Raymond James Financial Reiterates "Outperform" Rating for Mvb Financial (NASDAQ:MVBF)

Mvb Financial (NASDAQ:MVBF - Get Free Report)'s stock had its "outperform" rating reissued by stock analysts at Raymond James Financial in a research report issued on Tuesday,Benzinga reports. They currently have a $25.00 target price on the stock, up from their previous target price of $20.00. Raymond James Financial's target price suggests a potential upside of 7.71% from the company's current price.

Separately, Wall Street Zen raised shares of Mvb Financial from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st.

Mvb Financial Price Performance

Shares of Mvb Financial stock traded down $0.37 during trading hours on Tuesday, reaching $23.21. The stock had a trading volume of 17,899 shares, compared to its average volume of 32,768. The stock's 50 day moving average is $20.21 and its 200 day moving average is $18.99. The firm has a market capitalization of $301.50 million, a PE ratio of 15.92 and a beta of 0.99. Mvb Financial has a twelve month low of $15.59 and a twelve month high of $25.24. 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 (NASDAQ:MVBF - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.06. The business had revenue of $33.68 million during the quarter, compared to analysts' expectations of $34.48 million. Mvb Financial had a net margin of 8.68% and a return on equity of 6.31%. Equities analysts expect that Mvb Financial will post 1.4 earnings per share for the current fiscal year.

Insider Activity at Mvb Financial

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. 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 in the last quarter. Strs Ohio acquired a new stake in Mvb Financial during the 1st quarter worth approximately $132,000. Wells Fargo & Company MN lifted its holdings in 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 buying an additional 1,467 shares in the last quarter. Jane Street Group LLC acquired a new stake in Mvb Financial during the 1st quarter worth approximately $230,000. Finally, Empowered Funds LLC lifted its holdings in Mvb Financial by 9.0% during the 1st quarter. Empowered Funds LLC now owns 14,144 shares of the company's stock worth $245,000 after buying an additional 1,165 shares in the last quarter. 52.72% of the stock is currently owned by institutional investors and hedge funds.

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.