Keefe, Bruyette & Woods Increases Mvb Financial (NASDAQ:MVBF) Price Target to $30.00

Mvb Financial (NASDAQ:MVBF) had its price target increased by Keefe, Bruyette & Woods from $25.00 to $30.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 12.74% from the stock’s previous close.

Several other equities analysts have also recently issued reports on MVBF. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mvb Financial in a research note on Wednesday, October 8th. Hovde Group lifted their price target on shares of Mvb Financial from $27.00 to $31.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Wall Street Zen upgraded Mvb Financial from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Raymond James Financial set a $30.00 price objective on Mvb Financial and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Finally, Zacks Research lowered Mvb Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 4th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.50.

Mvb Financial Price Performance

MVBF stock traded up $0.11 during trading hours on Monday, hitting $26.61. 10,646 shares of the stock traded hands, compared to its average volume of 41,480. The stock has a 50-day simple moving average of $25.38 and a 200 day simple moving average of $22.73. Mvb Financial has a one year low of $15.59 and a one year high of $27.49. The company has a market cap of $338.77 million, a P/E ratio of 10.82 and a beta of 1.09. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23.

Insider Transactions at Mvb Financial

In related news, CFO Michael Robert Sumbs purchased 2,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average cost of $26.00 per share, with a total value of $52,000.00. Following the completion of the purchase, the chief financial officer owned 2,000 shares of the company’s stock, valued at $52,000. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.66% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Mvb Financial by 75.8% during the 2nd quarter. CWM LLC now owns 1,208 shares of the company’s stock valued at $27,000 after buying an additional 521 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Mvb Financial in the second quarter worth approximately $32,000. Tower Research Capital LLC TRC raised its position in Mvb Financial by 200.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock valued at $42,000 after acquiring an additional 1,248 shares in the last quarter. Versant Capital Management Inc lifted its stake in Mvb Financial by 317.6% in the third quarter. Versant Capital Management Inc now owns 2,063 shares of the company’s stock valued at $52,000 after acquiring an additional 1,569 shares during the last quarter. Finally, City Holding Co. grew its position in Mvb Financial by 872.6% in the third quarter. City Holding Co. now owns 3,696 shares of the company’s stock worth $93,000 after acquiring an additional 3,316 shares in the last quarter. 52.72% of the stock is 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.