Mvb Financial (NASDAQ:MVBF) Upgraded to “Hold” at Wall Street Zen

Mvb Financial (NASDAQ:MVBF) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

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

Mvb Financial Price Performance

Shares of MVBF stock opened at $20.46 on Friday. Mvb Financial has a 1-year low of $15.59 and a 1-year high of $25.24. The stock’s 50-day moving average is $18.46 and its 200 day moving average is $18.86. The company has a market cap of $265.78 million, a P/E ratio of 14.01 and a beta of 0.96. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.92 and a quick ratio of 0.92.

Mvb Financial (NASDAQ:MVBF) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.27 earnings per share 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 company had revenue of $33.68 million for the quarter, compared to the consensus estimate of $34.48 million. Research analysts predict that Mvb Financial will post 1.4 earnings per share for the current fiscal year.

Insider Activity

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

Institutional Trading of Mvb Financial

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in Mvb Financial by 6,989.3% in the first quarter. GAMMA Investing LLC now owns 5,317 shares of the company’s stock valued at $92,000 after purchasing an additional 5,242 shares during the last quarter. Strs Ohio acquired a new position in shares of Mvb Financial in the 1st quarter valued at about $132,000. Wells Fargo & Company MN boosted its stake in shares of Mvb Financial by 20.3% in the fourth 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 during the last quarter. Jane Street Group LLC purchased a new stake in shares of Mvb Financial in the first quarter worth about $230,000. Finally, Empowered Funds LLC grew its holdings in Mvb Financial by 9.0% during the first quarter. Empowered Funds LLC now owns 14,144 shares of the company’s stock worth $245,000 after acquiring an additional 1,165 shares during the period. Institutional investors and hedge funds 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.