Mvb Financial (NASDAQ:MVBF) Raised to Strong-Buy at TD Cowen

Mvb Financial (NASDAQ:MVBF) was upgraded by equities researchers at TD Cowen to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

MVBF has been the subject of a number of other reports. Hovde Group increased their price target on shares of Mvb Financial from $31.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Zacks Research upgraded Mvb Financial from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. Wall Street Zen lowered Mvb Financial from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Mvb Financial in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $32.00.

Mvb Financial Price Performance

NASDAQ MVBF opened at $26.32 on Monday. Mvb Financial has a twelve month low of $15.59 and a twelve month high of $29.59. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.93 and a current ratio of 0.93. The stock has a market capitalization of $338.21 million, a PE ratio of 12.78 and a beta of 0.90. The stock has a 50-day simple moving average of $26.42 and a 200 day simple moving average of $26.58.

Mvb Financial (NASDAQ:MVBF) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. Mvb Financial had a return on equity of 2.09% and a net margin of 13.37%.The business had revenue of $39.08 million during the quarter, compared to analysts’ expectations of $35.13 million. Research analysts anticipate that Mvb Financial will post 1.4 EPS for the current year.

Institutional Investors Weigh In On Mvb Financial

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

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.