deutsche Bank AG bought a new stake in Mvb Financial during the 4th quarter valued at about $272,000. Banco Santander S.A. purchased a new stake in Mvb Financial in the 4th quarter valued at about $7,558,000. Bank of America Corp DE grew its stake in Mvb Financial by 85.2% in the 4th quarter. Bank of America Corp DE now owns 27,652 shares of the company's stock worth $572,000 after acquiring an additional 12,723 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in Mvb Financial by 5.1% in the 4th quarter. Empowered Funds LLC now owns 12,979 shares of the company's stock worth $269,000 after acquiring an additional 625 shares in the last quarter. Hedge funds and other institutional investors own 52.72% of the company's stock.

Mvb Financial Company Profile

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.