MVB Financial (NASDAQ:MVBF) Given New $26.00 Price Target at Keefe, Bruyette & Woods

MVB Financial (NASDAQ:MVBF) had its price target lifted by investment analysts at Keefe, Bruyette & Woods from $24.00 to $26.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 21.10% from the stock’s current price.

MVB Financial Stock Performance

Shares of MVBF traded up $0.32 during mid-day trading on Wednesday, hitting $21.47. 20,316 shares of the company’s stock were exchanged, compared to its average volume of 26,960. MVB Financial has a 52 week low of $17.51 and a 52 week high of $25.24. The stock’s 50-day simple moving average is $20.36 and its 200-day simple moving average is $20.13. The firm has a market cap of $277.82 million, a price-to-earnings ratio of 15.12 and a beta of 1.08. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.24.

MVB Financial (NASDAQ:MVBF) last announced its earnings results on Wednesday, October 30th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.19). MVB Financial had a return on equity of 6.29% and a net margin of 8.49%. The business had revenue of $53.28 million for the quarter, compared to the consensus estimate of $35.90 million. On average, equities research analysts expect that MVB Financial will post 1.08 EPS for the current year.

Hedge Funds Weigh In On MVB Financial

Several hedge funds and other institutional investors have recently modified their holdings of MVBF. Acadian Asset Management LLC lifted its position in shares of MVB Financial by 20.0% during the 2nd quarter. Acadian Asset Management LLC now owns 9,764 shares of the company’s stock worth $181,000 after buying an additional 1,629 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of MVB Financial by 4.5% in the 3rd quarter. Empowered Funds LLC now owns 12,354 shares of the company’s stock valued at $239,000 after purchasing an additional 536 shares in the last quarter. Natixis Advisors LLC bought a new stake in shares of MVB Financial during the 3rd quarter valued at approximately $242,000. Squarepoint Ops LLC lifted its stake in MVB Financial by 75.2% in the 2nd quarter. Squarepoint Ops LLC now owns 16,748 shares of the company’s stock valued at $312,000 after purchasing an additional 7,191 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in MVB Financial by 3.2% in the second quarter. Rhumbline Advisers now owns 17,888 shares of the company’s stock valued at $333,000 after buying an additional 549 shares in the last quarter. Institutional investors own 52.72% of the company’s stock.

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.