Mvb Financial (NASDAQ:MVBF) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Mvb Financial (NASDAQ:MVBF) from a strong sell rating to a hold rating in a report published on Monday,Zacks.com reports.

Several other research analysts also recently commented on MVBF. 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 price objective for the company. Cowen began coverage on Mvb Financial in a report on Wednesday, September 24th. They set a “buy” rating for the company. Keefe, Bruyette & Woods upped their price objective on Mvb Financial from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Monday, August 4th. Raymond James Financial reiterated an “outperform” rating and issued a $25.00 target price (up previously from $20.00) on shares of Mvb Financial in a research report on Tuesday, July 8th. Finally, Hovde Group lowered their target price on Mvb Financial from $28.00 to $27.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mvb Financial presently has an average rating of “Moderate Buy” and an average price target of $28.00.

Mvb Financial Stock Up 0.5%

MVBF stock opened at $25.06 on Monday. Mvb Financial has a 52 week low of $15.59 and a 52 week high of $25.14. The business has a 50-day simple moving average of $23.79 and a 200 day simple moving average of $20.81. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The company has a market cap of $319.01 million, a PE ratio of 19.28 and a beta of 1.01.

Mvb Financial (NASDAQ:MVBF) last released 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 net margin of 7.84% and a return on equity of 5.60%. The firm had revenue of $33.72 million during the quarter, compared to the consensus estimate of $35.80 million. Sell-side analysts anticipate that Mvb Financial will post 1.4 EPS for the current fiscal year.

Mvb Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 1st were given a dividend of $0.17 per share. The ex-dividend date was Friday, August 29th. This represents a $0.68 annualized dividend and a yield of 2.7%. Mvb Financial’s dividend payout ratio (DPR) is currently 52.31%.

Hedge Funds Weigh In On Mvb Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in MVBF. CWM LLC raised its stake in shares of Mvb Financial by 75.8% during the second quarter. CWM LLC now owns 1,208 shares of the company’s stock valued at $27,000 after acquiring an additional 521 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Mvb Financial in the second quarter valued at $32,000. Tower Research Capital LLC TRC raised its position 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 purchasing an additional 1,248 shares during the last quarter. GAMMA Investing LLC raised its position in Mvb Financial by 6,989.3% during the 1st quarter. GAMMA Investing LLC now owns 5,317 shares of the company’s stock worth $92,000 after purchasing an additional 5,242 shares during the last quarter. Finally, Strs Ohio acquired a new position in Mvb Financial during the 1st quarter worth about $132,000. 52.72% of the stock is currently 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.