Mvb Financial (NASDAQ:MVBF) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Mvb Financial (NASDAQ:MVBF) from a sell rating to a hold rating in a research note released on Saturday.

Several other brokerages have also recently issued reports on MVBF. Weiss Ratings cut Mvb Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Hovde Group lifted their price objective on Mvb Financial from $31.00 to $33.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. TD Cowen reduced their price objective on Mvb Financial from $35.00 to $32.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Raymond James Financial cut Mvb Financial from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Mvb Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.25.

Mvb Financial Trading Down 1.6%

NASDAQ:MVBF opened at $25.06 on Friday. The stock’s 50 day moving average price is $25.62 and its 200 day moving average price is $26.57. The company has a market capitalization of $322.02 million, a PE ratio of 11.50 and a beta of 0.82. 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 52-week low of $17.25 and a 52-week high of $29.59.

Mvb Financial (NASDAQ:MVBF) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $37.72 million. On average, research analysts anticipate that Mvb Financial will post 1.69 EPS for the current year.

Mvb Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, March 15th. Stockholders of record on Sunday, March 1st were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, February 27th. Mvb Financial’s payout ratio is 31.19%.

Hedge Funds Weigh In On Mvb Financial

A number of institutional investors have recently made changes to their positions in the stock. Quantinno Capital Management LP raised its holdings in shares of Mvb Financial by 2.6% in the first quarter. Quantinno Capital Management LP now owns 28,537 shares of the company’s stock worth $709,000 after acquiring an additional 722 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Mvb Financial by 7.5% in the first quarter. Arrowstreet Capital Limited Partnership now owns 54,309 shares of the company’s stock worth $1,348,000 after acquiring an additional 3,806 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Mvb Financial in the first quarter worth $272,000. Dimensional Fund Advisors LP raised its holdings 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 last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Mvb Financial by 4.7% in the first quarter. Bank of New York Mellon Corp now owns 57,897 shares of the company’s stock worth $1,438,000 after acquiring an additional 2,593 shares during the last quarter. 52.72% of the stock is owned by institutional investors and hedge funds.

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.