MVB Financial (NASDAQ:MVBF) Price Target Cut to $25.00 by Analysts at JPMorgan Chase & Co.

MVB Financial (NASDAQ:MVBF - Get Free Report) had its target price cut by analysts at JPMorgan Chase & Co. from $28.00 to $25.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 35.94% from the stock's current price.

Separately, Keefe, Bruyette & Woods dropped their target price on shares of MVB Financial from $26.00 to $25.00 and set an "outperform" rating on the stock in a research report on Friday, March 1st.

MVB Financial Stock Performance

MVBF stock traded up $0.42 on Wednesday, reaching $18.39. 27,414 shares of the company were exchanged, compared to its average volume of 28,968. MVB Financial has a 12 month low of $16.43 and a 12 month high of $27.23. The stock's fifty day moving average price is $20.70 and its 200 day moving average price is $21.17. The firm has a market capitalization of $236.15 million, a PE ratio of 9.83 and a beta of 1.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.94 and a quick ratio of 0.94.

MVB Financial (NASDAQ:MVBF - Get Free Report) last announced its earnings results on Monday, April 29th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.04). MVB Financial had a return on equity of 8.76% and a net margin of 11.10%. The company had revenue of $57.86 million for the quarter, compared to the consensus estimate of $37.47 million. On average, research analysts anticipate that MVB Financial will post 1.81 EPS for the current fiscal year.

Institutional Investors Weigh In On MVB Financial

Several institutional investors and hedge funds have recently bought and sold shares of MVBF. TimesSquare Capital Management LLC increased its holdings in MVB Financial by 16.9% in the 4th quarter. TimesSquare Capital Management LLC now owns 615,935 shares of the company's stock valued at $13,895,000 after buying an additional 88,975 shares during the period. Wellington Management Group LLP increased its holdings in MVB Financial by 4.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,304,617 shares of the company's stock valued at $29,458,000 after buying an additional 51,342 shares during the period. Assenagon Asset Management S.A. bought a new stake in MVB Financial in the 4th quarter valued at $736,000. BNP Paribas Financial Markets increased its holdings in MVB Financial by 515.9% in the 1st quarter. BNP Paribas Financial Markets now owns 20,195 shares of the company's stock valued at $451,000 after buying an additional 16,916 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in shares of MVB Financial in the 4th quarter worth about $231,000. 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.