Mvb Financial (NASDAQ:MVBF) Downgraded to “Strong Sell” Rating by Zacks Research

Mvb Financial (NASDAQ:MVBF) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

Several other equities research analysts have also recently commented on MVBF. TD Cowen dropped their price objective on Mvb Financial from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Weiss Ratings lowered Mvb Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Mvb Financial from a “sell” rating to a “hold” rating in a research note on Monday, June 1st. Finally, Raymond James Financial cut shares of Mvb Financial from an “outperform” rating to a “market perform” rating in a research note on Thursday, April 30th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Mvb Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.25.

Mvb Financial Price Performance

Shares of MVBF opened at $29.01 on Monday. Mvb Financial has a twelve month low of $22.14 and a twelve month high of $29.59. The company has a market capitalization of $372.78 million, a P/E ratio of 13.31 and a beta of 0.82. The firm has a 50 day moving average of $26.77 and a 200 day moving average of $26.73. 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 (NASDAQ:MVBF) last issued its earnings results on Wednesday, April 29th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $36.53 million for the quarter, compared to the consensus estimate of $37.72 million. Mvb Financial had a return on equity of 2.54% and a net margin of 13.98%. As a group, equities research analysts anticipate that Mvb Financial will post 1.69 earnings per share for the current fiscal year.

Institutional Trading of Mvb Financial

Several large investors have recently modified their holdings of MVBF. Russell Investments Group Ltd. increased its position in Mvb Financial by 2,673.2% during the third quarter. Russell Investments Group Ltd. now owns 1,137 shares of the company’s stock valued at $28,000 after acquiring an additional 1,096 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Mvb Financial during the 2nd quarter valued at about $32,000. Tower Research Capital LLC TRC grew its stake in shares of Mvb Financial by 200.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,870 shares of the company’s stock valued at $42,000 after purchasing an additional 1,248 shares during the period. Strs Ohio purchased a new stake in shares of Mvb Financial during the 1st quarter valued at about $132,000. Finally, Huntington National Bank purchased a new stake in shares of Mvb Financial during the 3rd quarter valued at about $138,000. Institutional investors own 52.72% of the company’s stock.

Mvb Financial Company Profile

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.