Mvb Financial (NASDAQ:MVBF – Get Free Report) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.
MVBF has been the subject of several other research reports. Raymond James Financial lowered Mvb Financial from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Wall Street Zen raised Mvb Financial from a “sell” rating to a “hold” rating in a research note on Monday, June 1st. Weiss Ratings cut Mvb Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, TD Cowen cut their price objective on Mvb Financial from $35.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $31.25.
Read Our Latest Report on MVBF
Mvb Financial Trading Down 0.5%
Mvb Financial (NASDAQ:MVBF – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.37 by $0.02. Mvb Financial had a return on equity of 2.54% and a net margin of 13.98%.The firm had revenue of $36.53 million during the quarter, compared to analyst estimates of $37.72 million. As a group, equities analysts anticipate that Mvb Financial will post 1.69 earnings per share for the current year.
Institutional Investors Weigh In On Mvb Financial
A number of institutional investors have recently bought and sold shares of MVBF. Wellington Management Group LLP raised its holdings in Mvb Financial by 56.5% during the third quarter. Wellington Management Group LLP now owns 1,782,385 shares of the company’s stock valued at $44,667,000 after acquiring an additional 643,551 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Mvb Financial by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 506,608 shares of the company’s stock worth $12,580,000 after acquiring an additional 19,650 shares during the period. Geode Capital Management LLC boosted its stake in shares of Mvb Financial by 0.8% in the second quarter. Geode Capital Management LLC now owns 277,417 shares of the company’s stock worth $6,252,000 after acquiring an additional 2,160 shares during the period. Ameriprise Financial Inc. purchased a new stake in shares of Mvb Financial during the third quarter worth about $4,716,000. Finally, Kennedy Capital Management LLC purchased a new stake in shares of Mvb Financial during the fourth quarter worth about $3,118,000. Hedge funds and other 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.
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