Mvb Financial (NASDAQ:MVBF) Raised to “Strong-Buy” at TD Cowen

Mvb Financial (NASDAQ:MVBF) was upgraded by investment analysts at TD Cowen to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other brokerages have also recently issued reports on MVBF. Zacks Research upgraded Mvb Financial from a “strong sell” rating to a “hold” rating in a research note on Friday, January 2nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Mvb Financial in a research note on Monday, December 29th. Wall Street Zen cut Mvb Financial from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Hovde Group upped their price objective on Mvb Financial from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $32.00.

Mvb Financial Trading Up 0.1%

NASDAQ:MVBF opened at $26.32 on Monday. Mvb Financial has a twelve month low of $15.59 and a twelve month high of $29.59. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $26.42 and a two-hundred day moving average price of $26.58. The company has a market cap of $338.21 million, a P/E ratio of 12.78 and a beta of 0.90.

Mvb Financial (NASDAQ:MVBF) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Mvb Financial had a return on equity of 2.09% and a net margin of 13.37%.The firm had revenue of $39.08 million during the quarter, compared to the consensus estimate of $35.13 million. As a group, analysts expect that Mvb Financial will post 1.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Mvb Financial

A number of large investors have recently added to or reduced their stakes in the business. Daytona Street Capital LLC acquired a new position in Mvb Financial in the 4th quarter valued at $507,000. Huntington National Bank acquired a new position in Mvb Financial in the 3rd quarter valued at $138,000. CWM LLC grew its holdings in Mvb Financial by 68.6% in the 3rd quarter. CWM LLC now owns 2,037 shares of the company’s stock valued at $51,000 after buying an additional 829 shares in the last quarter. Versant Capital Management Inc grew its holdings in Mvb Financial by 317.6% in the 3rd quarter. Versant Capital Management Inc now owns 2,063 shares of the company’s stock valued at $52,000 after buying an additional 1,569 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Mvb Financial by 56.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,782,385 shares of the company’s stock valued at $44,667,000 after buying an additional 643,551 shares in the last quarter. 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.