Mvb Financial (NASDAQ:MVBF) Stock Gets Price Target Reduction from Keefe, Bruyette & Woods

Mvb Financial (NASDAQ:MVBF) had its price objective lowered by investment analysts at Keefe, Bruyette & Woods from $34.00 to $31.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods‘s target price would indicate a potential upside of 22.53% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. TD Cowen boosted their price target on shares of Mvb Financial from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Zacks Research upgraded Mvb Financial from a “strong sell” rating to a “hold” rating in a report on Monday, September 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Mvb Financial in a report on Tuesday, September 29th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.67.

Mvb Financial Price Performance

NASDAQ MVBF opened at $25.30 on Wednesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.16. Mvb Financial has a 12-month low of $23.99 and a 12-month high of $31.99. The company has a market capitalization of $328.14 million, a PE ratio of 15.15 and a beta of 0.92. The firm’s 50 day moving average is $29.79 and its 200-day moving average is $28.09.

Mvb Financial (NASDAQ:MVBF) last announced its earnings results on Thursday, October 29th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.37). The business had revenue of $40.43 million for the quarter, compared to analyst estimates of $39.10 million. Mvb Financial had a return on equity of 3.93% and a net margin of 9.46%. Equities research analysts anticipate that Mvb Financial will post 1.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mvb Financial

Several hedge funds have recently bought and sold shares of MVBF. Pure Financial Advisors LLC acquired a new position in Mvb Financial during the second quarter worth approximately $2,461,000. BlackRock Inc. acquired a new stake in shares of Mvb Financial in the second quarter valued at approximately $30,152,000. Empowered Funds LLC acquired a new stake in shares of Mvb Financial in the second quarter valued at approximately $1,184,000. Basswood Capital Management L.L.C. bought a new position in shares of Mvb Financial during the 2nd quarter worth approximately $7,477,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Mvb Financial during the 2nd quarter worth approximately $1,780,000. 52.72% of the stock is currently owned by institutional investors and hedge funds.

Mvb Financial Company Profile

MVB Financial Corp. is a financial holding company headquartered in Fairmont, West Virginia. Its principal subsidiary, MVB Bank, provides banking and financial services to individuals, businesses and organizations through locations and digital channels.

MVB Bank offers personal and business deposit accounts, commercial and consumer lending, mortgage banking, treasury management and wealth-management services. The bank also focuses on serving technology-oriented companies, including businesses in the financial technology, payments and gaming industries, with specialized banking and financial solutions.

Founded in 1997, MVB has expanded beyond its West Virginia roots to serve customers across the Mid-Atlantic region and clients in select industries on a broader geographic basis.