Mvb Financial (NASDAQ:MVBF - Get Free Report)'s stock had its "outperform" rating reaffirmed by analysts at Raymond James Financial in a note issued to investors on Tuesday,Benzinga reports. They presently have a $25.00 target price on the stock, up from their previous target price of $20.00. Raymond James Financial's target price points to a potential upside of 6.84% from the company's current price.
Separately, Wall Street Zen raised Mvb Financial from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st.
Check Out Our Latest Report on MVBF
Mvb Financial Trading Up 1.1%
MVBF traded up $0.26 during trading on Tuesday, hitting $23.40. 14,695 shares of the stock were exchanged, compared to its average volume of 32,672. The firm has a 50 day simple moving average of $19.83 and a 200 day simple moving average of $18.90. The firm has a market cap of $303.97 million, a price-to-earnings ratio of 16.03 and a beta of 0.99. Mvb Financial has a 1 year low of $15.59 and a 1 year high of $25.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 0.92.
Mvb Financial (NASDAQ:MVBF - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.06. Mvb Financial had a return on equity of 6.31% and a net margin of 8.68%. The business had revenue of $33.68 million for the quarter, compared to the consensus estimate of $34.48 million. As a group, equities analysts expect that Mvb Financial will post 1.4 EPS for the current year.
Insider Buying and Selling
In other Mvb Financial news, insider Joseph Ryan Rodriguez acquired 4,125 shares of the stock in a transaction that occurred on Thursday, May 8th. The stock was bought 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 owned 4,125 shares of the company's stock, valued at approximately $74,250. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Larry F. Mazza sold 6,962 shares of the firm's stock in a transaction 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 transaction, the chief executive officer owned 626,358 shares of the company's stock, valued at approximately $10,955,001.42. This 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 Trading of Mvb Financial
Several hedge funds have recently modified their holdings of MVBF. GAMMA Investing LLC lifted its holdings in Mvb Financial by 6,989.3% during the 1st quarter. GAMMA Investing LLC now owns 5,317 shares of the company's stock worth $92,000 after buying an additional 5,242 shares during the last quarter. Strs Ohio purchased a new stake in shares of Mvb Financial during the 1st quarter worth approximately $132,000. Wells Fargo & Company MN boosted its stake in shares of Mvb Financial by 20.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,705 shares of the company's stock worth $180,000 after acquiring an additional 1,467 shares in the last quarter. Jane Street Group LLC purchased a new stake in Mvb Financial in the 1st quarter valued at approximately $230,000. Finally, Empowered Funds LLC raised 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 acquiring an additional 1,165 shares during the last quarter. 52.72% of the stock is currently owned by institutional investors and hedge funds.
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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