Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Mvb Financial (NASDAQ:MVBF) Stock

Mvb Financial (NASDAQ:MVBF) had its price objective lifted by equities research analysts at Keefe, Bruyette & Woods from $32.00 to $34.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 13.45% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Zacks Research cut Mvb Financial from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Weiss Ratings raised shares of Mvb Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 2nd. Wall Street Zen upgraded shares of Mvb Financial from a “sell” rating to a “hold” rating in a research note on Monday, June 1st. Raymond James Financial downgraded shares of Mvb Financial from an “outperform” rating to a “market perform” rating in a report on Thursday, April 30th. Finally, TD Cowen raised 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. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.75.

Mvb Financial Price Performance

NASDAQ MVBF opened at $29.97 on Thursday. Mvb Financial has a twelve month low of $22.85 and a twelve month high of $31.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $388.71 million, a PE ratio of 10.12 and a beta of 0.80. The stock has a 50-day simple moving average of $28.76 and a 200 day simple moving average of $27.29.

Mvb Financial (NASDAQ:MVBF) last released its earnings results on Tuesday, July 28th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.59. The firm had revenue of $50.73 million for the quarter, compared to analyst estimates of $36.94 million. Mvb Financial had a return on equity of 2.86% and a net margin of 17.53%. Research analysts anticipate that Mvb Financial will post 1.63 EPS for the current year.

Institutional Trading of Mvb Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its holdings 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 purchasing an additional 1,096 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Mvb Financial in the 2nd quarter worth approximately $32,000. Tower Research Capital LLC TRC lifted its position 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 worth $42,000 after buying an additional 1,248 shares during the period. Strs Ohio bought a new position in shares of Mvb Financial during the 1st quarter worth approximately $132,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in Mvb Financial in the 3rd quarter valued at $202,000. 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.