Weiss Ratings Reiterates Hold (C) Rating for Mvb Financial (NASDAQ:MVBF)

Key Points

• Weiss Ratings has reaffirmed a "hold" rating for Mvb Financial (NASDAQ:MVBF), while five other analysts have given the stock a "buy" rating and two have rated it as a "hold."
• Mvb Financial reported earnings per share (EPS) of $0.15, missing the consensus estimate of $0.31, with revenue of $33.72 million falling short of expectations.
• The stock has a consensus price target of $29.25, reflecting a moderate buy stance from analysts, and Mvb Financial's market cap stands at approximately $340.53 million.

Mvb Financial (NASDAQ:MVBF - Get Free Report)'s stock had its "hold (c)" rating reissued by investment analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

Other analysts have also issued reports about the stock. Keefe, Bruyette & Woods increased their price target on shares of Mvb Financial from $23.00 to $25.00 and gave the stock an "outperform" rating in a research report on Monday, August 4th. Cowen initiated coverage on shares of Mvb Financial in a research report on Wednesday, September 24th. They issued a "buy" rating for the company. Raymond James Financial set a $30.00 price target on shares of Mvb Financial and gave the stock an "outperform" rating in a research report on Tuesday, October 7th. Zacks Research raised shares of Mvb Financial from a "strong sell" rating to a "hold" rating in a research report on Monday, September 29th. Finally, TD Cowen initiated coverage on shares of Mvb Financial in a research report on Thursday, September 25th. They issued a "buy" rating and a $35.00 price target for the company. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $29.25.

Mvb Financial Stock Performance

NASDAQ:MVBF opened at $26.75 on Friday. Mvb Financial has a twelve month low of $15.59 and a twelve month high of $27.22. The company has a 50-day moving average of $24.84 and a 200-day moving average of $21.93. The firm has a market cap of $340.53 million, a price-to-earnings ratio of 20.58 and a beta of 1.08. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.24.

Mvb Financial (NASDAQ:MVBF - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.16). Mvb Financial had a return on equity of 5.60% and a net margin of 7.84%.The firm had revenue of $33.72 million during the quarter, compared to analyst estimates of $35.80 million. Analysts forecast that Mvb Financial will post 1.4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MVBF. CWM LLC grew its stake in Mvb Financial by 75.8% during the 2nd quarter. CWM LLC now owns 1,208 shares of the company's stock worth $27,000 after purchasing an additional 521 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Mvb Financial during the 2nd quarter worth about $32,000. Tower Research Capital LLC TRC lifted its holdings in Mvb Financial by 200.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company's stock worth $42,000 after buying an additional 1,248 shares during the last quarter. City Holding Co. lifted its holdings in Mvb Financial by 872.6% during the 3rd quarter. City Holding Co. now owns 3,696 shares of the company's stock worth $93,000 after buying an additional 3,316 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Mvb Financial during the 1st quarter worth about $132,000. 52.72% of the stock is 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.

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