Brokerages Set Mvb Financial Corp. (NASDAQ:MVBF) Target Price at $31.50

Shares of Mvb Financial Corp. (NASDAQ:MVBF) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $31.50.

A number of analysts recently commented on MVBF shares. Wall Street Zen lowered shares of Mvb Financial from a “hold” rating to a “sell” rating in a research report on Saturday. TD Cowen began coverage on shares of Mvb Financial in a research report on Thursday, September 25th. They set a “buy” rating and a $35.00 target price for the company. Cowen assumed coverage on shares of Mvb Financial in a research note on Wednesday, September 24th. They set a “buy” rating for the company. Zacks Research downgraded 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 research report on Tuesday, October 7th.

Insider Buying and Selling

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

Institutional Investors Weigh In On Mvb Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. increased its stake in Mvb Financial by 2,673.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,137 shares of the company’s stock worth $28,000 after acquiring an additional 1,096 shares during the last quarter. CWM LLC grew its holdings in shares of Mvb Financial by 75.8% during the second 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. bought a new position in shares of Mvb Financial in the second quarter worth approximately $32,000. Tower Research Capital LLC TRC raised its stake in Mvb Financial by 200.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock valued at $42,000 after purchasing an additional 1,248 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in Mvb Financial by 317.6% during the third quarter. Versant Capital Management Inc now owns 2,063 shares of the company’s stock valued at $52,000 after purchasing an additional 1,569 shares during the last quarter. 52.72% of the stock is owned by hedge funds and other institutional investors.

Mvb Financial Stock Performance

Shares of Mvb Financial stock opened at $25.58 on Friday. The company has a market cap of $321.90 million, a PE ratio of 10.40 and a beta of 1.09. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.23. Mvb Financial has a 52 week low of $15.59 and a 52 week high of $27.49. The business has a 50 day moving average price of $25.68 and a 200-day moving average price of $23.18.

About Mvb Financial

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.