Mvb Financial (NASDAQ:MVBF) Stock Rating Upgraded by Wall Street Zen

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

A number of other analysts have also commented on MVBF. Zacks Research raised Mvb Financial from a “strong sell” rating to a “hold” rating in a research report on Friday, January 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Mvb Financial in a report on Monday, December 29th. Finally, Hovde Group upped their target price on Mvb Financial from $31.00 to $33.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

Mvb Financial Stock Up 0.2%

Shares of NASDAQ MVBF opened at $24.72 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22. The firm has a market cap of $317.65 million, a PE ratio of 12.00 and a beta of 0.88. The company’s fifty day simple moving average is $27.15 and its 200 day simple moving average is $26.40. Mvb Financial has a 12-month low of $15.59 and a 12-month high of $29.59.

Mvb Financial (NASDAQ:MVBF) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $39.08 million during the quarter, compared to the consensus estimate of $35.13 million. Mvb Financial had a net margin of 13.37% and a return on equity of 2.09%. As a group, sell-side analysts forecast that Mvb Financial will post 1.4 earnings per share for the current fiscal year.

Institutional Trading of Mvb Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Empowered Funds LLC boosted its holdings in Mvb Financial by 21.9% in the 4th quarter. Empowered Funds LLC now owns 34,425 shares of the company’s stock worth $889,000 after buying an additional 6,191 shares during the period. Bridgeway Capital Management LLC boosted its holdings in shares of Mvb Financial by 5.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 117,125 shares of the company’s stock worth $3,025,000 after acquiring an additional 6,191 shares during the period. AQR Capital Management LLC grew its position in shares of Mvb Financial by 3.6% in the fourth quarter. AQR Capital Management LLC now owns 27,396 shares of the company’s stock valued at $708,000 after purchasing an additional 958 shares in the last quarter. Trexquant Investment LP raised its stake in shares of Mvb Financial by 52.1% during the 4th quarter. Trexquant Investment LP now owns 29,464 shares of the company’s stock valued at $761,000 after purchasing an additional 10,088 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Mvb Financial by 3.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,153 shares of the company’s stock worth $934,000 after buying an additional 1,120 shares in the last quarter. Institutional investors own 52.72% of the company’s stock.

About Mvb Financial

MVB Financial Corp is a bank holding company based in Fairmont, West Virginia, serving individuals and businesses through its subsidiary, MVB Bank, Inc The company operates under a “Local First Banking” philosophy, emphasizing personalized service across its branch network. Its core business activities include deposit-taking, commercial lending, residential mortgage origination, and wealth management services.

On the deposit side, MVB Bank offers a range of products such as checking and savings accounts, money market accounts, and certificates of deposit.