Keefe, Bruyette & Woods Issues Pessimistic Forecast for MVB Financial (NASDAQ:MVBF) Stock Price

MVB Financial (NASDAQ:MVBF) had its target price reduced by equities researchers at Keefe, Bruyette & Woods from $26.00 to $25.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 36.39% from the company’s previous close.

MVB Financial Price Performance

Shares of NASDAQ:MVBF traded down $0.16 during trading on Monday, hitting $18.33. 3,115 shares of the company’s stock were exchanged, compared to its average volume of 33,235. The business’s 50-day simple moving average is $19.68 and its 200 day simple moving average is $20.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.94 and a quick ratio of 0.94. MVB Financial has a 52-week low of $17.51 and a 52-week high of $25.24. The company has a market cap of $237.21 million, a price-to-earnings ratio of 11.98 and a beta of 1.04.

MVB Financial (NASDAQ:MVBF) last released its earnings results on Thursday, February 13th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.33 by $0.39. The firm had revenue of $46.18 million for the quarter, compared to the consensus estimate of $33.60 million. MVB Financial had a net margin of 8.78% and a return on equity of 6.76%. As a group, equities analysts predict that MVB Financial will post 1.4 EPS for the current year.

Hedge Funds Weigh In On MVB Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. TimesSquare Capital Management LLC lifted its holdings in shares of MVB Financial by 19.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 924,053 shares of the company’s stock valued at $19,128,000 after acquiring an additional 149,464 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of MVB Financial by 5.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 388,990 shares of the company’s stock valued at $8,052,000 after purchasing an additional 20,992 shares during the last quarter. Banco Santander S.A. purchased a new position in shares of MVB Financial in the 4th quarter worth approximately $7,558,000. Geode Capital Management LLC raised its holdings in MVB Financial by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 265,272 shares of the company’s stock valued at $5,136,000 after buying an additional 6,002 shares during the period. Finally, State Street Corp raised its holdings in MVB Financial by 2.9% during the 3rd quarter. State Street Corp now owns 225,727 shares of the company’s stock valued at $4,370,000 after buying an additional 6,274 shares during the period. 52.72% of the stock is owned by hedge funds and other institutional investors.

About MVB Financial

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.