Mvb Financial (NASDAQ:MVBF) Price Target Raised to $30.00 at Keefe, Bruyette & Woods

Mvb Financial (NASDAQ:MVBF) had its price target increased by equities researchers at Keefe, Bruyette & Woods from $25.00 to $30.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 12.74% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. TD Cowen began coverage on shares of Mvb Financial in a report on Thursday, September 25th. They set a “buy” rating and a $35.00 price target for the company. Wall Street Zen raised Mvb Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Mvb Financial in a research note on Wednesday, October 8th. Zacks Research cut Mvb Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 4th. Finally, Raymond James Financial set a $30.00 target price on Mvb Financial and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Mvb Financial has an average rating of “Moderate Buy” and an average price target of $31.50.

Mvb Financial Price Performance

Shares of MVBF stock traded up $0.11 during mid-day trading on Monday, reaching $26.61. The company’s stock had a trading volume of 10,646 shares, compared to its average volume of 41,480. The company has a market cap of $338.77 million, a P/E ratio of 10.82 and a beta of 1.09. The firm’s 50-day moving average is $25.38 and its two-hundred day moving average is $22.73. Mvb Financial has a 1-year low of $15.59 and a 1-year high of $27.49. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.96 and a current ratio of 0.96.

Insider Activity

In other Mvb Financial news, CFO Michael Robert Sumbs acquired 2,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was purchased at an average price of $26.00 per share, with a total value of $52,000.00. Following the completion of the purchase, the chief financial officer directly owned 2,000 shares in the company, valued at approximately $52,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in Mvb Financial by 5.4% during the first quarter. Goldman Sachs Group Inc. now owns 62,462 shares of the company’s stock worth $1,082,000 after acquiring an additional 3,213 shares during the last quarter. Nuveen LLC purchased a new position in shares of Mvb Financial in the 1st quarter worth approximately $815,000. American Century Companies Inc. increased its position in shares of Mvb Financial by 13.7% during the 1st quarter. American Century Companies Inc. now owns 111,369 shares of the company’s stock valued at $1,929,000 after purchasing an additional 13,418 shares during the last quarter. Bridgeway Capital Management LLC increased its position in shares of Mvb Financial by 9.0% during the 1st quarter. Bridgeway Capital Management LLC now owns 163,744 shares of the company’s stock valued at $2,836,000 after purchasing an additional 13,565 shares during the last quarter. Finally, Sippican Capital Advisors raised its holdings in Mvb Financial by 12.0% during the 2nd quarter. Sippican Capital Advisors now owns 42,755 shares of the company’s stock valued at $963,000 after buying an additional 4,580 shares during the period. Hedge funds and other institutional investors 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.